Latest news with #Procurement
Business Upturn
3 days ago
- Business
- Business Upturn
Ceigall India receives completion certificate for Punjab highway project
Ceigall India Ltd has recently informed exchanges that the company received the Completion Certificate for a significant infrastructure project in Punjab, marking the successful conclusion of work awarded by the National Highway Division of the Public Works Department. The certificate, issued by the Office of the Executive Engineer, confirms that the project is fit for entry into operation as of 30th June 2024, with the formal certification dated 2nd June 2025. The project involved the rehabilitation and upgradation of a two-lane highway with paved shoulders, extending from Makhu (Design Chainage 0.000) to Arifke (Design Chainage 24.600), covering a total length of 24.6 kilometers. As part of the development, two Road Over Bridges (ROBs) were constructed to enhance connectivity and ease of travel. The work was undertaken under the Engineering, Procurement, and Construction (EPC) model, with a bid project cost of INR 1,272.60 million. Ceigall India Ltd was awarded the contract on 31st March 2018. The project was completed within the authorised extension period, with the declared date of completion being 30th June 2024. This development contributes to the broader effort to upgrade national highway infrastructure, improving transportation efficiency in the region. 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
7 days ago
- Business
- Time of India
Shortage of load workers stalls paddy procurement in Trichy
Trichy: Paddy procurement in Trichy district has slowed down due to an acute shortage of load workers at Direct Procurement Centres (DPCs), leaving farmers anxious as their harvested grains lie exposed to rain. Farmers said paddy has remained unsold for days at DPCs, increasing the risk of moisture damage. "I brought four tonnes to the DPC at Pethupatti in Thuraiyur block. It's been lying there for a week without being procured due to the lack of workers," said N Balakrishnan, a farmer from Mangalamputhur village. The Tamil Nadu Civil Supplies Corporation (TNCSC), which operates DPCs, aims to procure 15,000 metric tonnes of Navarai (summer) paddy from around 1,000 hectares in the district. Eight temporary centres have been opened for the season. While farmers prefer selling to the government at the Minimum Support Price—Rs 2,450 per quintal for fine varieties and Rs 2,405 for common ones—the lack of workers has brought operations to a crawl. Load workers are essential for weighing, bagging, and loading the grain. "There's a labour shortage. Local workers are unwilling to work at DPCs, so we've hired North Indian labourers," said G Chitrarasu, TNCSC regional manager. With intermittent rains over the past few weeks, farmers fear that the moisture content in their paddy may rise above the 17% limit set by TNCSC for full payment. Between 17% and 20%, payment is cut; beyond 20%, the grain is rejected altogether. "Grains are starting to germinate due to the delay. If the rains continue, we'll face heavy losses," Balakrishnan warned.
Time of India
21-05-2025
- Business
- Time of India
Patel Engineering awarded ₹711 cr hydro project in Arunachal by NEEPCO
New Delhi: Patel Engineering Ltd (PEL) has received a Letter of Acceptance (LoA) from North Eastern Electric Power Corporation Ltd ( NEEPCO ) for the construction of the 240 MW HEO hydroelectric project in Arunachal Pradesh at a contract value of ₹711.29 crore. The project, located in Shi Yomi district of Arunachal Pradesh, will be executed under the Engineering, Procurement and Construction (EPC) mode with a completion timeline of 44 months. PEL was previously declared as the L1 (lowest) bidder for the project. The contract scope includes execution of civil and associated infrastructure works, supply, installation, testing and commissioning of hydro-mechanical plant and machinery, and ensuring successful operation and performance of all generating units of the HEO hydroelectric project. 'We are proud to have been awarded the HEO Hydropower project from NEEPCO. This order further cements our position as a trusted partner for building critical infrastructure for India's power sector and strengthens our position in the North-East. Arunachal Pradesh with its vast and largely untapped hydropower potential, is emerging as a key region in India's renewable energy landscape. As we embark on the execution of the HEO hydropower project, we bring with us decades of experience, a proven track record in complex hydropower works, and a deep sense of responsibility towards environmental stewardship and community engagement,' said Kavita Shirvaikar, Managing Director, Patel Engineering Ltd. Established in 1949, Patel Engineering Ltd operates in hydropower, tunnelling and irrigation segments and has executed more than 85 dams, 40 hydroelectric projects, and over 300 km of tunnelling in India and abroad.
Business Standard
21-05-2025
- Business
- Business Standard
Waaree Renewable Tech incorporates WOS, Sunsational Power
Waaree Renewable Technologies announced that it has incorporated a wholly owned subsidiary (WOS), Sunsational Power, to develop and manage renewable energy plants. The subsidiary has been incorporated to generate, accumulate, transmit, distribute, purchase, sell and supply electricity power or any other energy from non-conventional energy sources on a commercial basis. It will also construct, establish, operate, and maintain energy generation stations and plants across the country. In addition, the company will engage in managing, owning, controlling, erecting, commissioning, operating, running, leasing or transferring to third person/s, Power plants based on non-conventional energy sources i.e. Solar, Wind, Mechanical, Electrical and Hydel. It will also act as an Engineering, Procurement, and Construction (EPC) contractor for such power projects. Sunsational Power will also setup solar parks and renewable energy systems anywhere in India. The company has subscribed to a share capital of Rs 1 lakh, divided into 10,000 shares of Rs 10 each, holding a 100% stake in Sunsational Power Private. However, certificate of incorporation is awaited. 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. The scrip declined 2.10% to end at Rs 1,021.55 on Tuesday, 20 May 2025.
India.com
20-05-2025
- Business
- India.com
Not Mukesh Ambani but Anil Ambani to challenge Gautam Adani, signs Rs 20000000000 deal with…, will develop largest…
Mukesh Ambani's Reliance Industries Limited recently inaugurated its first solar panel manufacturing unit. The company is building giga-factories on 5,000 acres in Jamnagar, Gujarat. However his brother Anil Ambani is also doing business in the green energy segment, and has taken a major step. The company announced that it has signed a commercial term sheet for a long-term power purchase agreement with Green Digital Private Limited (GDL) which is a company owned by the Government of Bhutan. GDL is under Druk Holdings and Investments Limited (DHI), the investment arm of the Bhutanese government. Reliance Power will now develop Bhutan's largest solar power project under this agreement. The project entails a capital outlay of up to Rs 2,000 crores under Build-Own-Operate (BOO) model, representing the largest private sector foreign direct investment (FDI) in Bhutan's solar energy sector to date. Gautam Adani's Adani Group is already operating in the solar energy sector, with various projects and investments. Adani Green Energy is the main entity which handles Adani's solar projects . Now new player Anil Ambani's Reliance Power will give him tough competition in the sector if becomes successfull. This initiative is expected to play a pivotal role in advancing regional clean energy integration, and enhancing cross-border infrastructure collaboration across South Asia, it stated. Reliance Power has commenced the Engineering, Procurement, and Construction (EPC) tendering process, adhering to international competitive bidding standards to ensure optimal technical execution and cost efficiency. The company has also initiated engagement with leading financial institutions to structure sustainable, long-tenor project finance solutions, focused on optimizing capital structure and enhancing overall financing efficiency. The project will be implemented in phased tranches over the next 24 months, closely aligned with Bhutan's strategic sustainability framework and broader regional energy transition agenda across South Asia. This initiative is poised to significantly diversify Bhutan's renewable energy portfolio beyond hydropower and enhance grid stability and integration. In October 2024, Reliance Enterprises, jointly promoted by Reliance Power Ltd, and Reliance Infrastructure Ltd initiated a strategic partnership with DHI Ltd to develop solar and hydropower projects in Bhutan. As part of the agreement, Reliance Enterprises and DHI will jointly develop a 500 MW solar power project. The partnership also entails the execution and long-term operation of the 770 MW Chamkharchhu-I hydroelectric project, a run-of-the-river asset structured under a long-term concession model, aligned with Bhutan's national energy strategy. (With Inputs From PTI)
