logo
NLC India wins 450 MW wind-solar hybrid power project order from NTPC

NLC India wins 450 MW wind-solar hybrid power project order from NTPC

Business Upturn9 hours ago

By Aman Shukla Published on June 28, 2025, 10:07 IST
NLC India Limited has been awarded a significant renewable energy project by NTPC Limited. As per the Letter of Award issued on June 27, 2025, NLC India will be responsible for setting up a 450 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project. The power generated from this project will be supplied to NTPC for a period of 25 years under a long-term Power Purchase Agreement (PPA).
The hybrid project will be developed across two locations—300 MW in Bikaner, Rajasthan and 150 MW in Bhuj, Gujarat. The supply of power from the full project capacity is scheduled to commence within 24 months from the effective date of the PPA.
This order marks another step forward in India's transition towards cleaner energy sources. The project will operate entirely within India and falls under domestic contracts for power generation and supply. There is no involvement of related party transactions, and no promoter group interest in the awarding entity.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Titagarh Rail secures Rs 430.53 crore order for Pune Metro
Titagarh Rail secures Rs 430.53 crore order for Pune Metro

Business Upturn

time3 hours ago

  • Business Upturn

Titagarh Rail secures Rs 430.53 crore order for Pune Metro

By Aman Shukla Published on June 28, 2025, 15:22 IST Titagarh Rail Systems Limited, along with its associate company Titagarh Firema S.p.A, has received a Letter of Approval from Maharashtra Metro Rail Corporation Limited for the supply of 12 additional trainsets for the Pune Metro Rail Project. The order is a variation under Clause A.6 of the original contract (P1/RS-01/2018), which covers the design, manufacture, supply, testing, commissioning of electrical multiple units (EMUs), and personnel training. This latest addition brings the total order value for this variation to approximately ₹430.53 crore. This development builds on the earlier contract awarded in August 2019 and reflects Maha-Metro's continued trust in the Titagarh group for delivering high-quality rolling stock solutions. The contract is to be fulfilled within a 30-month timeframe. The order is entirely domestic and aligns with the broader infrastructure push for metro rail networks across Indian cities. With this project, Titagarh Rail Systems further strengthens its position in the urban mobility segment. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Rainbow Children's Medicare acquires majority stake in Prashanthi Hospital
Rainbow Children's Medicare acquires majority stake in Prashanthi Hospital

Business Upturn

time5 hours ago

  • Business Upturn

Rainbow Children's Medicare acquires majority stake in Prashanthi Hospital

By Aman Shukla Published on June 28, 2025, 14:30 IST Rainbow Children's Medicare Limited (RCML) has announced the acquisition of a majority stake in Prashanthi Medicare Private Limited, a reputed 100-bed NABH-accredited hospital in Warangal, Telangana. The acquisition marks a strategic expansion into tier-II cities and enhances RCML's presence in southern India. Established in 2015 by Dr. Prasanthi Macha, Prashanthi Hospital is recognized for excellence in obstetrics, gynecology, neonatology, pediatrics, and minimally invasive surgery. The hospital has built a strong regional reputation and continues to serve as a trusted destination for maternal and child healthcare in Warangal, Telangana's second-largest district. With this acquisition, RCML's total bed capacity increases to 2,035 across 20 hospitals in seven cities. The transaction, valued at approximately ₹32.60 crore (subject to working capital adjustments), is based on 9x estimated FY25 adjusted EBITDA and will be funded through internal accruals and cash reserves. RCML will acquire a 76% equity stake and 100% of the Non-convertible Redeemable Preference Shares (NCRPS), while Dr. Macha and associates will retain a 24% minority stake. Post-acquisition, the facility will operate under a dual brand: Rainbow Children's Hospital for pediatric services and Prashanthi with BirthRight for women's health services. The integration will support RCML's hub-and-spoke model, ensuring efficient referrals and clinical alignment with its Hyderabad tertiary care hub. Ahmedabad Plane Crash Rainbow Children's Medicare Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Sarda Energy receives consent to operate Coal Gasifier Plant in Raipur
Sarda Energy receives consent to operate Coal Gasifier Plant in Raipur

Business Upturn

time7 hours ago

  • Business Upturn

Sarda Energy receives consent to operate Coal Gasifier Plant in Raipur

Sarda Energy & Minerals Limited has recently informed exchanges that the company received approval from the Chhattisgarh Environment Conservation Board (CECB), Raipur, to operate its Coal Gasifier Plant. The consent has been granted under the provisions of the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act, 1981. According to the disclosure, the consent covers the operation of a Coal Gasifier Plant with a capacity of 3,606.15 Nm³/hr. The unit is intended for use at the company's Pellet Plant located in Raipur, Chhattisgarh. This regulatory approval allows Sarda Energy & Minerals to proceed with operations at the specified capacity in accordance with environmental compliance requirements. In the meantime, Sarda Energy & Minerals shares closed at ₹450.20 on Friday. The stock opened at ₹448.50 and touched a high of ₹452.00 during the day, while the low stood at ₹444.85. The company's 52-week high is ₹563.45, and the 52-week low is ₹229.50. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store