Axis AMC and Tishman Speyer Acquire 1.5 Acres in Chennai's Fintech City

KEC International Wins Rs. 10.14 bn T&D Orders in India

KEC International has secured new orders worth Rs. 10.14 bn in India’s transmission and distribution (T&D) business, the company said on October 10. The awards include its first order to establish a 765 kV transmission line for evacuating electricity from a pumped storage plant in Western India. The company said the orders were received in the normal course of business. In separate filings with the National Stock Exchange of India and BSE, Suraj Eksambekar, company secretary and compliance officer, confirmed that the projects mentioned in the announcement formed part of routine business oper..

Telangana Approves 3,000 MW Solar Projects with Battery Storage

The Telangana government has approved the procurement of 3,000 MW of solar power integrated with 6,000 MWh of Battery Energy Storage System (BESS) capacity for 25 years. The procurement will be undertaken through the Telangana Renewable Energy Development Corporation (TGRedco). The energy department issued a government order authorising the procurement through competitive bidding. Private developers will be selected to develop, finance, own and operate the projects, while the state’s distribution licensees will purchase the electricity at tariffs discovered through the bidding process. The o..

Rajesh Power Services Wins Rs. 4.72 bn Gujarat Distribution Order

Rajesh Power Services has secured turnkey contracts valued at Rs. 4.72 bn from Madhya Gujarat Vij Company (MGVCL) to strengthen electricity distribution infrastructure across Gujarat. The order, inclusive of taxes, will be executed over 18 months and takes the company’s aggregate order book to nearly Rs. 40 bn. It also adds more than 10 per cent to the order book in a single award. The contracts cover the conversion of existing high-tension 11 kV overhead lines into medium-voltage covered conductor (MVCC) systems, along with the development of underground cable networks at various locations...