Waaree Energies Secures 300 MW Wind Project in Gujarat

02 Mar 2026 CW Team

Waaree Energies has secured a 300 megawatt (MW) wind power project in Gujarat under a 25-year supply agreement. The company will be responsible for development and long-term supply of electricity from the project, according to the release. The award represents a notable addition to its renewable energy portfolio. The company framed the award as consistent with its growth strategy in renewable generation.

The project will add 300 MW of capacity to Waaree Energies' pipeline and is expected to contribute to grid decarbonisation efforts in the region. The installation will deploy utility scale turbines and associated infrastructure to feed power into the local transmission network. Project execution is intended to follow established engineering, procurement and construction practices. Use of local suppliers and contractors during construction is expected to support regional supply chains and skills development.

The 25-year supply agreement is structured to provide predictable offtake for the generated power and is expected to underpin stable revenue over the contract term. Such long-term contracts typically support financing and investor confidence by reducing merchant exposure. Waaree Energies indicated that securing this contract aligns with its strategic focus on expanding wind capacity alongside its existing solar operations. Predictable cash flows under the supply pact are commonly used to secure project financing and extend investor engagement during the asset life.

The company said the award will bolster its order book and strengthen its position in the renewable energy market. Management expects the project to enhance operational scale and create opportunities for further bids in the wind segment. The development is presented as part of the firm's broader transition toward a diversified clean energy portfolio. The company believes the contract will validate its technical capability and broaden market reach.

Real Estate

05 Aug 2026

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..

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..

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 ..