Author: PPD Team Date: 12/11/2024
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.
Author: PPD Team Date: 20/11/2024 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 Pradesh, Uttar…
Author: PPD Team Date: 03/12/2024 Siemens and Tietoevry, a Nordic digital engineering and software company, have joined forces to enhance the digital transformation of the power utilities sector in Northern and Central Europe. The collaboration integrates Siemens’ Gridscale X software platform with Tietoevry’s IT services, offering advanced solutions for grid operators to manage energy transition challenges effectively. Tietoevry’s energy solutions aim to digitalize the energy value chain, improve customer experience, enhance business performance, and boost…
Author: PPD Team Date: 10/01/2025 Toshiba Energy Systems & Solutions has been awarded a contract to supply a steam turbine and generator for Unit 2 of the Patuha geothermal power plant in West Java, Indonesia. The order was placed by Toyo Engineering’s subsidiary PT Inti Karya Persada Tehnik (IKPT), the project’s engineering, procurement, and construction contractor. Unit 2, with a gross generating capacity of 60.3MW, is scheduled to come online in 2027. This is Toshiba’s…
Author: PPD Team Date: 11/12/2024 Teerth Gopicon Private Limited has received a Letter of Award (LoA) worth Rs 2.37 billion from Rajasthan Renewable Energy Corporation Limited (RRECL) to set up 37 MW of rooftop solar photovoltaic (PV) power projects on government buildings in Baran and Pali districts. The contract, awarded on December 7, 2024, includes 11 MW in Baran and 26 MW in Pali. The scope of the project includes the design, supply, erection, testing,…
Author: PPD Team Date: 21/10/2024 Integrum Energy Infrastructure has reportedly filed a draft red herring prospectus (DRHP) for an initial public offering (IPO). The IPO will include a fresh issue of up to 4.95 million equity shares and an offer for sale of up to 0.54 million equity shares. The proceeds will be directed toward the development of a new solar plant and meeting the company’s working capital needs.
Author: PPD Team Date: 06/12/2024 India Power Corporation Limited has emerged as the lowest bidder (L1), quoting Rs 4,389.29 million for setting up a pilot project for a Thermal Energy Storage System (TESS) integrated with the NTPC Dadri Power Plant to supply 15 MW of additional power. NTPC Limited had invited bids for the project in April 2024. Oswal Infrastructure Limited ranked as the second-lowest bidder (L2) with a quote of Rs 5,535.42 million. The…