Renewable Energy Leader Adani Green Energy Limited (AGEL) Automates Engineering Process to Fast-Track Gigascale Project
AGEL partnered with CCTech to automate engineering design process at the world's largest solar park, driving rapid progress & sustaining growth momentum.
PUNE, MAHARASTA, INDIA, May 22, 2025 / EINPresswire.com / -- Adani Green Energy Limited (AGEL), India's largest renewable energy company, has cemented its market leadership by implementing a solar park design automation solution to accelerate progress at Khavda and other project sites. This milestone marks a quantum leap for AGEL, advancing their sustainable commitment to deliver 50 GW of clean, affordable, and reliable power by 2030. With this new innovative approach, the company has bid farewell to traditional design processes, replacing them with a digital approach that promises enhanced efficiency and productivity.
Implementing a solar park design automation solution marks a strategic milestone for AGEL. It has modernized their design process and significantly streamlined project execution. Partnering with Centre for Computational Technologies ( CCTech ), a leading engineering technology solutions provider, AGEL leveraged CCTech's extensive expertise in Autodesk products, CAD development, automation, and industry experience to create an advanced configurator system.
The new solution has successfully automated the generation of construction drawings for civil, mechanical, & electrical verticals for solar parks, streamlining the design process and enhancing efficiency. Additionally, the solar configurator also integrates tools like Civil3D, AutoCAD, Google Earth, and Google Maps API. With this, CCTech has automated important tasks like 3D terrain analysis, area grading, solar MMS table layout, pile placement, cable hanger routing, real-time geo-tagging, annotations, dimension placement, and drawing sheet generation for the company. This integrated digital workflow has simplified AGEL's complex design tasks, minimizes errors, and improves coordination between design and construction teams, ensuring a smoother transition from design to the construction phase.
'Our collaboration with CCTech has truly reshaped our approach to solar design,' said Mr. Nilesh Patel, Associate Vice President – Engineering, AGEL; 'We now have a solution that delivers the accuracy and precision we need while dramatically speeding up our processes. Engineering construction drawings & drawing-related BoQs that once took weeks are now released within a time frame of a few hours to a couple of days. Our engineering team is now finally freed from putting endless hours into tedious AutoCAD operations and can now focus on optimizing design layouts. CCTech's expertise and dedication have been crucial in making our automation journey at AGEL both smooth and effective. This project has been a cornerstone in achieving AGEL's clean energy vision.'
Expressing his pleasure on the occasion, Sandip Jadhav, CEO at CCTech, said, 'At CCTech, we're always pushing the boundaries of engineering software automation by leveraging Autodesk's capabilities and our deep industry insights. It's been a pleasure working with AGEL—a company that truly shares our passion for tech-driven process improvement. I must give credit to our team; they delivered multiple critical features in record time to meet AGEL's ambitious goal. Our technical expertise, agile approach, and enterprise intelligence have set a new benchmark in renewable energy design across the globe. And we're just getting started—we've already started on a new initiative using digital twin technology for construction management. I can't wait to see the impact it'll have on renewable energy. '
About CCTech
CCTech is a global technology consultancy organization specializing in engineering software solutions, digital transformation, and automation for the AEC, manufacturing, chemical, oil & gas, and renewable energy sectors. The company is committed to democratizing BIM, CAD, and CFD technologies by reducing complexity through AI-driven automation to meet unique customer needs. Bridging the gap between cutting-edge technology and industry challenges, CCTech collaborates closely with Autodesk teams in the development of AutoCAD, Civil 3D, Infraworks, Fusion, ACC, and more, while partnering with clients to address their critical engineering challenges. In addition to providing comprehensive services in custom software development, cloud integration, and AI-powered analytics, CCTech offers innovative product solutions such as simulationHub Web Services (SWS) Platform—a fully managed, intelligent platform that empowers organizations of all sizes to execute sophisticated CFD calculations efficiently, helping them navigate complexity and accelerate time-to-market for sustainable growth.
Vijay Mali
CCTech
+91 98508 61178
[email protected]
Visit us on social media:
LinkedIn
Facebook
YouTube
X
Legal Disclaimer:
EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Rane (Madras) Ltd (BOM:532661) Q4 2025 Earnings Call Highlights: Record Sales and Strategic ...
Release Date: June 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rane (Madras) Ltd (BOM:532661) achieved record sales and strengthened customer partnerships, with the group recording its highest ever turnover of 7,413 crores. The merger of Rane Engine Valve Limited and Rane Brake Lining Limited into Rane (Madras) Ltd was successfully completed, creating synergy and operational efficiency. The company reported a revenue of 905 crores in Q4 FY25, marking a 5.8% year-over-year growth. Rane (Madras) Ltd secured new orders worth over 230 crores during the quarter, primarily for the steering and linkage business and the light metal casting business. The company is exploring monetization options of surplus non-core land parcels to reduce debt and liability, with shareholder approval already received. The commercial vehicle segment growth was modest and still impacted by infrastructure-related disruptions. The light metal casting business has not yet fully turned around operationally, though improvements are being made. The company faces challenges in achieving significant margin improvements in the engine components and casting businesses. Rane Steering Systems Limited continues to struggle with legacy orders impacting margins, with improvements expected only over the next 2-3 years. The global uncertainty and domestic market conditions make it difficult for the company to provide clear guidance on future growth. Q: Can you elaborate on the benefits of the merger and the plans for non-core asset sales? A: The merger has improved the balance sheet, reducing debt to 52% of total capital employed. We plan to monetize surplus land to further reduce debt by 150 to 200 crore this financial year. The exact amount depends on the nature of the transactions, which could include outright sales or co-development. Mr. Harris Lakshman, Chairman of Rane Group. Q: What is the strategic direction for Rane Madras in terms of new products and business focus? A: Rane Madras aims to create scale and achieve double-digit EBITDA with a comfortable debt position. While new product additions through M&A are planned, they are 12-15 months away. Current focus is on optimizing capital allocation across existing product lines, with a strong emphasis on exports and aftermarket growth. Mr. Harris Lakshman, Chairman of Rane Group. Q: What is the status of the US subsidiary and the expected synergy benefits from the merger? A: The US subsidiary's turnaround is challenging, and we have not yet received the owed amount. However, there is potential for recovery through asset charges. The merger is expected to yield synergy benefits through cost savings and operational efficiencies, aiming for a double-digit EBITDA even in a down market. Mr. Harris Lakshman, Chairman of Rane Group. Q: Can you provide an update on the CapEx plans for FY26 and the expected revenue growth? A: We plan to invest between 400 and 450 crore in CapEx, depending on market conditions. The aspiration is to achieve a minimum of 12% revenue growth, with potential to reach 15% over the next three years, contingent on market performance. Mr. Harris Lakshman, Chairman of Rane Group. Q: What are the prospects for Rane Steering Systems and the impact of legacy orders on margins? A: We have reached an understanding with Maruti for price corrections on legacy orders, but significant margin improvements will take 2-3 years. New business with better margins will start production in 2027-2028. Current margins will remain in single digits until then. Mr. Harris Lakshman, Chairman of Rane Group. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
an hour ago
- Yahoo
Avanti Feeds Ltd (BOM:512573) Q4 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
Release Date: June 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Avanti Feeds Ltd (BOM:512573) reported a significant increase in gross income for Q4 FY25, reaching 1,435 crores, up from 1,320 crores in Q4 FY24, marking an 8.7% increase. The company's PBT for Q4 FY25 increased by 40% compared to Q4 FY24, driven by higher revenue and reduced raw material costs. The shrimp exports for FY25 increased by 7.5% compared to FY24, with expectations to reach 17,000 MT in FY26. The company is diversifying its market presence by expanding into other regions like Japan and the EU to reduce dependency on the US market. Avanti Feeds Ltd's pet care division has successfully launched its cat food product, with plans to introduce dog food, indicating potential growth in a new market segment. The company faces challenges from fluctuating raw material prices, particularly for fishmeal and soybean meal, which can impact profitability. The imposition of countervailing duties and reciprocal tariffs by the US has affected the profitability of shrimp exports. Despite increased sales, the PBT for the shrimp processing division decreased due to higher ocean freight rates and depreciation from new plant investments. The company's reliance on the US market, which accounts for a significant portion of its shrimp exports, exposes it to geopolitical and trade-related risks. The pet care division is currently in its initial stages, with high promotional and brand establishment costs, which may impact short-term profitability. Warning! GuruFocus has detected 2 Warning Signs with BOM:512573. Q: What is the current demand scenario for shrimp feed in the market? A: The demand is expected to remain similar to last year, around 12 lakh metric tons per annum. (Unidentified_2) Q: How is Avanti Feeds projecting its FY26 feed consumption? A: The feed consumption is projected to be slightly more than 5 lakh metric tons, potentially reaching around 5.5 lakh metric tons. (Unidentified_2) Q: How does the competitive pricing of Indian shrimp compare to Ecuador and other Asian countries, considering current tariffs and duties? A: India faces higher duties compared to Ecuador but fares similarly to other Asian countries when considering the entire tariff structure. However, India has an advantage in producing value-added products that Ecuador does not. (Unidentified_8) Q: What are the expectations for Q1 margins, given that Q1 is traditionally strong for Avanti Feeds? A: The company expects to maintain profitability levels similar to last year, assuming raw material prices remain stable. However, a recent price cut in feed due to reciprocal tariffs may impact margins. (Unidentified_2) Q: How is Avanti Feeds addressing the volatility in the US market due to tariffs? A: The company is actively diversifying its market presence beyond the US to reduce dependency and mitigate volatility. The US market share has already decreased from 83% to about 70%. (Unidentified_8) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Mirae Asset Launches Global X MSCI Asia Pacific ex Japan ETF (3064/9064) - Offering Efficient Exposure to Asia Pacific Growth
HONG KONG, June 9, 2025 /PRNewswire/ -- Mirae Asset Global Investments (Hong Kong) Limited ("Mirae Asset" or the "Company") announced the launch of the Global X MSCI Asia Pacific ex Japan ETF (3064/9064), providing investors with targeted access to large- and mid-cap equities across developed and emerging Asia Pacific markets, excluding Japan. The ETF seeks to track the MSCI AC Asia Pacific ex Japan Index, offering diversified exposure to Asia Pacific economies (excluding Japan), encompassing both developed and emerging markets while investing in various sectors, including cyclical and structural growth industries. The fund enables investors to capitalize on the dynamic growth of Asia's markets, from emerging powerhouses like China, India and South Korea to developed innovators such as Australia, all while benefiting from attractive valuations compared to developed markets such as the US. Mr. Wanyoun CHO, Chief Executive Officer of Mirae Asset Global Investments (Hong Kong) Limited, said: " Asia Pacific remains a cornerstone of global growth, and this ETF offers institutional investors a streamlined way to capture that potential. With a disciplined replication strategy and a focus on cost efficiency, we're providing a robust tool for long-term allocations to the region's leading equities." The Global X MSCI Asia Pacific ex Japan ETF (3064/9064) features a management fee as low as 0.18%* and is part of Global X's growing suite of thematic and regional investment solutions, designed to address the evolving needs of investors. *As the Fund is newly set up, this figure is an estimate only and represents the sum of the estimated ongoing charges over a 12-month period, expressed as a percentage of the estimated average Net Asset Value of the Listed Class of Shares over the same period. It may be different upon actual operation of the Fund and may vary from year to year. As the Fund adopts a single management fee structure, the estimated ongoing charges of the Sub-Fund will be equal to the amount of the single management fee, which is capped at 0.18% of the average Net Asset Value of the Listed Class of Shares of the Sub-Fund. Any ongoing expenses exceeding 0.18% of the average Net Asset Value of the Listed Class of Shares of the Fund will be borne by the Manager and will not be charged to the Fund. Please refer to the Product Key Facts and the Prospectus for further details: ttps:// About Mirae Asset Global Investments Group Mirae Asset Global Investments Group (the "group") is an asset management organization with over US$256 billion in assets under management as of December 31, 2024[1]. The organization provides a diverse range of investment products including mutual funds, exchange traded funds ("ETFs"), and alternatives. Operating out of 25 offices worldwide, the group has a global team of more than 1,000 employees, including more than 280 investment professionals. The group's global ETF platform features a line-up of 629 ETFs that offer investors high quality and cost-efficient exposure to newly emerging investment themes and disruptive technologies in the global markets.[2] The group's ETFs have combined assets under management of US$137 billion and are listed in Australia, Canada, Colombia, Hong Kong SAR, India, Japan, Korea, Vietnam, the EU, and the United States.[3] About Global X ETFs Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product line-up features 400 ETF strategies and over $90 billion in assets under management.[4] While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, has a presence in 19 global markets and the group's managed assets exceed US$613.8 billion in assets under management worldwide.[5] Mirae Asset Global Investments Hong Kong: Global X ETFs Hong Kong: Important Information Investors should not base investment decisions on this website alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note: Global X MSCI Asia Pacific ex Japan ETF (the "Fund")'s investment objective is to provide investment results that, before fees and expenses, closely correspond to the performance of the MSCI AC Asia Pacific ex Japan Index (the "Index"). The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region or country (Asia Pacific region excluding Japan). The Fund may likely be more volatile than a broad-based fund, such as a global equity fund, as it is more susceptible to fluctuations in value of the Index resulting from adverse conditions in the Asia Pacific region excluding Japan. The Fund invests in certain countries or regions in Asia Pacific region (excluding Japan) which may be considered as emerging markets. This may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility. Listed companies on the ChiNext market and/or STAR Board are usually of emerging nature with smaller operating scale. In particular, listed companies on ChiNext market and/or STAR Board are subject to higher fluctuation in stock prices and liquidity risks, Over-valuation risk, Differences in regulation, Delisting risk, and Concentration risk. The Fund may invest in mid-capitalisation companies, which may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund's ability in meeting delivery or payment obligations from redemption requests. As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund. There are risks and uncertainties associated with the current Mainland China tax laws, regulations and practice in respect of capital gains realized via Stock Connect on the Fund's investments in Mainland China (which may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund's value. The trading price of the Shares on the SEHK is driven by market factors such as the demand and supply of the Shares. Therefore, the Shares may trade at a substantial premium or discount to the Fund's Net Asset Value. Payments of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction in the Net Asset Value per Share of the Fund and will reduce the capital available for future investment. Disclaimer This document is for Hong Kong investors only. This document is provided for information and illustrative purposes and is intended for your use only. It is not a solicitation, offer or recommendation to buy or sell any security or other financial instrument. The information contained in this document has been provided as a general market commentary only and does not constitute any form of regulated financial advice, legal, tax or other regulated services. Certain of the statements contained in this document are statements of future expectations and other forward-looking statements. Views, opinions and estimates may change without notice and are based on a number of assumptions which may or may not eventuate or prove to be accurate. Actual results, performance or events may differ materially from those in such statements. Investment involves risk. Past performance is not indicative of future performance. It cannot be guaranteed that the performance of the Funds will generate a return and there may be circumstances where no return is generated or the amount invested is lost. It may not be suitable for persons unfamiliar with the underlying securities or who are unwilling or unable to bear the risk of loss and ownership of such investment. Before making any investment decision, investors should read the Prospectus for details and the risk factors. Investors should ensure they fully understand the risks associated with the Funds and should also consider their own investment objective and risk tolerance level. Investors are advised to seek independent professional advice before making any investment. Information and opinions presented in this document have been obtained or derived from sources which in the opinion of Mirae Asset Global Investments (Hong Kong) Limited ("MAGIHK") are reliable, but we make no representation as to their accuracy or completeness. We accept no liability for a loss arising from the use of this document. Products, services and information may not be available in your jurisdiction and may be offered by affiliates, subsidiaries and/or distributors of MAGIHK as stipulated by local laws and regulations. This document is not directed to any person in any jurisdiction where the availability of this document is prohibited. Persons in respect of whom such prohibitions apply or persons other than those specified above must not access this document. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please consult with your professional adviser for further information on the availability of products and services within your jurisdiction. This document is issued by MAGIHK (Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance). This document has not been reviewed by the Securities and Futures Commission or the applicable regulator in the jurisdiction in which this article is posted and no part of this publication may be reproduced in any form, or referred to in any other publication, without express written permission of MAGIHK. Copyright © 2025 Mirae Asset Global Investments. All rights reserved. [1] Source: Mirae Asset Global Investments, December 31, 2024. [2] Source: Mirae Asset Global Investments, December 31, 2024. [3] Source: Mirae Asset Global Investments, December 31, 2024. [4] Source: Mirae Asset Global Investments, December 31, 2024. [5] Source: Mirae Asset Financial Group, December 31, 2024. View original content to download multimedia: SOURCE Mirae Asset Global Investments (Hong Kong) Limited Sign in to access your portfolio
