SJVN to Develop 1800 MW Kotpali Pumped Storage Project in Chhattisgarh

12 Mar 2025 CW Team

SJVN has signed a Memorandum of Understanding (MoU) with the Government of Chhattisgarh and Chhattisgarh State Power Generation Company Limited (CSPGCL) to develop the 1800 MW Kotpali Pumped Storage Project (PSP) in Balrampur district. With an estimated investment of Rs 95 billion, the project is expected to generate 3,967 million units of electricity annually. The MoU was formalised in the presence of Chhattisgarh Chief Minister Vishnu Deo Sai and key officials from SJVN and the state government.

Industry and Market Outlook India's renewable energy sector is witnessing rapid expansion, with pumped storage projects emerging as critical enablers for grid stability and energy security. As the country advances towards its 500 GW non-fossil fuel capacity target by 2030, pumped storage solutions like the Kotpali PSP are gaining prominence for their ability to balance fluctuations in renewable energy generation.

Chhattisgarh, traditionally known for its thermal power production, is now diversifying into renewable energy to support its long-term sustainability goals. The Kotpali PSP, designed as an off-stream closed-loop system, will play a pivotal role in storing surplus power during off-peak hours and supplying it during high-demand periods, thus improving grid efficiency.

The project is expected to create 5,000 direct and indirect jobs during its construction phase, further boosting the region’s economy. With increasing investments in energy storage solutions, the Kotpali PSP sets a precedent for similar initiatives across India, reinforcing the nation’s transition towards a resilient and green energy ecosystem.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..