Renew & SMIORE collaborates on renewable energy project in Karnataka

04 Jul 2023 CW Team

The partners have entered into an equity-based agreement to establish a power plant that harnesses both wind and solar energy, generating sustainable electricity. The project, developed by Renew Sandur Green Energy, comprises a 33 MW solar power plant and a 9.9 MW wind power plant. This initiative is expected to make a substantial contribution to the region's renewable energy landscape. By capitalising on the power of sunlight and wind, the project aims to reduce carbon emissions and promote a greener future. The company emphasises the utilisation of advanced technologies and efficient infrastructure to maximise energy production while minimising the environmental impact.

Bahirji A Ghorpade, Managing Director of SMIORE, expressed his satisfaction, stating, "The capital raised through a right Issue has been instrumental in completing this project. SMIORE will be able to utilise renewable energy to power our metallurgical plants for many years to come. This achievement marks a significant milestone towards a sustainable future as our reliance on fossil fuels diminishes, contributing to a greener environment.

Rahula Kashyapa, Vice-President of Business Development - B2B Business at ReNew, highlighted the project's significance, stating, "This initiative will substantially enhance the region's renewable energy capacity, reduce dependence on fossil fuels, and combat climate change. ReNew and SMIORE are proud to be at the forefront of the renewable energy revolution, and this joint investment signifies a crucial milestone in their shared commitment to a sustainable future. We anticipate the positive impact it will have on the environment and the local community.

Renew Energy Global Plc (ReNew), a renowned player in the renewable energy sector, has recently announced its investment in a renewable energy project located in Kudligi, Vijayanagara district of Karnataka. This endeavour is being undertaken by ReNew's subsidiary, Renew Green Energy Solutions, in collaboration with Sandur Manganese and Iron Ores (SMIORE), a prominent industrial conglomerate. The partners have entered into an equity-based agreement to establish a power plant that harnesses both wind and solar energy, generating sustainable electricity. The project, developed by Renew Sandur Green Energy, comprises a 33 MW solar power plant and a 9.9 MW wind power plant. This initiative is expected to make a substantial contribution to the region's renewable energy landscape. By capitalising on the power of sunlight and wind, the project aims to reduce carbon emissions and promote a greener future. The company emphasises the utilisation of advanced technologies and efficient infrastructure to maximise energy production while minimising the environmental impact. Bahirji A Ghorpade, Managing Director of SMIORE, expressed his satisfaction, stating, The capital raised through a right Issue has been instrumental in completing this project. SMIORE will be able to utilise renewable energy to power our metallurgical plants for many years to come. This achievement marks a significant milestone towards a sustainable future as our reliance on fossil fuels diminishes, contributing to a greener environment. Rahula Kashyapa, Vice-President of Business Development - B2B Business at ReNew, highlighted the project's significance, stating, This initiative will substantially enhance the region's renewable energy capacity, reduce dependence on fossil fuels, and combat climate change. ReNew and SMIORE are proud to be at the forefront of the renewable energy revolution, and this joint investment signifies a crucial milestone in their shared commitment to a sustainable future. We anticipate the positive impact it will have on the environment and the local community.

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..

Infrastructure Energy

06 Apr 2026

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..

Real Estate

06 Apr 2026

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..