Viraj Profiles and Avaada Commission 130 MW Solar Energy Venture
POWER & RENEWABLE ENERGY

Viraj Profiles and Avaada Commission 130 MW Solar Energy Venture

Viraj Profiles Limited and Avaada Energy have successfully commissioned a joint venture to generate 130 MW of solar energy. This collaboration marks a significant milestone in India's renewable energy sector, highlighting the partnership's commitment to expanding solar power capacity and promoting sustainable energy solutions.

Viraj Profiles, a leading stainless steel producer, joins forces with Avaada Energy, renowned for its expertise in renewable energy projects, to harness solar energy for powering industrial operations. The venture underscores the growing importance of private sector initiatives in advancing India's renewable energy goals.

Viraj Profiles Limited and Avaada Energy have successfully commissioned a joint venture to generate 130 MW of solar energy. This collaboration marks a significant milestone in India's renewable energy sector, highlighting the partnership's commitment to expanding solar power capacity and promoting sustainable energy solutions. Viraj Profiles, a leading stainless steel producer, joins forces with Avaada Energy, renowned for its expertise in renewable energy projects, to harness solar energy for powering industrial operations. The venture underscores the growing importance of private sector initiatives in advancing India's renewable energy goals.

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Real Estate

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

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Infrastructure Energy

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

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Infrastructure Urban

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..

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