Latest Project Updates
New Wind-Solar Hybrid Power Project in India
Executive Summary: The State Government is plans a 500 MW Wind-Solar Hybrid Power Project in India, with an option for 500 MW expansion. A successful bidder emerges in March 2024, accelerating renewable energy initiatives.
New 440 MW Wind-Solar Hybrid Power Project in India
Executive Summary: An Indian project aims to develop a 440MW wind-solar hybrid power project with inter-state transmission. Sembcorp's renewables subsidiary secures the contract, committing to a 25-year power purchase agreement. Completion is expected within 24 months of the agreement's signing, funded through a mix of internal resources and debt.
New Solar Power Project in India
Executive Summary: A solar power project of 15 MW is underway in India by an undisclosed company, emphasizing a commitment to sustainable energy. In February 2024, the company secured a substantial order from Aether Industries Ltd, reflecting a strategic partnership and contributing to India's renewable energy goals. This initiative underscores the company's growing influence in the clean energy sector.
Rs.1350 Million New Greenfield Facility in South India
Executive Summary: A new Greenfield Facility is in progress in South India, spearheaded by a major consumer goods company. The project, estimated at Rs. 1350 million, focuses on manufacturing Ayurvedic healthcare, personal care, and home care products, including popular items like honey, toothpaste, and air fresheners. As of February 2024, the company is actively engaged in project activities, reflecting a commitment to expanding production capabilities in the consumer goods sector.
New Wind-Solar Hybrid Power Project in India
Executive Summary: A 450 MW wind-solar hybrid power project in India, part of a larger 2 GW bid by Solar Energy Corporation of India. The build-own-operate project, awarded to Sembcorp's subsidiary, Green Infra Wind Energy Ltd, aims to develop Inter State Transmission System-connected wind-solar hybrid power projects across India. As of January 2024, the company has received the letter of award for the project from SECI.
New 300 MW Solar Project in India
Executive Summary: A 300 MW solar project in India is underway in December 2023. The project's Inter-State Transmission System connection emphasizes efficient power distribution across states, aligning with India's renewable energy goals. The Letter of Award marks a pivotal collaboration, showcasing the collective commitment to a sustainable energy future.
MS-Gear Line Mfg. Expansion Project in India
Executive Summary: A manufacturing expansion project in India aims to increase the capacity of an MS-Gear line by 0.4 million units by January 2026. The current capacity is 2.0 million units, operating at 90% utilization. The investment details are pending board approval, with a funding mix of internal accruals and borrowings anticipated. Project approval was secured as of December 2023, signaling a strategic move to meet market demands and enhance the company's standing in gear manufacturing.
New Solar Power Project in India
Executive Summary: A significant solar power project is underway in India, spearheaded by a company committed to renewable energy. With a capacity of 4.66 MW under the 'Captive Power Producer' model, the project is set for completion in the 2024-25 financial year. The phased execution aligns with sustainability goals, contributing to India's renewable energy landscape and emphasizing the company's commitment to clean, efficient power production.
New Wind Power Project in India
Executive Summary: A wind power project in India plans to install 33 new 3 MW wind turbine generators with Hybrid Lattice Tubular towers, totaling 99 MW. Suzlon Group has received an order from the project owner for the equipment. Expected completion is by FY25.
Rs.10000 Million New Train Wheel Mfg. Plant in India
Executive Summary: A special purpose vehicle formed by two companies plans to establish a train wheel manufacturing plant in India. The project aims to have a capacity of 200,000 train wheels with an estimated cost of Rs. 10,000 million. As of May 2023, the company is conducting a study to determine the best cost-effective location in consultation with the railways.