VRL Logistics, Ratna Cements signs MoU to transfer Wind Power

22 Apr 2022 CW Team

VRL Logistics added 5.55% to Rs 545 after the company signed a Memorandum of Understanding (MoU) with Ratna Cements to transfer the wind power sale on a slump sale basis.

Under the MoU, VRL will transfer the Sale of Power undertaking, with all underlying assets and liabilities as a going concern on a slump sale basis for Rs 48 crore.

Ratna Cements placed a token advance of Rs 2 crore before signing the MoU and has a time of up to 31 July 2022 to complete the transaction with all required approvals, with the remittance of the balance sales consideration.

The Wind Power Undertaking of the company initially had 34 wind turbine generators with a capacity of 42.5 MW. The project comprises 32 wind turbine generators with a 40 MW capacity. These turbines have been installed at Kappatgudda, Karnataka.

The windmill division recorded a revenue of Rs 17.57 crore with 0.99% standalone revenue of the company, with earnings before interest and taxes (EBIT) of Rs 80.83 lakhs.

VRL Logistics is India's largest and leading transportation and logistics company. Its net profit rose 52.2% to Rs 60.49 crore, with a 20.4 % increase in net sales to Rs 678.39 crore in the third quarter (Q3) of FY22 over Q3 FY21.

Image Source

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..