Rays Power Infra Wins Rs 19.12 Bn Renewable Energy Project

21 Jan 2026 CW Team

The project will be executed under Rays Power Infra’s co-development business model. Under this framework, the company will undertake land acquisition, secure interstate transmission system (ISTS) connectivity and carry out complete engineering, procurement and construction (EPC) works. The project is planned to be developed in one of the company’s upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years.

According to the company, solar modules for the project will be assembled using cells sourced from its upcoming solar cell manufacturing facility in Madhya Pradesh. The facility is being developed through its subsidiary, Rays Green Energy, and is expected to strengthen backward integration while supporting domestic manufacturing under India’s renewable energy push.

Rays Power Infra provides utility-scale renewable energy solutions, primarily focused on solar power, and operates through both co-development and EPC business models. Under the co-development approach, the company aggregates land, secures grid connectivity—interstate or intrastate as required—and assists with approvals such as connectivity permissions, bay allocation, captive arrangements and power purchase agreements (PPAs). These projects are housed in special purpose vehicles (SPVs), which are later transferred to customers, followed by EPC execution and operations and maintenance (O&M) services as per contractual terms.

The company currently has a diversified renewable energy portfolio of around 11,665 MWp, spanning solar, wind and hybrid projects. As of July 31, 2025, Rays Power Infra had commissioned 1,771 MWp, with 4,029.43 MWp under contract, 3,565 MWp under development and about 2,300 MWp at advanced stages of development across 13 states and one Union Territory.

Rays Power Infra has also filed a draft red herring prospectus with the Securities and Exchange Board of India for a proposed initial public offering, subject to regulatory approvals and market conditions.

News source: PV Magazine

Rays Power Infra has secured a 300 MW renewable energy project valued at Rs 19.12 billion from a state-owned company, strengthening its position in India’s utility-scale clean energy sector. With this latest order, the company’s total order book has crossed Rs 80 billion.The project will be executed under Rays Power Infra’s co-development business model. Under this framework, the company will undertake land acquisition, secure interstate transmission system (ISTS) connectivity and carry out complete engineering, procurement and construction (EPC) works. The project is planned to be developed in one of the company’s upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years.According to the company, solar modules for the project will be assembled using cells sourced from its upcoming solar cell manufacturing facility in Madhya Pradesh. The facility is being developed through its subsidiary, Rays Green Energy, and is expected to strengthen backward integration while supporting domestic manufacturing under India’s renewable energy push.Rays Power Infra provides utility-scale renewable energy solutions, primarily focused on solar power, and operates through both co-development and EPC business models. Under the co-development approach, the company aggregates land, secures grid connectivity—interstate or intrastate as required—and assists with approvals such as connectivity permissions, bay allocation, captive arrangements and power purchase agreements (PPAs). These projects are housed in special purpose vehicles (SPVs), which are later transferred to customers, followed by EPC execution and operations and maintenance (O&M) services as per contractual terms.The company currently has a diversified renewable energy portfolio of around 11,665 MWp, spanning solar, wind and hybrid projects. As of July 31, 2025, Rays Power Infra had commissioned 1,771 MWp, with 4,029.43 MWp under contract, 3,565 MWp under development and about 2,300 MWp at advanced stages of development across 13 states and one Union Territory.Rays Power Infra has also filed a draft red herring prospectus with the Securities and Exchange Board of India for a proposed initial public offering, subject to regulatory approvals and market conditions.News source: PV Magazine

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

Infrastructure Urban

08 May 2026

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Infrastructure Transport

08 May 2026

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..