Macrotech Developers redeems offshore bonds worth $170 mn

Garuda Aerospace to Build Andhra Pradesh as India’s First Drone City

Garuda Aerospace has announced plans to develop Andhra Pradesh as India’s first ‘Drone City’ with an investment of Rs 1 billion. The initiative, unveiled after a strategic meeting with Civil Aviation Minister Ram Mohan Naidu, aims to establish the state as a hub for drone innovation, research, and development, positioning India as a global leader in drone technology. The project will focus on cutting-edge research, talent development, and the implementation of the ‘Namo Drone Didi’ initiative, which trains rural women in drone technology. Aligned with the ‘Viksit Bharat S..

Amara Raja Wins SECI BoS Auction for 300 MW Solar Project

Amara Raja Infra (ARIPL), a subsidiary of battery manufacturer Amara Raja, has won Solar Energy Corporation of India’s (SECI) auction to supply a balance of system (BoS) to set up a 300 MW grid-connected solar power project at Ramagiri, Andhra Pradesh. Amara Raja won the work for a contract value of Rs 5.44 billion. The tender was floated in March 2024. The scope of work comprises designing, engineering, procuring, constructing, and commissioning the project. It also includes five years of comprehensive operation and maintenance of the project. The contract excludes solar modules, which..

NTPC Picks Energy Dome Tech For 160-Mwh CO2 Battery In India

Indian state-run energy company NTPC Ltd (BOM:532555) plans to install a 160-MWh CO2 battery energy storage system at its NTPC Kudgi thermal power station in the state of Karnataka. NTPC picks Energy Dome tech for 160-MWh CO2 battery in India. The project will be executed on a turnkey basis in partnership with Italian long-duration energy storage firm Energy Dome and Indian industrial steam turbine maker Triveni Turbine Ltd (BOM:533655). The project “represents an important step in NTPC's broader strategy to diversify its energy portfolio and increase the share of renewable power genera..