Latest news with #BatteryEnergyStoragePurchaseAgreement
Business Upturn
3 days ago
- Business
- Business Upturn
Oriana Power wins Rs 212 crore order from KPTCL for 50 MW/100 MWh battery storage project in Karnataka
By Aman Shukla Published on July 14, 2025, 10:02 IST Oriana Power Ltd has received a significant Letter of Award (LOA) from Karnataka Power Transmission Corporation Limited (KPTCL) to set up a standalone Battery Energy Storage System (BESS) project with a cumulative capacity of 50 MW/100 MWh. The project, located at the Shahapur Taluk Yadagir substation in Karnataka, will be implemented under the Build-Own-Operate (BOO) model. This ₹212.31 crore project (inclusive of GST) will be executed over a 12-year period from its scheduled commissioning date. Oriana Power is expected to complete the project within 15 months of signing the Battery Energy Storage Purchase Agreement (BESPA). It will also receive a Viability Gap Funding (VGF) of ₹27 crore, based on the current estimated project cost. The BESS installation is designed for two-cycle daily charge-discharge operations and will help enhance grid stability, reduce blackout risks, and improve power efficiency in the region. The contract was awarded through a tariff-based competitive bidding process. This project marks a key step in Oriana Power's expansion into India's clean energy storage segment and reflects its commitment to sustainable power solutions. 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
Mint
02-07-2025
- Automotive
- Mint
Stocks to watch: Maruti Suzuki, Hyundai Motor, Raymond Realty, Lupin among shares in focus today
The company reported a 6% year-on-year decline in total sales for June, with sales falling to 167,993 units compared to 179,228 units in June 2024. Hyundai Motor India recorded a 13% year-on-year increase in exports, with overseas shipments accounting for 26.7% of its total sales in the first quarter of FY2026. SBI Cards announced that it has received a show cause notice from the Additional Commissioner (East 1) of CGST Gurugram, which proposes to deny input tax credit (ITC) worth ₹ 81.93 crore. Hero MotoCorp recorded total sales of 5.54 lakh units in June 2025, reflecting a 10% increase compared to the 5.03 lakh units sold in the same month last year. Norges Bank offloaded shares worth ₹ 41.5 crore in the company, while the parent entity was also involved in a flurry of deals totaling ₹ 221 crore. JSW Renew Energy Thirty Seven, a subsidiary of JSW Energy, has signed a Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) for a standalone Battery Energy Storage System (BESS) with a capacity of 250 MW/500 MWh. Nodwin Gaming, a subsidiary of Nazara Technologies, has finalized the acquisition of a 92.3% ownership stake in AFK Gaming Pvt Ltd. The company has been issued a show cause notice by the CGST Commissionerate in Ludhiana over alleged tax dues totaling ₹ 51.87 crore. Lupin has secured approval from the US FDA for its loteprednol etabonate ophthalmic gel, a medication used after eye surgery. The company delivered robust results in the first quarter of FY2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
24-06-2025
- Business
- Mint
Multibagger small-cap stock hits 5% upper circuit on ₹836 crore green energy order win
Stock Market Today: Multibagger small-cap stock hits 5% upper circuit on ₹ 836 crore order win. Check details about mega order win by Bondada Engineering Limited Bondada Engineering on Tuesday, 24 June 2025, announced having won a large green energy storage order worth ₹ 836 crore. Bondada Engineering, in its release on the BSE, or Bombay Stock Exchange, announced receipt of a letter of award from Tamil Nadu Green Energy Corporation Limited. As per the release, Bondada Engineering Limited has obtained a Letter of Authorization (LOA) from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) to establish Battery Energy Storage Systems (BESS). Bondada Engineering highlighted that this is the highest storage capacity order in the history of the company in BESS business line, marking a significant step towards creating bigger battery energy storage systems as a part of the company's vision to reach 10 GW capacity in green space by 2030. The project would install 400 MWh of standalone grid-scale BESS facilities at two strategic locations in Tamil Nadu State, i.e., at Vellalaviduthi and at Thennampatty. As per Bondada Engineering, Tamil Nadu's clean energy transition will be accelerated by the program, which aims to manage peak power demand, integrate renewable energy, and improve grid stability. After TNGECL held a competitive tendering procedure, Bondada Group emerged as the successful bidder, and the project will be carried out under the build-own-operate (BOO) model. 'This project marks a key milestone for Bondada Group in the energy storage segment and reflects our strong commitment to advancing India's clean energy ecosystem,' as per Bondada Engineering. The broad consideration for this order from Tamil Nadu Green Energy Corporation Limited shall be Rs. 8,36,00,64,000/- (Rupees Eight Hundred Thirty Six Crore Sixty Four Thousand Only) (including GST) over a period of 12 years. The time period in which the order is to be executed stands at 18 months from the execution of the Battery Energy Storage Purchase Agreement. Bondada Engineering share price opened at ₹ 456 on the BSE on Tuesday and at the time of opening was higher compared to the previous day's closing price of ₹ 444.10 for Bondada Engineering share price. The Bondada Engineering share price thereafter rose to an intraday high of ₹ 466.30, which translated into gains of 5%. The upper price band for Bondada Engineering share price also stands at 5%; the stock was locked in the upper circuit. Bondada Engineering share price, which has gained 1322% in last 5 years, has given multibagger returns to the investors.
Time of India
24-06-2025
- Business
- Time of India
Battery storage TN closer to reality, as three firms bag tender for 1000MWh systems
Chennai: Tamil Nadu moved a step closer to achieving the storage of excess green power, as three companies won the tender floated by TN Green Energy Corporation Ltd (TNGECL) to set up a 1,000 MWh battery storage system in the state. NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited (NLCIL), was awarded a 500 MWh battery energy storage system . Bondada Engineering Ltd won the bid to set up a 400 MWh battery system, while Oriana Power will set up a 100 MWh battery system. These companies can store 1 lakh million units of electricity to release it in two cycles when the power demand peaks. TNGECL MD Aneesh Sekhar said that the winning bidders should connect the fully developed battery systems to the grid in 18 months. NLC India Limited (NLCIL) said that their project involves the development of three standalone battery storage systems with a combined capacity of 250 MW / 500 MWh. These systems will be established at the 400/230/110 kV substations in Ottapidaram, Anuppankulam, and Kayathar, all located in the state. The battery energy storage systems will be implemented under the Build-Own-Operate (BOO) model and were awarded through a tariff-based competitive bidding process as part of the state component of the Viability Gap Funding (VGF) scheme. Tamil Nadu has an installed capacity of nearly 19,000 MW of wind and solar energy, making battery storage a viable option. TNPDCL officials said the battery storage system will help store excess renewable energy during off-peak hours and discharge when the power demand peaks. This will reduce grid instability, prevent blackouts, and enhance the efficiency of Tamil Nadu's clean energy network, said an official. TNPDCL will procure energy storage services from NIRL through a long-term Battery Energy Storage Purchase Agreement (BESPA) for a period of 12 years. NLC India Limited earlier commissioned an 8 MWh BESS integrated with a 20 MW solar project in the Andaman Islands. That project played a key role in reducing diesel consumption and improving power reliability in the region, the firm said.
Mint
24-06-2025
- Business
- Mint
Multibagger small-cap stock hits 5% upper circuit on ₹836 crore green energy order win
Stock Market Today: Multibagger small-cap stock hits 5% upper circuit on ₹ 836 crore order win. Check details about mega order win by Bondada Engineering Limited Bondada Engineering on Tuesday, 24 June 2025, announced having won a large green energy storage order worth ₹ 836 crore. Bondada Engineering, in its release on the BSE, or Bombay Stock Exchange, announced receipt of a letter of award from Tamil Nadu Green Energy Corporation Limited. As per the release, Bondada Engineering Limited has obtained a Letter of Authorization (LOA) from M/s. Tamil Nadu Green Energy Corporation Limited (TNGECL) to establish Battery Energy Storage Systems (BESS). Bondada Engineering highlighted that this is the highest storage capacity order in the history of the company in BESS business line, marking a significant step towards creating bigger battery energy storage systems as a part of the company's vision to reach 10 GW capacity in green space by 2030. The project would install 400 MWh of standalone grid-scale BESS facilities at two strategic locations in Tamil Nadu State, i.e., at Vellalaviduthi and at Thennampatty. As per Bondada Engineering, Tamil Nadu's clean energy transition will be accelerated by the program, which aims to manage peak power demand, integrate renewable energy, and improve grid stability. After TNGECL held a competitive tendering procedure, Bondada Group emerged as the successful bidder, and the project will be carried out under the build-own-operate (BOO) model. 'This project marks a key milestone for Bondada Group in the energy storage segment and reflects our strong commitment to advancing India's clean energy ecosystem,' as per Bondada Engineering. The broad consideration for this order from Tamil Nadu Green Energy Corporation Limited shall be Rs. 8,36,00,64,000/- (Rupees Eight Hundred Thirty Six Crore Sixty Four Thousand Only) (including GST) over a period of 12 years. The time period in which the order is to be executed stands at 18 months from the execution of the Battery Energy Storage Purchase Agreement. Bondada Engineering share price opened at ₹ 456 on the BSE on Tuesday and at the time of opening was higher compared to the previous day's closing price of ₹ 444.10 for Bondada Engineering share price. The Bondada Engineering share price thereafter rose to an intraday high of ₹ 466.30, which translated into gains of 5%. The upper price band for Bondada Engineering share price also stands at 5%; the stock was locked in the upper circuit. Bondada Engineering share price, which has gained 1322% in last 5 years, has given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
