USolar Emerges L1 For NTPC SAIL 20 MW Floating Solar Project

07 Aug 2026 CW Team

USolar Clean Energy Solutions has emerged as the lowest bidder for the 20 megawatt (MW) floating solar photovoltaic project to be developed at Maroda Reservoir-2 in Bhilai in Durg district of Chhattisgarh. The project was floated by NTPC-SAIL Power Company Limited, a joint venture between NTPC and Steel Authority of India Limited, through a domestic competitive bidding process under a single-stage, two-envelope system.

USolar submitted a financial bid of Rs 1,274.7 million (mn), but bidder ranking was based on the lowest cost per unit of estimated annual electricity generation expressed as Rs per million (mn) units (MU). Based on that evaluation method USolar secured the top position with an evaluated rate of Rs 29.0 mn per MU supported by an estimated annual generation of 43.90 MU.

InSolare Energy Limited was ranked second with a financial bid of Rs 1,348.8 mn and an evaluated rate of Rs 29.6 mn per MU with estimated annual generation of 45.54 MU. SLNKO Energy Private Limited was third with a bid of Rs 1,383.0 mn at Rs 31.2 mn per MU, while Oriana Power was fourth with Rs 1,377.1 mn at Rs 31.4 mn per MU. Floatex Solar and BVG India Limited followed with bids of Rs 1,391.5 mn and Rs 1,446.1 mn respectively, each evaluated at about Rs 31.7 mn per MU.

The project is scheduled to be completed within one year and the selected contractor will be responsible for engineering, design, supply, installation, testing and commissioning of the floating solar plant. The scope includes floating platforms, anchoring systems, solar modules and associated civil, electrical and mechanical works together with the 33 kilovolt (kV) underground power evacuation system and a SCADA-based central monitoring arrangement, and the successful bidder will provide operation and maintenance services for three years.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..