Latest news with #BalanceofPlant
Business Upturn
6 days ago
- Business
- Business Upturn
BGR Energy receives contract termination from TN Power Corp for major Chennai project worth Rs 2,600 crore
BGR Energy Systems has announced that it has received a termination letter from Tamil Nadu Power Generation Corporation Ltd (TNPGCL), formerly known as TANGEDCO. The termination relates to the ₹2,600.02 crore EPC contract awarded for the Balance of Plant (BOP) and allied civil works at the 1 x 800 MW North Chennai Super Critical Thermal Power Project, Stage III. The official termination order was dated July 18, 2025, and was received by the company on July 22, 2025. In the exchange filings, BGR Energy Systems shared, 'We hereby inform you that the company has received 'termination of contract' letter from Tamil Nadu Power Generation Corporation Ltd (TNGCPL) (erstwhile TANGEDCO). This is with respect to establishment of 1 x 800 MW North Chennai Super Critical Thermal Power Project, Stage III – Balance of Plant (BOP) package along with allied civil works EPC contract of value Rs 2600.02 Crores' According to the disclosure, TNPGCL cited key project obligations not being fulfilled, incomplete critical systems, and lapses in insurance renewals and guarantee extensions as the reasons behind the decision. BGR Energy, however, noted that the matter is currently under arbitration before the Hon'ble High Court of Madras and expressed hope for a favorable resolution. The company also clarified that the termination does not have any significant impact on its financials or operations at this stage. 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
Time of India
25-06-2025
- Business
- Time of India
Greenzo Energy secures ₹320 crore order from Oswal Energies for green hydrogen project
Greenzo Energy India Ltd. has secured an order worth ₹320 crore from Oswal Energies Ltd. for supplying electrolysers and Balance of Plant (BoP) equipment for a 20 MW green hydrogen facility, the company said in a statement. The project will be executed under the Build-Operate-Transfer (BOT) model. Greenzo Energy will manufacture and supply indigenously developed electrolysers and BoP systems, while Oswal Energies will undertake engineering, procurement and construction (EPC) responsibilities. 'This order marks more than a business transaction—it's a decisive step toward India's clean energy future. By partnering with Greenzo for this hydrogen project, we're investing in sustainable, indigenous technology that will power industries and reinforce our commitment to a greener, self-reliant India,' said Ratan Bokadia, Managing Director, Oswal Energies. 'This partnership represents a shared vision to create green hydrogen infrastructure that is scalable, efficient, and aligned with India's net-zero ambitions. Oswal's proven EPC capabilities and global track record, combined with Greenzo's next-generation hydrogen technologies, form a powerful alliance. Together, we aim to build a benchmark project that reflects India's leadership in clean energy manufacturing and execution,' said Sandeep Agarwal, Managing Director, Greenzo Energy India Ltd. Greenzo Energy manufactures electrolysers and integrated hydrogen systems and offers turnkey clean energy solutions . The company focuses on indigenous innovation and cost-efficient green hydrogen production through BOT models for deployment across sectors including chemicals, refineries and mobility. Oswal Energies, established in 2013 and headquartered in Ahmedabad, is an EPC firm operating in oil, gas and clean energy sectors. The company has executed over 250 projects globally across upstream, midstream and downstream hydrocarbon facilities as well as green hydrogen, carbon capture, and compressed biogas installations. It services clients including Shell, ExxonMobil, ONGC, Linde, and Cairn Oil & Gas.
Time of India
25-06-2025
- Business
- Time of India
Greenzo Energy secures ₹320 crore order from Oswal Energies for green hydrogen project
New Delhi: Greenzo Energy India Ltd. has secured an order worth ₹320 crore from Oswal Energies Ltd. for supplying electrolysers and Balance of Plant (BoP) equipment for a 20 MW green hydrogen facility, the company said in a statement. The project will be executed under the Build-Operate-Transfer (BOT) model. Greenzo Energy will manufacture and supply indigenously developed electrolysers and BoP systems, while Oswal Energies will undertake engineering, procurement and construction (EPC) responsibilities. 'This order marks more than a business transaction—it's a decisive step toward India's clean energy future. By partnering with Greenzo for this hydrogen project, we're investing in sustainable, indigenous technology that will power industries and reinforce our commitment to a greener, self-reliant India,' said Ratan Bokadia, Managing Director, Oswal Energies. 'This partnership represents a shared vision to create green hydrogen infrastructure that is scalable, efficient, and aligned with India's net-zero ambitions. Oswal's proven EPC capabilities and global track record, combined with Greenzo's next-generation hydrogen technologies, form a powerful alliance. Together, we aim to build a benchmark project that reflects India's leadership in clean energy manufacturing and execution,' said Sandeep Agarwal, Managing Director, Greenzo Energy India Ltd. Greenzo Energy manufactures electrolysers and integrated hydrogen systems and offers turnkey clean energy solutions . The company focuses on indigenous innovation and cost-efficient green hydrogen production through BOT models for deployment across sectors including chemicals, refineries and mobility. Oswal Energies, established in 2013 and headquartered in Ahmedabad, is an EPC firm operating in oil, gas and clean energy sectors. The company has executed over 250 projects globally across upstream, midstream and downstream hydrocarbon facilities as well as green hydrogen, carbon capture, and compressed biogas installations. It services clients including Shell, ExxonMobil, ONGC, Linde, and Cairn Oil & Gas.
