Tata Power to install 26 MW solar plant for Neosym

06 Sep 2023 CW Team

Tata Power Renewable Energy (TPREL) is set to establish a 26 MW captive solar power plant in Ahmednagar, Maharashtra, following the signing of a power delivery agreement (PDA) with Neosym Industry (Neosym), a prominent manufacturer of Gray & S.G. iron castings.

The PDA pertains to a 26 MW AC group captive solar plant, with the project anticipated to produce 59 million units of electricity annually. Commencing operations in March 2024, the solar facility is projected to reduce carbon emissions by 32,500 tonne each year.

Ashish Khanna, CEO of Tata Power Renewable Energy, expressed the significance of this partnership with Neosym in their commitment to providing clean and sustainable energy solutions to commercial and industrial consumers. This initiative represents a step towards expanding renewable energy capacity and curbing carbon emissions in India.

This recent development comes on the heels of Tata Power Renewable Energy's previous projects, including a 28.12 MW green energy plant for Sanyo Special Steel Manufacturing India Private Limited (SSMI) and a 6 MW captive solar plant for Chalet Hotels in Maharashtra. However, specific financial details of the Neosym project were not disclosed.

Industry estimates suggest that setting up 1 MW of solar energy capacity requires an investment of approximately Rs 50-60 million.

Tata Power Renewable Energy's total renewable energy capacity now stands at 7,821 MW, encompassing projects in various stages of implementation, with 3,689 MW under development. Their operational capacity comprises 4,132 MW, including 3,139 MW from solar sources and 993 MW from wind energy. This marks a significant contribution to India's clean energy landscape.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..