Solarworld Signs EPC Deal for 200 MW Bikaner Solar Project

28 Apr 2026 CW Team

The scope of work covers design, procurement, civil construction and grid interconnection for the facility, with Solarworld responsible for delivering the plant ready for operation. NTPC REL will oversee asset management and power offtake arrangements under the terms of the contract. Procurement is to follow established quality and environmental standards and is designed to engage domestic suppliers where feasible. The partnership reflects growing collaboration between private engineering firms and state-owned developers in India's clean energy sector.

The project is expected to support local employment during construction and contribute to job creation in allied services while strengthening energy security in the region. It will add capacity to the state grid and support decarbonisation objectives by displacing fossil fuel generation. Environmental compliance and operational safety will form part of routine project governance throughout delivery. Stakeholders highlighted the role of utility scale solar in meeting India's long term renewable targets and enhancing grid stability when paired with complementary measures.

Solarworld will begin preparatory works and mobilise resources as per contract schedule, with milestones to be achieved through coordinated project management and regulatory approvals. The companies remarked that the project aligns with broader investment trends in renewable infrastructure across Asia Pacific. The contract documentation incorporates performance guarantees and a schedule of liquidated damages to ensure delivery standards. Observers noted that such transactions continue to underpin private sector participation in the country's energy transition.

Solarworld Energy Solutions has signed an engineering, procurement and construction (EPC) contract to develop a 200 megawatt (MW) solar project in Bikaner with NTPC Renewable Energy Ltd (NTPC REL), the companies announced on 21 May 2026. The agreement appoints Solarworld as the EPC contractor for the plant located in Rajasthan. Site selection accounted for solar resource and grid accessibility. The project represents a notable addition to the regional renewable energy pipeline. The scope of work covers design, procurement, civil construction and grid interconnection for the facility, with Solarworld responsible for delivering the plant ready for operation. NTPC REL will oversee asset management and power offtake arrangements under the terms of the contract. Procurement is to follow established quality and environmental standards and is designed to engage domestic suppliers where feasible. The partnership reflects growing collaboration between private engineering firms and state-owned developers in India's clean energy sector. The project is expected to support local employment during construction and contribute to job creation in allied services while strengthening energy security in the region. It will add capacity to the state grid and support decarbonisation objectives by displacing fossil fuel generation. Environmental compliance and operational safety will form part of routine project governance throughout delivery. Stakeholders highlighted the role of utility scale solar in meeting India's long term renewable targets and enhancing grid stability when paired with complementary measures. Solarworld will begin preparatory works and mobilise resources as per contract schedule, with milestones to be achieved through coordinated project management and regulatory approvals. The companies remarked that the project aligns with broader investment trends in renewable infrastructure across Asia Pacific. The contract documentation incorporates performance guarantees and a schedule of liquidated damages to ensure delivery standards. Observers noted that such transactions continue to underpin private sector participation in the country's energy transition.

Infrastructure Urban

28 Apr 2026

MRPL Board Approves Results For Year Ended March 2026

The board of Mangalore Refinery and Petrochemicals Limited approved audited standalone and consolidated financial results for the fourth quarter and year ended 31 March 2026. The board meeting was held on 24 April 2026 and approved the accounts for the quarter and the financial year. The company reported revenue from operations for the quarter of Rs 284,930 million (mn). This compares with the prior period figures disclosed in the filing. Profit before tax for the quarter was Rs 12,350 mn, up from Rs 5,840 mn in the corresponding quarter of the previous year. Profit after tax for the quarter w..

Infrastructure Urban

28 Apr 2026

Reliance Posts Record Annual Revenue And Profit For FY26

Reliance Industries reported record annual consolidated revenue of Rs 11,759.19 billion (bn) for the year ended 31 March 2026, reflecting an increase of nine point eight per cent year on year, and annual consolidated EBITDA of Rs 2,079.11 bn, up thirteen point four per cent. Annual profit after tax reached Rs 956.10 bn, rising eighteen point three per cent, and the board declared a dividend of Rs six per share. Quarterly consolidated gross revenue stood at Rs 3,252.90 bn while quarterly EBITDA was stable at Rs 485.88 bn, with capital expenditure for the year at Rs 1,442.71 bn as the group adva..

Infrastructure Urban

28 Apr 2026

Lodha Posts Record Pre-sales And Reduced Net Debt In FY26

Lodha Developers reported strong FY26 performance, with record annual pre-sales of Rs 205,300 million (mn) and a marked reduction in net debt to Rs 53,770 million. The report covered the quarter ended 31 March 2026 and noted the best-ever quarterly and annual pre-sales, driven by rising collections and operational efficiencies. Net debt to equity stood at 0.23x by quarter end, reflecting low leverage alongside scaled business expansion. The company delivered profit after tax of Rs 34,310 million, up 24 per cent, with PAT margin improving to 20.0 per cent from 19.5 per cent a year earlier. Duri..