HG Infra Bags Rs 11 Bn Battery Storage Project from NTPC

27 Nov 2024 CW Team

HG Infra Engineering has secured a Letter of Award (LoA) from NTPC Vidyut Vyapar Nigam Ltd. for a 500 MW/1000 MWh standalone battery energy storage project in India. The total value of this battery storage project is estimated at Rs 11 billion, with a completion timeline of 1.5 years.

HG Infra's bid was selected through a global competitive bidding process. The project, with a tariff rate of Rs 2,38,000 per MW per month, will significantly contribute to India's energy storage capacity. However, HG Infra reported a 16% decline in its net profit for Q2 FY25 compared to the same period last year. Revenue from operations also decreased by 5.5%, though EBITDA margin showed an improvement, reflecting enhanced operating efficiencies.

Additionally, HG Infra emerged as the lowest bidder for a road project in Gujarat, which involves upgrading a six-lane highway with an elevated corridor on National Highway 47. The project is valued at Rs 781.11 crore and will be completed under the Hybrid Annuity Model (HAM) with a construction period of 2.5 years.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..