REC Raises Rs 56.35 Billion via Private Bond Placement

Nikhil Kamath Invests Rs 1.38 Billion in Goldi Solar

Nikhil Kamath, co-founder of brokerage firm Zerodha, has announced an investment of Rs 1.38 billion in solar PV module manufacturer Goldi Solar for an undisclosed stake.The Gujarat-based company said it will utilise the fresh capital for expansion initiatives. “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground,” Kamath noted.Over the past year, Goldi Solar has expanded its solar PV module manufacturing capacity from 3 GW to 14.7 GW and is also advancing its solar cell production facilitie..

Reliance Infra Wins 390 MW Solar-Battery Project from NHPC

Reliance Infrastructure Ltd has received a Letter of Award from NHPC, a Navratna public sector enterprise, for a 390 MW solar power project integrated with a Battery Energy Storage System (BESS). The project will include 700 MW of solar DC capacity alongside 780 MWhr of battery storage.The contract was awarded at a tariff of Rs 3.13 per kWh, making it among the most competitively priced renewable energy projects in India. The auction process, which attracted 15 bidders, was oversubscribed by nearly four times, highlighting strong industry interest.This award significantly enhances Reliance Gro..

KMEW Wins Rs 283 Million Dredging Contract at Pondicherry Port

Knowledge Marine & Engineering Works Limited (KMEW) has secured a work order from Dredging Corporation of India Limited (DCI) for the chartering of a shallow draft Trailing Suction Hopper Dredger (TSHD) to carry out maintenance dredging at Pondicherry Port during 2024-25.The order, valued at Rs 283 million (inclusive of taxes), will be executed over three months, with the option of a one-month extension. The scope of work includes dredging operations in the Mouth Portion, Entrance Channel, and Sand Trap Areas of Pondicherry Port, from existing depths to the designed level. Approximately 20..