Adani Group secures 6600 MW electricity supply

16 Sep 2024 CW Team

In a significant development for Maharashtra's power sector, Adani Group has been awarded the contract to supply 6600 megawatts (MW) of electricity to the state. The winning bid offers a tariff of Rs 4.08 per unit, positioning Adani Group ahead of other major contenders, including JSW and Torrent, in a competitive auction process.

This contract marks a major milestone for Adani Group, reflecting its growing influence and capability in the energy sector. The bid’s competitive pricing is expected to provide substantial benefits to Maharashtra, helping the state manage its electricity needs more efficiently while potentially reducing costs for consumers.

The electricity supply deal is a part of Maharashtra's strategy to diversify its power sources and ensure a stable and cost-effective supply. With the increasing demand for electricity in urban and industrial areas, securing such large-scale contracts is crucial for maintaining the balance between supply and demand and ensuring energy security.

The awarded tariff of Rs 4.08 per unit is considered competitive in the current market, reflecting Adani Group's ability to deliver energy at a lower cost compared to its rivals. This win not only enhances Adani's position in the energy sector but also aligns with the state’s objective to enhance its power procurement strategy.

As Maharashtra moves forward with this agreement, it is anticipated that the state will benefit from improved power availability and potentially lower energy costs. Adani Group’s success in this bid highlights the company's growing role in India’s energy market and its commitment to meeting the country’s expanding energy requirements.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..