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India’s interregional electricity transfer grows 7.8% in H1FY25

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The interregional electricity transfer in India grew 7.8% year-on-year in the first half (H1: April to September) of FY25, reaching 134,714 MU (million units), up from 123,918 MU in H1FY24, according to Grid Controller of India Ltd (GRID-INDIA). Key Highlights: WR-NR transfers: Exports from the Western Region (WR) to the Northern Region (NR) surged by 34.3%, totalling 54,099 MU in H1FY25, representing 40.2% of the total interregional transfers, up from 32.5% in H1FY24. Western Region…

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Apar Industries to triple Continuous Transposed Conductor capacity by FY26

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Apar Industries Ltd has announced plans to expand its Continuous Transposed Conductor (CTC) production capacity to meet increasing demand driven by government prioritization of power and generation equipment. The expansion will triple the company’s CTC capacity from 7,350 tonnes per year to 20,490 tonnes by Q3FY26. The current capacity of 7,350 tonnes, utilized at 98%, will be augmented in phases. By March 2025 (end of FY25), an additional 5,160 tonnes will be operational. A further…

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Sterlite Power and Infravision partner to modernize India’s power transmission infrastructure

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Sterlite Power has teamed up with Infravision to modernize India’s power transmission infrastructure using advanced, technology-driven construction methods.  India’s plan to build 50,000 ckm of transmission lines by 2030 underscores the need for efficient, scalable solutions, and Sterlite Power aims to be a key player in this transformation. Through this partnership, Infravision will provide its innovative transmission construction technology to support 100% of Sterlite Power’s stringing needs across high-voltage projects, ranging from 400 kV to…

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GE Vernova T&D India quadruples order inflows in Q2 FY25

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GE Vernova T&D India Ltd reported a significant rise in order inflows for Q2 FY25, reaching Rs 46.82 billion, over four times the Rs 10.82 billion recorded in Q2 FY24.  For the first half of FY25 (April-September), orders grew by 173 per cent to Rs 57.11 billion from Rs 20.88 billion in H1 FY24, with domestic orders accounting for 53 per cent. As of September 30, 2024, GE Vernova’s order book stood at Rs 98.36…

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RECPDCL forms two SPVs for ISTS projects in Karnataka and Tamil Nadu

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REC Power Development & Consultancy Ltd (RECPDCL), as the bid process coordinator, has launched two wholly-owned subsidiaries to act as special purpose vehicles (SPVs) for ISTS-TBCB schemes currently under bidding. These SPVs, Bidar Transco Ltd and Tuticorin Power Transmission Ltd, will support crucial transmission upgrades and green energy integration. Project SPV Details: Bidar Transco Ltd Incorporation Date: November 5, 2024 Scheme: Augmentation of transformation capacity with 3×500 MVA, 400/220kV and 1×1500 MVA, 765/400kV ICTs at…

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IndiGrid reports Rs 651 billion bid pipeline, expands BESS portfolio with new projects

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India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes interstate transmission system (ISTS) projects with issued requests for proposal (RfP). Additionally, IndiGrid sees an estimated Rs 35 billion opportunity in the battery energy storage system (BESS) market, primarily from projects in Gujarat and Uttar Pradesh. In Q2FY25, IndiGrid announced a partnership with British International…

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Rajesh Power Services files DRHP for IPO on BSE SME

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Rajesh Power Services Ltd (RPSL) has filed its draft red herring prospectus (DRHP) with BSE SME for an initial public offering (IPO).  The IPO includes a fresh issue of 2.79 million equity shares, each with a face value of Rs 10, and an offer for sale of up to 2 million equity shares, also with a face value of Rs 10, through the book-building route. The selling shareholders include Beena Panchal, Krunal Panchal, Nehal Panchal,…

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Aravinda Electricals emerges as L1 bidder for substation project in Uttarakhand

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Aravinda Electricals Infra has emerged as the lowest bidder (L1) for a project by Power Transmission Corporation of Uttarakhand (PTCUL).  The project involves constructing a 220 kV Gas-insulated Substation (GIS) in Ghansali. The company’s quoted bid value is Rs 1.73 billion.

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Tata Power secures LoI from RECPDCL for power transmission project

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Tata Power Limited has received a letter of intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, to acquire the special purpose vehicle (SPV) ERES-XXXIX Power Transmission Limited.  The project, to be developed on a build-own-operate-transfer (BOOT) basis, will offer transmission services for 35 years starting from the commercial operation date scheduled for December 31, 2027. The project includes the construction of a 2×1500 MVA, 765/400 kV gas-insulated switchgear…

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PGCIL formally acquires project SPV for “Rajasthan IV H1” ISTS scheme

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On October 15, 2024, Power Grid Corporation of India Ltd (PGCIL) was awarded the project SPV “Rajasthan IV H1 Power Transmission Ltd” by RECPDCL, the bid process coordinator, under the tariff-based competitive bidding (TBCB) route.  PGCIL will develop the transmission project on a BOOT (Build, Own, Operate & Transfer) basis. The project involves establishing substations in Madhya Pradesh, including 765/400kV, 400/220kV, and 220/132kV substations with associated reactors. The project aims for completion within 24 months….