Latest news with #GujaratUrjaVikasNigam
Business Standard
15-07-2025
- Business
- Business Standard
KPI Green gains on securing LoI from GUVNL for 150 MW wind power project
KPI Green Energy added 3.31% to Rs 544.95 after the company has received the letter of intent (LoI) from Gujarat Urja Vikas Nigam (GUVNL) for the development of 150 MW gridconnected wind power projects. The power purchase agreement (PPA) with GUVNL shall be executed upon obtaining the requisite approval from the Gujarat Electricity Regulatory Commission (GERC). The company will execute the project in accordance with the terms and conditions outlined in RFS No. GUVNL/250 MW/Wind (Phase IX), issued by GUVNL on 18 January 2025, it added. The company confirmed that none of the promoter, promoter group, or group companies has any interest in the entity that awarded the order. It further stated that the order does not fall under related party transactions. KPI Green Energy develops, builds, owns, operates, and maintains solar and hybrid power plants as an Independent Power Producer (IPP) and as a service provider to Captive Power Producers (CPP) under the brand name of 'Solarism.'
Business Standard
22-04-2025
- Business
- Business Standard
HG Infra bags a BESS project of 300 MW/ 600 MWH
From Gujarat Urja Vikas NigamH.G. Infra Engineering has been declared as a qualified bidder by the Gujarat Urja Vikas Nigam for 300 MW/600 MWH out of the project of 500 MW/1000 MWh for setting up of Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-VI). Powered by Capital Market - Live News
Business Standard
22-04-2025
- Business
- Business Standard
H.G. Infra Engg gains on emerging as qualified bidder for Gujarat battery storage project
H.G. Infra Engineering advanced 2.26% to Rs 1,165.50 after the company announced that it had been declared a qualified bidder for a major battery energy storage project in Gujarat. In a regulatory filing, the company stated that Gujarat Urja Vikas Nigam (GUVNL) has declared it as a qualified bidder for 300 MW/600 MWh capacity out of the total 500 MW/1000 MWh project. The initiative involves setting up Standalone Battery Energy Storage Systems (BESS) under Phase-VI of GUVNLs Tariff-Based Global Competitive Bidding process. The project is expected to be executed over a period of 24 months. H G Infra Engineering is primarily involved in the construction of roads and highways in Odisha, Telangana, Rajasthan, Delhi, Andhra Pradesh, Haryana, and Uttar Pradesh. HGIEL is accredited AA class by the Public Works Department (PWD) of the Government of Rajasthan (GoR) and is registered as an SS class contractor by the Military Engineer Services (MES). The companys consolidated net profit increased 12.9% to Rs 115.18 crore in Q3 FY25 as compared with Rs 102.05 crore in Q3 FY24. Revenue from operations declined 7.3% YoY to Rs 1,264.84 crore in the December 2024 quarter.
