MPGIS 2025: SECI to Invest Rs 25 Bn in Madhya Pradesh

27 Feb 2025 CW Team

The Solar Energy Corporation of India (SECI), a state-owned entity, has announced plans to invest Rs 25 billion in renewable energy projects in Madhya Pradesh. The investment will be executed in phases, focusing on solar power and battery storage initiatives.

As part of this initiative, SECI has entered into a memorandum of understanding (MoU) with the Madhya Pradesh government to establish a 200 MW solar project in Dhar under the CPSU Scheme. Additionally, a 1,000 MWh battery storage project is planned for the state. The agreement was formalised during the Global Investors Summit 2025, held in Bhopal.

The 200 MW solar project is a segment of a larger 500 MW agreement signed in 2023 with MP Power Management Company (MPPMCL). Under this long-term arrangement, SECI will supply electricity to Madhya Pradesh for a duration of 25 years.

To facilitate the expansion of renewable energy infrastructure, SECI has outlined a phase-wise capital expenditure strategy amounting to Rs 25 billion. This investment is expected to enhance the state's renewable energy capacity and contribute to India's clean energy transition.

The Global Investors Summit 2025 witnessed participation from central government representatives, industry stakeholders, and delegates from various states and countries, reinforcing Madhya Pradesh’s position as a growing hub for renewable energy investments.

News source: Business Standard

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..