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Contract and Deal Updates – January 28, 2025

ACME Solar signs PPA with NHPC for 680 MW renewable energy  ACME Solar Holdings Private Limited has signed a 25-year power purchase agreement (PPA) with NHPC Limited to develop a 680 MW firm and dispatchable renewable energy (FDRE) power project. In February 2024, ACME Solar secured the 680 MW capacity by quoting a tariff of Rs 4.64 per kWh during NHPC’s FDRE auction. Earlier, in September 2023, NHPC invited Request for Selection (RfS) bids to…

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KEC International wins Rs 10.97 billion orders for T&D

KEC International Limited, a wholly-owned subsidiary of the RPG Group, has secured new orders worth Rs 10.97 billion in the transmission and distribution (T&D) sector.  These include a 400 kV transmission line project in the UAE and the supply of towers, hardware, and poles for various projects in the Americas, including the United States, Mexico, and Brazil.

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KEC International wins Rs 17.04 billion T&D orders from PGCIL

KEC International Ltd. has secured new Transmission and Distribution (T&D) orders worth Rs 17.04 billion from Power Grid Corporation of India Limited (PGCIL).  The projects include the design, supply, and installation of 765 kV transmission lines and GIS substations. These orders bring KEC International’s year-to-date (YTD) order intake to Rs 163 billion, a 60% growth compared to the same period last year. Mr Vimal Kejriwal, MD & CEO of KEC International, stated, “We are delighted…

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KEC International secures orders worth Rs 11.14 billion across sectors

KEC International Ltd. has won orders worth Rs 11.14 billion. These include: Transmission & Distribution (T&D): Orders include a 400 kV transmission line project in Oman and supply of towers, hardware, and poles in the Americas. Cables: Orders for various cables were secured for supply in both domestic and international markets. Civil: Orders were secured in the industrial segment in India, diversifying the business’s customer base. Railways: The company received an order for Metro Overhead…

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KEC International achieves record order book of Rs 425 billion

KEC International Ltd has recorded its highest-ever order book, including L1 positions, reaching over Rs 425 billion as of November 5, 2024. The confirmed order book stands at Rs 340.88 billion, with an L1 position valued at around Rs 85 billion. From April 1 to November 5, 2024, KEC’s order inflow reached Rs 134.82 billion, marking a 50% growth over the same period in FY24. This inflow is split evenly between domestic and international orders….

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KEC International secures Rs 11.42 billion in new orders across T&D, railways, and cables

KEC International has secured new orders worth Rs 11.42 billion across its various business segments: Transmission & Distribution (T&D): Orders for projects in the Middle East and Americas, including a 380 kV transmission line in Saudi Arabia and the supply of towers, hardware, and poles in the Americas. Railways: An order for constructing bridges and associated works for a railway line in India’s conventional segment. Cables: Orders for the supply of various types of cables…