Resonia Wins Ananthapur-II Transmission Project for Green Energy

04 Apr 2025 CW Team

Resonia, previously known as Sterlite Grid 32, has secured the Ananthapur-II Renewable Energy Zone (REZ) Phase-I transmission project in Andhra Pradesh. Awarded through the tariff-based competitive bidding (TBCB) process, the project will be implemented under a special purpose vehicle on a build-own-operate-transfer (BOOT) basis for a period of 35 years.

This marks the eleventh transmission project undertaken by Resonia under the TBCB model, increasing the company’s total project portfolio to approximately Rs 325.27 billion. The primary objective of the Ananthapur-II REZ Phase-I project is to support the evacuation of 4.5 GW of renewable energy from the Ananthapur region, thereby contributing significantly to India’s clean energy goals.

The project involves the development of a Greenfield pooling station at Ananthapuram-II with 765/400 kV and 400/220 kV transformation capacity. It also includes the establishment of 765 kV double-circuit transmission lines spanning 150 km to Davangere and 200 km to Cuddapah. These lines are designed to ensure efficient transmission of renewable power across the grid.

An important feature of the project is the integration of a ±300 MVAR Static Synchronous Compensator (STATCOM) at the Ananthapuram-II pooling station. This advanced system is aimed at enhancing grid stability, improving voltage control, and increasing the overall reliability of power supply in the region.

The project is expected to play a pivotal role in strengthening Andhra Pradesh’s power transmission network and facilitating the seamless integration of renewable energy into the national grid, aligning with India’s broader energy transition and decarbonization efforts.

News source: Renewable Watch

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..