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Kalpataru Projects secures Rs 22.73 billion in new orders

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Kalpataru Projects International Limited (KPIL) has announced new orders totalling Rs 22.73 billion across domestic and international markets.  The orders, awarded to KPIL along with its joint ventures and subsidiaries, cover Transmission & Distribution (T&D) projects globally and residential building projects within India.  According to MD & CEO Manish Mohnot, these new contracts strengthen KPIL’s standing in the T&D sector, with year-to-date order inflows amounting to approximately Rs 141 billion, 56% of which is from…

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Insolation Energy secures Rs 714 million order for solar PV modules

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Insolation Energy Ltd., via its wholly-owned subsidiary Insolation Green Energy Private Limited, has received a Rs 714 million purchase order from ACME Cleantech Solutions Private Limited.  The order is for the supply of solar PV modules. Recently, Insolation Energy won a contract valued at Rs 5 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to install 77 MW of rooftop solar power systems across Rajasthan. 

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Patel Engineering reports 151% profit surge in Q2 FY25

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Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25.  For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net profit margin improved to 6.88%. The company’s order book stood at Rs 172,607 million, with Patel Engineering recently being declared…

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L&T and BHEL bid for Kudankulam Nuclear Power Plant reactor systems

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Larsen & Toubro Limited (L&T) and Bharat Heavy Electricals Limited (BHEL) have submitted bids to Nuclear Power Corporation of India Limited (NPCIL) for the erection of nuclear reactor systems and turbine systems for Units 5 and 6 of the Kudankulam Nuclear Power Plant in Tirunelveli, Tamil Nadu. NPCIL initiated the bidding process in April 2024. The project scope involves the installation of key systems, including generators, condensers, seawater systems, polar and trestle cranes, as well…

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BHEL secures contract for Telangana Stage-II thermal power plant

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Bharat Heavy Electricals Ltd (BHEL) has secured a contract from NTPC Ltd to establish the main plant package for the 3×800 MW Telangana Stage-II supercritical thermal power plant.  The contract encompasses design, engineering, manufacturing, supply, erection, commissioning, and civil construction.  BHEL has received a Limited Notice to Proceed (LNTP) from NTPC to commence basic engineering work for the main plant package. Before this contract, BHEL had contributed to over 57% of NTPC’s thermal power installations…

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L&T secures Rs 150 billion NTPC contract for thermal power plants

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Larsen & Toubro’s (L&T) Energy CarbonLite Solutions division has received a ‘Limited Notice to Proceed’ (LNTP) from NTPC to develop thermal power plants valued at over Rs 150 billion.  The contract includes main plant packages for a 2×800 MW Stage-II thermal power plant in Gadarwara, Madhya Pradesh, and a 3×800 MW Stage-II thermal power plant in Nabinagar, Bihar. The project scope encompasses the design, engineering, manufacturing, supply, erection, and commissioning of boilers, turbines, electrostatic precipitators…

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Waaree Renewable secures 41.6 MW solar project in Tamil Nadu

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Waaree Renewable Technologies Ltd (WRTL) has secured an order to establish a 41.6 MW solar project in Cuddalore, Tamil Nadu.  The project, valued at approximately Rs 1.47 billion, is scheduled for completion in the fiscal year 2025-26.  This initiative involves setting up an independent regional power production (IPP) unit.

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Power Grid acquires Bikaner A and B Transmission Projects for Rajasthan REZ

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Power Grid Corporation of India Ltd (PGCIL) has acquired Bikaner A Power Transmission Ltd (BATPL) and Bikaner B Power Transmission Limited, both established to support the “Transmission system for evacuation of power from Rajasthan REZ Phase IV (Part-3: 6 GW) [Bikaner complex]” on a build, own, operate, and transfer (BOOT) basis.  The acquisition from REC Power Development and Consultancy Limited (RECPDCL), the bid process coordinator, was completed on November 11, 2024.

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Sugs Lloyd wins Rs 3 billion power infrastructure projects in Bihar

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Sugs Lloyd has emerged as the lowest bidder for two Bihar government projects worth Rs 3 billion. The contracts include the supply, installation, testing, and commissioning (SITC) of a power substation along with high-tension (HT) and low-tension (LT) lines.  CEO Satyakam Basu expressed excitement over this milestone, noting that the company is considering an IPO to expand operations and fulfil working capital needs.