CG Power and Industrial Solutions Limited has secured a Rs 583 million contract from Power Grid Corporation of India Limited (PGCIL).
The contract covers the supply of 400kV Shunt Reactors, including 2X125MVAR, 2X80MVAR, and 2X50MVAR reactors, under the Bulk Procurement of 765kV and 400kV class transformers and reactors.
Other bidders included Bharat Heavy Electricals Limited and GE T&D India Limited.
Cyient DLM has signed a memorandum of understanding (MoU) with Arcedo Systems to establish a 500 kWp rooftop solar power plant at its Mysore facility. Arcedo Systems will handle the design, engineering, installation, and maintenance of the plant, which will operate under a long-term power purchase agreement (PPA). Cyient DLM will source solar power directly…
The National Stock Exchange (NSE) has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch monthly electricity futures contracts. This marks a key step in expanding India’s power market offerings. NSE is now the second exchange, after the Multi Commodity Exchange (MCX), to gain SEBI’s nod for electricity derivatives. The…
Sterling and Wilson Private Limited has signed a memorandum of understanding (MoU) with Korea-based Shinsung E&G to jointly pursue cleanroom and dryroom heating, ventilation, and air conditioning (HVAC) systems for semiconductor, battery, and display fabrication facilities in India and the Middle East. The partnership will focus on jointly bidding for, acquiring, and executing projects related…
Australian Premium Solar (India) Limited has secured contracts worth Rs 1,498.27 million for the supply of solar panels, photovoltaic (PV) modules, and solar inverters. The contracts include Rs 910.84 million for supplying 540 Wp bifacial solar panels (both Domestic Content Requirement (DCR) and non-DCR), solar inverters ranging from 3.3 kW to 500 Wp, and monocrystalline…
Reliance Industries Ltd (RIL) has formally acquired a 100% equity stake in Lakadia B Power Transmission Limited (LPTL), a special purpose vehicle (SPV) established for the development of the transmission system for the Augmentation of Transformation Capacity at the 765/400 kV Lakadia Substation (S/s) in Gujarat-Part B. The acquisition follows the invitation of Request for…
The European Commission has completed the first round of activities under the Hydrogen Mechanism, part of the EU Energy and Raw Materials Platform. The initial phase recorded strong participation from both hydrogen producers and offtakers, indicating growing interest in structured market development. In this round, 265 supply-side projects were registered, covering renewable and low-carbon hydrogen…