Waaree Wins Rs 2.32 Billion EPC Order for 170 MW Solar Project

28 Mar 2025 CW Team

Waaree Renewable Technologies Ltd has secured a Letter of Award (LOA) from Waaree Energies Limited for the Engineering, Procurement, and Construction (EPC) of a 170 MW AC / 255 MW DC ground-mounted solar power project. The contract also includes Operation & Maintenance (O&M) services on a turnkey basis.

Valued at Rs 2.32 billion (excluding taxes), the project is scheduled for completion in FY 2025-26 as part of Waaree Renewable Tech’s expansion in the solar EPC sector. The company confirmed that the contract was awarded by Waaree Energies Limited, its promoter entity.

Additionally, Waaree Renewable Technologies, as part of a three-member consortium, has also received an LOA for an EPC contract for a 125 MW AC (181.3 MWp DC) solar power project. This contract, worth approximately Rs 7.4 billion (inclusive of taxes), includes turnkey execution and O&M services and was awarded by a leading power distribution company. The specific roles of the consortium members will be finalized in due course.

(cnbctv18)

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..