KEC International and BNCPPL win Nagpur Metro Phase 2 contracts

04 Oct 2024 CW Team

KEC International Ltd. and BNC Power Projects Ltd. (BNCPPL) have emerged as the lowest bidders for two electrification packages, TR-02 and TR-03, under the Nagpur Metro Phase 2 project, which spans 43.8 km.

KEC International won Package TR-02 with a bid of Rs 2.07 billion, slightly exceeding the estimated Rs 2.05 billion. This package involves the design, supply, installation, testing, and commissioning of a 25kV flexible overhead equipment (OHE) system and sectioning posts across at-grade and elevated sections.

BNC Power secured Package TR-03 with a bid of Rs 3.81 billion after a discount, 10.72% above the Rs 3.44 billion estimate. It includes the installation and commissioning of a 33kV cable network, Auxiliary Substation (ASS), Receiving Substation (RSS), and SCADA system, potentially sending it to the negotiation table.

Technical bids for these packages were opened earlier this year, attracting competition from Siemens-RVNL JV, Texmaco Rail and Engineering, and Kalpataru Projects International. The contracts have a timeline of 180 weeks (approximately 3.5 years).

The Nagpur Metro Phase 2 project, aimed at expanding the city's metro network, will improve connectivity and reduce traffic congestion by linking key areas. The electrification works will play a critical role in ensuring smooth operations. Other system-related packages, such as E&M-02 and T-01, have been awarded to Colossus Infra and Rahee Infratech, respectively, as Maha-Metro accelerates the project’s construction to enhance Nagpur’s public transport infrastructure. (ET)

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..