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Kalpataru Projects secures Rs 23.66 billion in new orders
Kalpataru Projects International Limited (KPIL) and its international subsidiaries have secured new orders worth Rs 23.66 billion. The contracts include transmission and distribution (T&D) projects in India and overseas, along with a building and factory (B&F) project in India. KPIL’s Managing Director & CEO, Manish Mohnot, highlighted the significance of winning prestigious orders in the…
JSW Energy unit secures Rs 444 crore BESS order from Bondada Renewable
JSW Energy PSP Eleven Limited (JEPEL), a step-down wholly owned subsidiary of JSW Energy Limited, has secured orders worth Rs 443.74 crore from Bondada Renewable Energy Private Limited, a wholly owned subsidiary of Bondada Engineering Limited, for the supply of Battery Energy Storage Systems (BESS) and Power Conversion Systems (PCS). According to a regulatory filing…
SUN Energy secures USD 10 million facility from SMBC Indonesia
SUN Energy has partnered with PT Bank SMBC Indonesia to obtain a USD 10 million Multi Option Trade Facility. The financing will support raw material procurement and expand solar energy projects in Indonesia’s commercial and industrial sectors. SMBC Indonesia, which disbursed nearly USD 1.1 billion in sustainable loans by September 2024, will provide financial tools…
Over 5,400 power sector cases pending across courts, APTEL and CERC
Nearly 5,407 cases involving India’s power sector are pending across judicial forums, the Appellate Tribunal for Electricity (APTEL) and the Central Electricity Regulatory Commission (CERC), while the government has said it has not quantified the overall financial and operational impact of the unresolved litigation. The Ministry of Power disclosed the figures in the Lok Sabha…
Tata Power wins contract for sale of power from Nagda solar project
Tata Power Trading Company Limited (TPTCL) has secured a contract from Power Grid Corporation of India Limited (PGCIL) for the sale of power from the 85 MW/105 MWp Nagda Solar Power Project in Madhya Pradesh. Bids for the contract were invited by PGCIL in November 2024. The scope includes selling the power procured from the…
Blupine secures Rs 24.16 bn loan for FDRE project in Karnataka
Blupine Energy Private Limited has achieved financial closure for its 150 MW firm and dispatchable renewable energy (FDRE) project in Aland, Karnataka. The company has secured debt funding worth Rs 24.16 billion from Standard Chartered Bank. Standard Chartered served multiple roles in the transaction. It was the mandated lead arranger, lender, sole green coordinator, and…
