Waaree Renewable Technology completes 122.5MW solar power project in MP

05 Jul 2023 CW Team

Waaree Renewable Technology, a subsidiary of Waaree Energies, announced the successful commissioning of a 122.5 MW solar power project in Khandwa, Madhya Pradesh. The project was undertaken for Masaya Solar Energy, a subsidiary of UPC Renewable Energy.

As per the official press release, this solar power project is anticipated to generate 349 million units of electricity annually, leading to a reduction of 373,422 metric tonnes of CO2 emissions. Alok Nigam, the Country Head of UPC Renewable Energy, stated that upon integration with the grid, the project will cater to the annual electricity needs of approximately 278,000 households in an environmentally friendly manner.

Viren Doshi, the Director of Waaree Renewable Technologies, mentioned that this collaboration with UPC Renewables marks their first venture with ISTS connectivity. In addition to providing engineering, procurement, and construction (EPC) solutions, they will also be responsible for the operation and maintenance of the plant for duration of two years.

Waaree Renewable is a leading service provider in the solar energy sector, specialising in EPC services. They have a remarkable track record of installing over 1 GW of solar projects, encompassing on-ground, rooftop, and utility projects, to date.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..