RECPDCL Floats Bids for Rs 38 Bn UP Transmission Project

06 May 2025 CW Team

REC Power Development and Consultancy Ltd (RECPDCL) has invited bids to develop a major interstate transmission system to evacuate power from pumped storage projects (PSPs) in Sonbhadra district, Uttar Pradesh. Estimated at Rs 38 billion, the project will be developed under a build-own-operate-transfer (BOOT) model.

The scope includes setting up a 765/400 kV pooling station at Robertsganj, integrating it with the existing 765 kV Varanasi–Gaya transmission lines through loop-in loop-out connections, and constructing a new 765 kV double circuit line to Prayagraj. Switchable line and bus reactors are also part of the design.

The project will support a total capacity of 3.25 GW injection and 3.7 GW drawal, covering Greenko’s 2,016 MW and Avaada’s 1,716 MW applications. Infrastructure must adhere to 'Make in India' guidelines using models and manufacturers from the approved list. Bidders are required to furnish a bid security of Rs 380 million and will be informed of success charges 20 days before the submission deadline on June 27, 2025.

The winning developer will be responsible for surveying, land acquisition, obtaining statutory clearances, detailed design, construction, testing, commissioning, and operation and maintenance for 35 years. The entire project must be completed within 30 months of the agreement date, with a critical 1×1500 MVA interconnecting transformer at Robertsganj pooling station to be completed by December 2030.

To qualify, bidders must have handled infrastructure contracts worth at least Rs 19 billion in the last five years, with individual project experience of Rs 3.8 billion or more. Additionally, they must demonstrate a net worth of at least Rs 7.6 billion over the past three financial years.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..