ReNew signs 5 PPAs; expands portfolio to 15.6 GW

14 May 2024 CW Team

ReNew, a prominent renewable energy company in India, has announced the signing of five Power Purchase Agreements (PPAs) totalling around 2.2 GW of renewable energy capacity. This move expands its fully contracted renewable energy portfolio to 15.6 GW. Additionally, ReNew has received Letters of Award for an additional 5.8 GW of renewable energy capacity.

Among these agreements, three solar PPAs totaling 800 MW were signed with NTPC Limited, Damodar Valley Corporation, and Solar Energy Corporation of India Limited, at a weighted average tariff of Rs 2.59 per kWh. Furthermore, a 1 GW Firm and Dispatchable Renewable Energy (FDRE) PPA was inked with SJVN Limited at a tariff of Rs 4.39 per kWh. ReNew also signed a 438 MW PPA with a major multinational commercial and industrial customer.

?We are thrilled to announce the signing of these significant PPAs. This achievement reflects our unwavering commitment to India's renewable energy goals and strengthens our position as a leading green energy provider. These agreements, with a strong counterparty profile, will not only contribute to a cleaner future but also deliver long-term financial benefits for ReNew and its shareholders?, said Sumant Sinha, Founder, Chairman, & CEO, ReNew.

These PPAs entail the development of 1,500 MW of solar and 688 MW of wind projects, with commissioning expected over the next 24 months. ReNew's expansion aligns with India's goal of achieving 500 GW of non-fossil fuel energy capacity and reducing carbon emissions by one billion tonnes by 2030. Since its establishment in 2011, ReNew has played a significant role in fostering sustainability in the Indian economy. With an operational capacity of approximately 9.5 GW, ReNew is poised to annually generate around 21 billion units of clean electricity, sufficient to power six million households and mitigate approximately 17 million tonnes of CO2 emissions annually.

(Source: ET)

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..