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Inox Wind wins 550 MW wind project from IGREL Renewables

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Inox Wind (IWL) has received a letter of intent (LoI) from IGREL Renewables to execute 550 MW of wind capacity on a turnkey basis. The project, to be completed within 24 months, will cover multiple sites in Gujarat, Rajasthan, and Madhya Pradesh.

IWL will handle the supply, installation, and commissioning of wind turbine generators (WTGs), along with providing multi-year operations and maintenance (O&M) services post-commissioning. This latest order adds to a previous 200 MW order, taking Inox Wind’s total order book to over 3.5 GW. 

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Ocean Winds submits planning application for 2 GW offshore wind farm

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Ocean Winds (OW) has submitted its first planning consent application for onshore works to Aberdeenshire Council for the 2 GW Caledonia offshore wind project in Scotland.  This follows the completion of the project’s environmental impact assessment (EIA), which includes detailed studies of both onshore and offshore infrastructure. The onshore component of the Caledonia project includes a substation and underground cables to transmit power generated by the offshore facility. Aberdeenshire Council has opened a formal public…

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NCLT approves Sarda Energy’s Rs 22 billion acquisition of SKS Power 

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The National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt SKS Power Generation by Sarda Energy & Minerals for Rs 22 billion. This acquisition allows Indian banks, which have an exposure of Rs 18.9 billion, to recover their entire amount from the electricity generation firm. SKS Power Generation owns a 600-MW power plant in Chhattisgarh, currently operated by NTPC. The committee of creditors, led by State Bank of India (SBI) and Bank of…

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EuroGroup to acquire 40% stake in India’s Kumar Precision Stampings

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Italian electric motor component maker EuroGroup Laminations (EGLA) is set to acquire a 40% stake in India’s Kumar Precision Stampings.   Milan-based EGLA specializes in stators and rotors, key components of electric motors and generators, supplying major automotive and industrial manufacturers, including Volkswagen, Renault, Ford, GM, and a major undisclosed U.S.-based EV maker. EGLA will invest EUR 19.9 million for the stake in Kumar, which also produces stators and rotors for various industrial applications, facilitating EGLA’s…

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HG Infra declared qualified bidder by NTPC Vidyut Vyapar

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HG Infra Engineering has been declared the qualified bidder by NTPC Vidyut Vyapar Nigam for 185 MW/370 MWh as part of a 500 MW/1000 MWh standalone battery energy storage system (BESS) project.  The project is supported by viability gap funding, and the tariff rate is set at Rs 2.38 million per MW per month. The contract is scheduled for completion in 1.5 years.

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CMPDI invites bids for 5 MW floating solar project in West Bengal

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The Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India, has invited bids to develop a 5 MW grid-connected floating solar project at the quarry sump of Dalmia OCP in the Salanpur Area of West Bengal for Eastern Coalfields. The last date for bid submission is October 24, 2024. The project has an estimated tender value of Rs 310.14 million, with bidders required to submit an earnest money deposit of Rs 3.87…

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Congress accuses government of breaking promise on Nagarnar Steel Plant privatization

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The Congress party has accused the government of reneging on its promise to keep the Nagarnar Steel Plant in Chhattisgarh’s Bastar region under public ownership. Jairam Ramesh, Congress General Secretary, cited a media report indicating that the Union Ministry of Finance is likely to invite bids for privatizing NMDC Steel (NSL) within the next two months. Ramesh criticized the move, pointing out that Prime Minister Narendra Modi had assured on October 3, 2023, that the…

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