NTPC and Avaada commit to large-scale solar, wind, and storage projects in Gujarat
Author: PPD Team Date: October 10, 2025
Author: PPD Team Date: October 10, 2025
NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited (NGEL), has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to develop solar parks and projects with a total capacity of 10 GW, alongside 5 GW of wind projects. The MoU was exchanged on 9 October 2025 during the Vibrant Gujarat Regional Conference in Mehsana, Gujarat.
On the same day, NTPC Limited also signed an MoU with the Gujarat government to explore opportunities in both conventional and non-conventional energy sectors, broadening collaboration across the state’s energy landscape.
Separately, Avaada Group signed an MoU with the Gujarat government to invest Rs 36,000 crore in solar, wind, and battery energy storage system (BESS) projects. Under this agreement, Avaada will develop 5 GW of solar, 1 GW of wind, and 5 GWh of BESS capacity across Kutch, Banaskantha, and Surendranagar districts. Project execution is planned between 2027 and 2030.
Recently, Avaada inaugurated a 280 MW solar project in Surendranagar under the Gujarat State Solar Policy. Prime Minister Narendra Modi inaugurated the project, spanning 1,170 acres across Tavi and Varsani villages with an investment of Rs 1,500 crore. The plant uses Avaada Electro’s ALMM-certified TOPCon n-type bifacial PV modules. The Prime Minister also laid the foundation for Avaada’s upcoming 100 MW solar project in Vadodara district, covering 350 acres with an investment of Rs 400 crore.
Author: PPD Team Date: November 20, 2024 NTPC Vidyut Vyapar Nigam (NVVN) has awarded contracts totalling 66 MW of solar capacity to Kirloskar Solar Technologies and Oriana Power. The projects, valued at Rs 2.91 billion, will be developed across multiple Indian states. Kirloskar Solar Technologies received contracts for 32.29 MW of ground-mounted solar projects and 14.74 MW of rooftop solar installations, amounting to Rs 2.08 billion. These projects will be set up in Chhattisgarh, Madhya…
Author: PPD Team Date: August 6, 2025 NTPC Green Energy Limited has reported two updates through regulatory disclosures. Its subsidiary secured a green ammonia supply contract, while a group firm brought 75 MW of solar power online. NTPC Renewable Energy Limited (NREL) won a tender for 70,000 metric tonnes of green ammonia per year in an e-reverse auction held by the Solar Energy Corporation of India (SECI) on August 4, 2025. The bid was awarded…
Author: PPD Team Date: September 12, 2025 Kalpataru Projects International Limited (KPIL) has won new orders worth Rs 27.2 billion across its power transmission and distribution (T&D) business. The contracts include T&D projects in both domestic and international markets, along with orders in the buildings and factories segment in India. For the first quarter of FY 2025-26, KPIL reported revenue of Rs 6,187.52 crore. Net profit stood at Rs 213.59 crore, while EBITDA was Rs…
Author: PPD Team Date: February 18, 2026 SWELECT Energy Systems Limited reported a consolidated profit after tax of Rs 9.52 crore for the third quarter of fiscal year 2026, compared with a loss of Rs 10.58 crore in the corresponding quarter last year. Total income increased 46.7% year-on-year to Rs 147.19 crore, supported by higher revenue from operations and improved efficiency. For the quarter ended December 31, 2025, revenue from operations rose to Rs 138.63…
Author: PPD Team Date: February 3, 2025 Waaree Energies Limited has reported a remarkable performance for Q3 FY 2024-25, with total income rising by 114.63% to Rs 35,452.65 million. The earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 256.97% to Rs 8,097.05 million, while profit after tax (PAT) increased by 259.98% to Rs 5,068.76 million. The EBITDA margin expanded to 22.84%, up from 13.73%, and the PAT margin improved to 14.30% from 8.52%…
Author: PPD Team Date: February 20, 2026 India and the United Kingdom have set up a joint Offshore Wind Taskforce to accelerate project implementation, strengthen supply chains, and address structural challenges in India’s offshore wind sector. The initiative was launched by Union Minister for New and Renewable Energy Pralhad Joshi along with UK Deputy Prime Minister David Lammy and British High Commissioner to India Lindy Cameron. The Taskforce has been established under the India–UK Vision…