Latest news with #LoA
Business Standard
2 days ago
- Business
- Business Standard
Servotech Renewable spurts on securing 7.8 MW grid-connected solar rooftop project
Servotech Renewable Power System rallied 10.84% to Rs 163.22 after the company secured a prestigious work order from the Rangiya Division of the Northeast Frontier Railway for a 7.8 MW grid-connected solar rooftop project. The project includes design, supply, installation, testing, and commissioning of a rooftop solar power system comprising monocrystalline panels and inverters with remote monitoring systems, including SIM-based connectivity, to be implemented across various sites in the Rangiya Division. The work is to be completed within six months from the date of the Letter of Acceptance (LoA). Additionally, the order, valued at Rs 33.6 crore, includes a comprehensive 5-year Annual Maintenance Contract (AMC) / Comprehensive Annual Maintenance Contract (CAMC) for multiple buildings within the Rangiya Division. The project underscores Servotechs strong execution capabilities and its growing footprint in Indias renewable energy sector, particularly in delivering large-scale solar and infrastructure initiatives. Sarika Bhatia, director of Servotech Renewable Power System, said, We are immensely proud to partner with the Northeast Frontier Railway on this crucial solar rooftop project. This order is a testament to Servotech's capabilities in delivering high-quality, reliable, and sustainable solar energy solutions. We are committed to supporting India's transition towards a greener future, and projects like these are vital in achieving that goal. Our comprehensive AMC/CAMC will also ensure the long-term efficiency and performance of the solar installations. Servotech Renewable Power System develops tech-enabled EV charging solutions. The company offers an extensive range of AC and DC chargers that are compatible with different electric vehicles and serve multiple applications, such as commercial and domestic.
Business Standard
3 days ago
- Business
- Business Standard
Waaree Renewable jumps on bagging major solar EPC contract
Waaree Renewable Technologies rose 3.28% to Rs 1,059.44 after the company secured a letter of award (LoA) for the engineering, procurement, and construction (EPC) of a large-scale solar power project. The new contract is valued at approximately Rs 346.33 crore. The project, awarded by a domestic renewable generation company, involves the development of a ground-mount solar power plant with a capacity of 300 MW AC / 435 MW DC. Waaree Renewable Technologies is tasked with completing the project within the financial year 2025-26, as per the terms stipulated in the LoA. Waaree Renewable Technologies (WRTL) is subsidiary company of Waaree Group and spearheading the Solar EPC business. The company provides clean energy to its clients by setting up both on-site solar projects (rooftop and ground-mounted) and off-site solar farms (open access solar plants). The companys consolidated net profit jumped 82.7% to Rs 93.81 crore on 74.4% increase in revenue from operations to Rs 476.58 crore in Q4 FY25 over Q4 FY24.
Indian Express
28-05-2025
- Climate
- Indian Express
Install dewatering pumps 414 low-lying areas: Bhushan Gagrani
Two days after the southwest monsoon marked an early arrival in Mumbai — the earliest recorded onset in at least the past 75 years — pounding the city with over 200 mm of rainfall, municipal commissioner and state-appointed administrator Bhushan Gagrani on Wednesday ordered immediate installation of dewatering pumps in as many as 414 low-lying areas. Besides, Gagrani also directed that all flood-control gates at the pumping stations in Haji Ali, Britannia and Lovegrove should be immediately checked so that the city's infrastructure is ready for any flood-like situation during the monsoon. He also instructed civic officials to immediately re-evaluate the existing flood-control mechanisms to make sure there is no flash flooding. 'Monsoon has arrived in Mumbai a fortnight earlier than usual, even though pre-monsoon works are going on at a fast pace. As a result, cleaning of drains, roads and other works have been affected. However, keeping in mind civic services, monsoon measures should be improved according to the situation and expedited,' he said. Gagrani's instructions came following a joint debriefing session on Wednesday, where civic officials along with the Mumbai police briefed the state government about the May 26 flooding. Gagrani said besides installing dewatering pumps, the BMC has also issued Letter of Approval (LoA) for acquiring 10 vehicle-mounted pumps, which will be deployed within the next eight days. 'These vehicles will be deployed to tackle flash floods in areas not equipped with dewatering pumps,' said an official. Gagrani also instructed that remaining desilting work should be completed within the next eight days and that all roads should be cleared of barricades and trenches within the next 24 hours. IMD downgrades forecast A day after issuing a yellow alert for Mumbai indicating moderate to heavy spell of rainfall till May 30 (Friday) morning, the India Meteorological Department (IMD) on Wednesday downgraded it. In its five day forecast issued on Wednesday afternoon the IMD said a yellow alert will be in place only till Thursday morning, following which no alert for heavy rains have been issued. The weather bureau, however, said light to moderate spell of rainfall will continue in the city till June 1. Meanwhile, IMD's Santacruz observatory recorded 1 mm of rainfall till 5.30 pm on Wednesday, while the coastal observatory at Colaba recorded 17 mm of rains. On Wednesday afternoon moderate rainfall lashed several parts of island city and suburbs; 36 mm rain was recorded at Malad, followed by 32 mm at Kanjurmarg, and 21 mm at Mulund.
Time of India
14-05-2025
- Automotive
- Time of India
GreenCell Mobility wins order for over 1,200 electric buses under PM e-Bus Sewa scheme
GreenCell Mobility has secured a Letter of Award (LoA) for the supply and deployment of more than 1,200 electric buses under the PM e-Bus Sewa scheme. The order includes 472 Eicher electric buses for use across six cities in Madhya Pradesh and 750 buses to be supplied in partnership with EKA Mobility across 11 cities in Andhra Pradesh. In Madhya Pradesh, GreenCell will work alongside VE Commercial Vehicles (VECV) , while the Andhra Pradesh deployment will be carried out in collaboration with Pinnacle Mobility Solutions (EKA Mobility). GreenCell Mobility, backed by Eversource Capital, stated that it is also setting up the required charging infrastructure to support these operations. The company already operates 900 electric buses in Uttar Pradesh, Gujarat, and Maharashtra. Industry collaboration and government support Devndra Chawla , MD & CEO, GreenCell Mobility, said, 'GreenCell Mobility is honoured to collaborate with the Governments of Andhra Pradesh and Madhya Pradesh to support the state's transition to sustainable public transport. These projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities—while delivering a safe, reliable, and superior guest experience.' Vinod Aggarwal , MD & CEO of VE Commercial Vehicles, added, 'We are delighted to take the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM E-Bus Sewa Scheme. These buses are built on reliable technology and have already clocked 1.4 crore kms across India. It is a matter of pride for us that these buses will operate in the state of Madhya Pradesh which has been home to Eicher Trucks and Buses for over four decades.' The PM e-Bus Sewa scheme aims to deploy 10,000 electric buses across India. In FY25, Convergence Energy Services Limited (CESL) issued a tender for 4,588 buses under this scheme. The electric buses offered by GreenCell Mobility include features such as a driving range of over 250 kilometres per charge, fast charging, AI-based energy management, CCTV surveillance, real-time tracking, air suspension, low noise levels, and advanced safety systems, the company said.
Time of India
14-05-2025
- Automotive
- Time of India
GreenCell to deploy 1,222 e-buses in MP, Andhra under PM E-Bus Sewa Scheme
New Delhi: GreenCell Mobility has received the Letter of Award (LoA) for the supply and deployment of 472 Eicher electric buses in Madhya Pradesh under the PM E-Bus Sewa Scheme . In addition, the company has been selected to deploy 750 electric buses across 11 cities in Andhra Pradesh in partnership with Pinnacle Mobility Solutions (EKA Mobility), bringing the total order to 1,222 buses. For the Madhya Pradesh project, GreenCell Mobility has partnered with VE Commercial Vehicles (VECV) to introduce electric buses in six cities across the state. In Andhra Pradesh, GreenCell will work with EKA Mobility for the supply and deployment of the 750 buses. GreenCell Mobility is backed by Eversource Capital and currently operates 900 electric buses across Uttar Pradesh, Gujarat, and Maharashtra. With the new projects, the company will expand its footprint to Madhya Pradesh and Andhra Pradesh. The company is also developing the required charging infrastructure for these deployments. Commenting on the development, Devndra Chawla, MD & CEO, GreenCell Mobility, said, 'GreenCell Mobility is honored to collaborate with the Governments of Andhra Pradesh and Madhya Pradesh to support the state's transition to sustainable public transport . These projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities—while delivering a safe, reliable, and superior guest experience.' Vinod Aggarwal, MD & CEO, VE Commercial Vehicles, said, 'We are delighted to take the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM E-Bus Seva Scheme. These buses are built on reliable technology and have already clocked 1.4 crore kms across India. It is a matter of pride for us that these buses will operate in the state of Madhya Pradesh which has been home to Eicher Trucks and Buses for over four decades. We thank the Government of Madhya Pradesh and GreenCell Mobility for partnering with us to introduce eco-friendly public transportation.' Dr. Sudhir Mehta, Founder & Chairman of EKA Mobility & Pinnacle Industries Limited, said, 'We are proud to partner with the Government of Andhra Pradesh and collaborate with GreenCell Mobility to deliver green, smart, and efficient transportation solutions for the people of the state. This partnership marks a significant step toward building smarter, more sustainable cities across India.' The PM E-Bus Sewa Scheme is part of the central government's plan to deploy 10,000 electric buses across the country. In FY 2024-25, Convergence Energy Services Limited (CESL) floated a tender for 4,588 electric buses under the scheme.
