KEC International, TRIL, and HPL secure major contracts in T&D sector
Author: PPD Team Date: March 21, 2025
Author: PPD Team Date: March 21, 2025
KEC International Limited has won a contract from Power Grid Corporation of India Limited (PGCIL) for the construction of an 800 kV high voltage direct current (HVDC) and 765 kV transmission line. The contract was awarded on March 15, 2025.
Transformers and Rectifiers India Limited (TRIL) has secured a Rs 7.26 billion contract from Gujarat Energy Transmission Corporation Limited (GETCO) for the supply of auto transformers and bus reactors. The contract, awarded on March 17, 2025, is expected to be completed within 18 months.
HPL Electric and Power Limited (HPL) has won a Rs 3.69 billion contract for the supply of smart meters. The project will be executed as per the terms and conditions of the purchase order or supply agreement, contributing to India’s smart grid infrastructure.
Author: PPD Team Date: January 10, 2025 Uniper has completed the sale of its 428MW Gönyű gas-fired power plant in Hungary to French utility Veolia. The financial terms were not disclosed. The transaction transferred 100% of Uniper Hungary Energetikai’s shares to Veolia Invest Hungary, an affiliate of Veolia, following a February 2024 agreement. The Gönyű plant, operational since 2011, was refurbished in 2017 and 2021. Veolia’s acquisition expands its portfolio to 2.4 GW, enough to…
Author: PPD Team Date: March 10, 2026 The Ministry of Environment, Forest and Climate Change (MoEFCC) has amended the environmental clearance for KSK Mahanadi Power Company’s 3,600 MW coal-based thermal power plant in Janjgir-Champa district, Chhattisgarh, introducing a new requirement to install 10 MW of solar capacity as part of the project’s environmental compliance. The condition requires the developer to set up 4 MW of rooftop solar capacity by the financial year 2028 and an…
Author: PPD Team Date: January 20, 2025 Waaree Renewables Technologies Limited reported a net profit of Rs 0.53 billion for the quarter ending December 2024, a 17.18% decrease compared to Rs 0.64 billion in the same quarter last year. The company’s total income rose by 11.66% to Rs 3.64 billion during the quarter, up from Rs 3.25 billion in the corresponding period of 2023.
Author: PPD Team Date: September 26, 2025 CESC Limited will raise Rs 300 crore through 30,000 non-convertible debentures (NCDs) via private placement. Each debenture has a face value of Rs 1 lakh, is senior, secured, rated, unlisted, and carries a three-year tenure. The NCDs will offer a floating coupon of 3-month Treasury Bill rate plus 2.30% per annum, paid quarterly. In case of default, an extra 2% per annum applies. Allotment is set for September…
Author: PPD Team Date: March 23, 2026 Gujarat Urja Vikas Nigam Limited (GUVNL) has awarded 625 MWp of solar capacity at a tariff of Rs 2.34 per unit, with Welspun Renewable Energy and NLC India Limited securing 300 MW each. The bids were finalised around five months after the tender was issued in November last year. The discovered tariff is lower than GUVNL’s previous solar auction, which closed at Rs 2.60/kWh and saw allocations to…
Author: PPD Team Date: November 28, 2025 Laser Power and Infra Ltd has announced three new project mandates worth Rs 836 crore under the Revamped Distribution Sector Scheme (RDSS). The orders were placed by NTPC and two state discoms and will support system strengthening and loss reduction efforts in Uttar Pradesh, Jammu and Kashmir, and Rajasthan. The largest mandate comes from Kanpur Electricity Supply Company in Uttar Pradesh, valued at Rs 422.11 crore. The company…