Sembcorp Wins 50 MW RTC Green Power Project from SECI

17 Jun 2025 CW Team

Sembcorp Industries has secured a 50 MW round-the-clock (RTC) renewable energy project from the Solar Energy Corporation of India (SECI), further expanding its clean energy footprint in India.

To fulfil the contract, Sembcorp will integrate around 300 MW of installed capacity, combining solar, wind, and battery energy storage systems (BESS) to ensure reliable RTC power delivery. The company stated that the project would be developed under a build-own-operate model and is expected to be operational within 24 months of signing the power purchase agreement (PPA).

This win was part of SECI’s 1.2 GW tender for RTC power from Inter-State Transmission System-connected renewable projects. SECI acts as the central government’s nodal agency for auctioning and facilitating renewable energy capacity across India.

With this addition, Sembcorp’s total renewable capacity in India has now surpassed 6.5 GW, while its global clean energy portfolio has reached 18 GW, including pending acquisitions.

The project will be financed through a combination of internal accruals and external debt, reflecting Sembcorp’s ongoing commitment to scalable and sustainable energy solutions in line with India’s green transition goals.

Real Estate

07 May 2026

Wadhwa, Arisinfra Tie Up for Panvel Township

The Wadhwa Group has entered into a strategic partnership with ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a subsidiary of Arisinfra Solutions Limited, to drive growth at Wadhwa Wise City (WWC), its flagship integrated township in Panvel, Maharashtra.The alliance will focus on providing solutions to monetise inventory worth approximately Rs 6.5 billion, with plans to release additional inventory valued at Rs 4–4.5 billion.Structured as an eight-month engagement, the partnership combines Wadhwa Group’s real estate expertise with ARIS’ Developer-as-a-Service (DaaS) platform to create a p..

Maharashtra Plans ₹600 Crore Skill Centres For Construction Workers

CREDAI Pune hosted its annual Construction Safety Awards in Pune, where Maharashtra Labour Minister Akash Pandurang Fundkar announced plans to invest nearly ₹600 crore in modern skill development centres for construction workers across the state.The event, held at Sheraton Grand Pune, was attended by more than 300 CREDAI members and representatives from the construction sector. The proposed centres are planned for locations including Mumbai and Nagpur and will focus on advanced technologies, modern equipment and workforce training aligned with evolving industry requirements.Fundkar called fo..

NCLAT Quashes Insolvency Proceedings Against Embassy Developments

Embassy Developments Limited has announced that the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the earlier National Company Law Tribunal (NCLT) order admitting insolvency proceedings against the company, thereby quashing the Corporate Insolvency Resolution Process (CIRP).The appellate tribunal’s order overturns the NCLT ruling dated December 9, 2025, under which CIRP proceedings had been initiated against the company. With the latest ruling, all directions arising from the earlier NCLT order stand terminated and the insolvency proceedings against Emba..