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Showing posts with the label maharashtra

ITD Cementation shares up 1% after Rs 1,648 crore Vadhvan Port contract win

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[hfe_template id='11223'] [ad_1] ITD Cementation India shares were trading higher by 1% on Wednesday after the company secured a Rs 1,648 crore engineering, procurement, and construction (EPC) contract for near-shore reclamation and shore protection work at Vadhvan Port in Maharashtra. The company emerged as the lowest bidder, securing the contract at a price 6.9% lower than the estimated cost of Rs 1,770 crore, excluding GST. The contract was approved by the Vadhvan Port Project Limited (VPPL) board during its eighth meeting on Tuesday, with the bid deemed both reasonable and workable. The awarded package includes the development of about 200 hectares of land in the near shore area, a critical component for initiating other key packages of the port project, such as loading points and essential infrastructure. Also Read: ET Poll: 3 sectors investors should focus on in 2025 VPPL is developing the facility near Dahanu in Maharashtra's Palghar district, with an investme...

Gensol Engineering shares surge 5% post securing Rs 780 crore solar PV project

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[hfe_template id='11223'] [ad_1] The shares of Gensol Engineering went by nearly 5% to day’s high of Rs 860 on BSE post securing Rs 780 crore solar PV project from a leading public sector utility in Maharashtra. The project involves the development of a 150 MWac ground-mounted solar PV power plant and is set to be executed over a 15-month period. The scope of the project includes the manufacturing, supply, erection, inspection, installation, testing, and commissioning of a 150 MWac grid-connected ground-mounted solar PV power plant, along with the development of the associated power evacuation infrastructure to the STU substation. Additionally, the contract includes three years of operation and maintenance (O&M) services for the project, inclusive of maintenance of the plant's switchyard and its extensive transmission infrastructure, the company said in a filing. The project aligns with the forward-looking policy introduced by the Ministry of New and Renewable En...

Torrent Power shares zoom 9% on securing 2,000 MW energy storage contracts from MSEDCL

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[hfe_template id='11223'] [ad_1] Shares of Torrent Power today surged 9% to its fresh 52-week high of Rs 1,983.70 on the BSE after announcing that it has signed 2 letters of award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 2,000 Megawatt (MW) Energy Storage Capacity.“Torrent Power Limited, one of the leading private sector integrated power utility with presence across generation, transmission and distribution and part of the Torrent Group, has received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS Connected Pumped Hydro Storage Plant,” said the company in a filing to the exchanges. The 2 contracts that the company has signed with MSEDCL are for a supply of 1500 MW energy supply capacity and an additional 500 MW energy storage capacity. MSEDCL will procure energy storage capacity from Torrent Power’...