Bharat Grid wins Rs 22.74 billion contract for smart metering in Gujarat
Author: PPD Team Date: April 2, 2025
Author: PPD Team Date: April 2, 2025
Bharat Grid Private Limited has won a contract worth Rs 22,739.73 million to provide Advanced Metering Infrastructure (AMI) services for smart prepaid metering in Paschim Gujarat Vij Company Limited (PGVCL).
The project will be executed on a design, build, finance, own, operate, and transfer (DBFOOT) basis under Phase II of the Gujarat Revamped Distribution Sector Scheme (RDSS).
REC Power Distribution Company Limited (REC PDCL) invited bids for the contract in March 2024. The project is aimed at improving power distribution efficiency and ensuring better service quality for consumers.
The Gujarat RDSS initiative focuses on enhancing power supply reliability, affordability, and financial sustainability in the distribution sector. The implementation of smart prepaid meters is expected to reduce losses, enable real-time monitoring, and promote energy conservation.
Author: PPD Team Date: March 19, 2026 APAR Industries Limited has approved two investment proposals at its board meeting held on March 18, 2026, covering capital infusion into its United States subsidiary and expansion of captive renewable capacity in Gujarat through an associate entity. US subsidiary funding The board approved an additional investment of up to USD 5 million in APAR USA LLC, a wholly owned subsidiary incorporated in Delaware and formerly known as CEMA…
Author: PPD Team Date: March 10, 2025 Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for the “Transmission system strengthening at Kurnool-III PS for integration of additional RE generation projects.” The project, awarded through Tariff-Based Competitive Bidding (TBCB), will be executed on a build, own, operate, and transfer (BOOT) basis. POWERGRID received the Letter of Intent (LoI) on March 6, 2025. The Special Purpose Vehicle (SPV) for the project is…
Author: PPD Team Date: March 11, 2026 Solex Energy Limited has received approval for its 3.78 GW solar module manufacturing facility in Surat, Gujarat, under the Approved List of Models and Manufacturers (ALMM) framework of the Ministry of New and Renewable Energy (MNRE). The listing enables the company to supply ALMM-compliant solar photovoltaic (PV) modules to government-supported solar projects in India. With the approval, the Surat manufacturing facility has been formally included as an authorised…
Author: PPD Team Date: January 15, 2026 ACME Solar Holdings Limited has designated Mr. Yogesh Kumar Sanklecha, Head Business Development, as a Senior Management Personnel (SMP) with effect from 15 January 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee through a circular resolution dated 14 January 2026. Mr. Sanklecha holds a Bachelor of Commerce degree from North Maharashtra University and a Master of Business…
Author: PPD Team Date: May 23, 2025 Power Finance Corporation (PFC) Limited reported a 15 per cent rise in its consolidated profit after tax (PAT) for FY 2024-25, reaching Rs 305.14 billion, up from Rs 264.61 billion in the previous year. The company’s loan asset book rose by 12 per cent, from Rs 9,908.2 billion to Rs 11,099.96 billion as of March 31, 2025. PFC’s consolidated net worth, including non-controlling interest, grew by 16 per…
Author: PPD Team Date: April 9, 2025 Hero Future Energies (HFE) has signed a power purchase agreement (PPA) with SJVN Limited to supply 120 MW of firm and dispatchable power. The power will come from a renewable energy project integrated with energy storage. HFE secured this capacity at a tariff of Rs 4.25 per kWh in SJVN’s 1,200 MW auction. The project will follow a build-own-operate model. It can be set up anywhere in India,…