+
Renew, Tata Power Among Winners in SJVN’s 1.2 GW FDRE Auction
POWER & RENEWABLE ENERGY

Renew, Tata Power Among Winners in SJVN’s 1.2 GW FDRE Auction

Renew Solar Power, EG Energy Development (Enfinity Global), Dineshchandra R Agrawal Infracon, Serentica Renewables India, and Tata Power Renewable Energy have secured SJVN’s auction for 1,200 MW ISTS-connected firm and dispatchable renewable energy projects. 
Of the total 448 MW awarded, Renew Solar won 100 MW at a tariff of Rs 4.82/kWh, EG Energy 60 MW at Rs 4.83/kWh, Dineshchandra 100 MW at Rs 4.86/kWh, Serentica 100 MW at Rs 4.89/kWh, and Tata Power 88 MW at Rs 4.91/kWh. 
The tender, floated in July 2024, also offered a greenshoe capacity of up to 1,200 MW, with bid sizes ranging from 50 MW to 600 MW. Projects will use established, operational technologies to minimise risk and ensure timely commissioning, following government guidelines for wind turbines, solar modules, and balance of systems. The annual capacity utilization factor must be at least 75%. 
In November 2024, Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada won SJVN’s FDRE II auction for 1,200 MW of renewable energy with storage, offering tariffs of Rs 4.25/kWh and Rs 4.26/kWh. 
(Mercom)    

Renew Solar Power, EG Energy Development (Enfinity Global), Dineshchandra R Agrawal Infracon, Serentica Renewables India, and Tata Power Renewable Energy have secured SJVN’s auction for 1,200 MW ISTS-connected firm and dispatchable renewable energy projects. Of the total 448 MW awarded, Renew Solar won 100 MW at a tariff of Rs 4.82/kWh, EG Energy 60 MW at Rs 4.83/kWh, Dineshchandra 100 MW at Rs 4.86/kWh, Serentica 100 MW at Rs 4.89/kWh, and Tata Power 88 MW at Rs 4.91/kWh. The tender, floated in July 2024, also offered a greenshoe capacity of up to 1,200 MW, with bid sizes ranging from 50 MW to 600 MW. Projects will use established, operational technologies to minimise risk and ensure timely commissioning, following government guidelines for wind turbines, solar modules, and balance of systems. The annual capacity utilization factor must be at least 75%. In November 2024, Hero Solar Energy, Ganeko Solar (Zelestra), Juniper Green Energy, ReNew, and Avaada won SJVN’s FDRE II auction for 1,200 MW of renewable energy with storage, offering tariffs of Rs 4.25/kWh and Rs 4.26/kWh. (Mercom)    

Next Story
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?