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JV set up for renewable energy power plant for refineries
POWER & RENEWABLE ENERGY

JV set up for renewable energy power plant for refineries

NTPC and IndianOil have signed an agreement to form a JV company for meeting the power requirements of upcoming projects of the latter’s refineries. IndianOil plans to meet the additional power requirement of its refineries using round-the-clock renewable energy to the tune of 650 MW by De...

NTPC and IndianOil have signed an agreement to form a JV company for meeting the power requirements of upcoming projects of the latter’s refineries. IndianOil plans to meet the additional power requirement of its refineries using round-the-clock renewable energy to the tune of 650 MW by December 2024 through this JV, as per reports. The state-run corporations have teamed up to set up renewable energy-based power plants for IndianOil Refineries. NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, will form the JV Company for the supply of RE-RTC power to IndianOil. NGEL will be an umbrella company for consolidating NTPC’s total renewable energy businesses. Contact: IndianOil Website: iocl.com

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Infrastructure Transport

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

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Infrastructure Urban

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

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Infrastructure Urban

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..

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