NTPC Limited has signed a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to jointly own and operate the Chhabra thermal power plant. The 2,320 MW plant, currently managed by RVUNL, comprises four 250 MW units (Stage 1) and two 660 MW units (Stage 2). Under this 50:50 partnership, the joint venture aims to manage the plant’s operations and explore capacity expansion opportunities.
Shilchar Technologies has completed a capacity expansion at its transformer manufacturing facility in Gavasad, Vadodara district, Gujarat. The facility’s capacity grew by 3,500 MVA in August 2024, reaching a total of 7,500 MVA annually, effective from October 1, 2024 (H2FY25). Senior management highlighted that the company is fully prepared to maximize this expanded capacity. Shilchar’s order book currently stands at approximately Rs 4.5 billion, expected to be executed over the coming nine months. Demand remains…
As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry missteps. The report points to aggressive bidding without firm power purchase agreements (PPAs) and a reliance on costly imported coal, warning that these practices could lead to financial instability reminiscent of the 2008 sector downturn. The analysis reveals that private sector expansions since FY 2010 have faced…
JSW Steel’s Board has approved an expanded power purchase agreement (PPA) to procure renewable power for a total of 2,507 MW across its sites at Vijayanagar, Dolvi, Salem, and Anjar. Of the initial 1,637 MW commitment, 375 MW has already been commissioned, with an additional 580 MW expected to come online by March 2025. The Board has now greenlit further renewable procurement, including a hybrid energy capacity of 600 MW (200 MW solar and 400…
KEI Industries Ltd has completed brownfield capacity expansions at its Chinchpada (Silvassa, Dadra Nagar Haveli, and Daman & Diu) and Pathredi (Rajasthan) cable manufacturing units in the first half (H1) of FY25. The expansions, fully commissioned between April and September 2024, have increased the company’s low-tension (LT) cable capacity to approximately Rs 9 billion annually. The company invested Rs 3.12 billion in H1 FY25, covering the brownfield projects and the greenfield plant at Sanand in…
The board of CG Power & Industrial Solutions Ltd has approved the expansion of its power transformer manufacturing capacity from 35,000 MVA to 40,000 MVA with an estimated investment of Rs 270 million. This decision, made on October 21, 2024, follows previous expansions, including an ongoing upgrade from 25,000 MVA to 35,000 MVA at its “T3” unit in Malanpur, Madhya Pradesh, expected to be completed by March 2025. In FY24, CG invested Rs 310 million…
Havells India reported a revenue increase of 22.8% year-on-year in its cables business for Q2 FY25 (July to September). Revenue reached Rs 18.05 billion, up from Rs 14.70 billion in Q2 FY24. Anil Rai Gupta, Chairman & Managing Director of Havells India, highlighted the growth across categories, driven by improving consumer demand and the festive season. However, he noted that margins were impacted due to commodity price volatility. Gupta expressed optimism about future demand, citing…
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