L&T Secures Major Solar Power Projects in the Middle East

Larsen & Toubro (L&T) announced that its renewable energy division has secured two significant orders from a prominent developer in the Middle East for the construction of two gigawatt-scale Solar PV plants. According to the company’s regulatory filing, L&T’s renewable energy arm will oversee the creation of these two solar power plants, which will have a combined capacity of 3.5 GW. While the financial specifics of the contracts were not disclosed, L&T’s project classification indicates that the value of a mega order falls between Rs.10,000 to Rs.15,000 crore.

The scope of these orders includes not only the solar power plants but also the grid interconnections, comprising pooling substations and overhead transmission lines. Detailed engineering and initial construction activities are expected to commence shortly, as noted in the filing.

L&T Chairman & Managing Director S N Subrahmanyan stated, “These orders are welcome additions to our green portfolio, as we build the company of the future with next-generation technologies.”

Larsen & Toubro, a $27 billion Indian multinational enterprise, is engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing, and services, operating across multiple geographies.

Thermax Babcock Secures Rs.513 Crore Order for Supply of 2 Boilers in Botswana

Thermax Babcock & Wilcox Energy Solutions (TBWES), a subsidiary of Thermax, has secured a significant Rs.513 crore order from a prominent industrial conglomerate for supplying two 550 TPH CFBC (circulating fluidised bed combustion) boilers. The boilers are designated for an expansive 600 MW greenfield energy project in Botswana, Southern Africa.

According to a statement released on Friday, TBWES will execute the project over a span of 23 months, facilitating the establishment of a 300 MW power station in the initial phase by the customer. The scope of work includes design, engineering, manufacturing, testing, supply, supervision of erection & commissioning, and performance testing.

The power generated from this project is intended to bolster the national utility power company’s efforts in meeting Botswana’s escalating energy demands.

“We are pleased to have been awarded this contract, which underscores our commitment to advancing power generation capabilities in Botswana,” remarked
Ashish Bhandari, Managing Director and CEO of Thermax. “TBWES’ expertise in designing and manufacturing boilers that enhance efficiency, reduce emissions, and ensure reliability for the power sector has been pivotal in securing this opportunity.”
TBWES specializes in providing comprehensive solutions for steam generation using a variety of fuels, including solid, liquid, and gaseous forms, as well as recovering heat from turbine/engine exhaust and industrial processes. Their offerings extend to heaters tailored for diverse applications in sectors such as chemicals, petrochemicals, and refineries.

Texol Lubritech FZC Secures Major Order from Abu Dhabi National Oil

Texol Lubritech FZC, a subsidiary of Gandhar Oil Refinery India, has secured a significant contract from Abu Dhabi National Oil Company (ADNOC) PJSC, UAE. Under this agreement, Texol Lubritech will manufacture, package, label, and supply products to ADNOC Distribution on a contractual basis.

ADNOC, established in 1971 and wholly owned by the Abu Dhabi government, is a leading diversified energy group. The three-year contract with Texol Lubritech is projected to have an estimated annual value of $45 million (Rs.375 crore).

Aslesh Parekh, promoter and Joint Managing Director of Gandhar Oil Refinery India, stated that this agreement underscores the company’s capability to deliver high-quality products and services on a large scale. He emphasized that the partnership with ADNOC will not only strengthen the company’s presence in West Asia but also pave the way for future growth and collaboration.

Texol Lubritech FZC, established in 2017, operates out of its plant in Sharjah, UAE. The company produces white oils, petroleum jelly, lubricants, and transformer oils, primarily serving overseas markets including the GCC, Africa, and West Asia.

Gandhar Oil Refinery India offers over 440 products under the ‘Divyol’ brand, catering to the personal care, healthcare, performance oils, lubricants, and process and insulating oils sectors. These products are used by leading Indian and global companies in the manufacture of end products for the consumer, healthcare, automotive, industrial, power, and tyre and rubber sectors. The white oil market is currently the fastest-growing segment in the specialty oils sector.

KEC International Secures Rs.1,422 Crore in New T&D Orders

KEC International Ltd., a global infrastructure EPC major and an RPG Group Company, has announced the acquisition of new Transmission & Distribution (T&D) orders worth Rs.1,422 crores. These new orders are for projects in India and the Americas.

The orders include:

• 765 kV and 400 kV transmission line projects in India from Power Grid Corporation of India Limited (PGCIL).
• Supply of substation structures in the United States.

Vimal Kejriwal, MD & CEO of KEC International Ltd., expressed satisfaction with the company’s continued success in the T&D sector. “We are delighted with the significant order wins that have driven our success in this segment. Our order book in India T&D is growing, thanks to prestigious orders from PGCIL. We are also encouraged by securing our largest order for substation structures in the USA,” Kejriwal said.

He added, “With these new orders, our year-to-date order intake has surpassed Rs.7,500 crores, marking a remarkable growth of over 70% compared to last year. These orders, along with those announced earlier in the year, will substantially contribute to our targeted growth moving forward.”

IREDA to Invest Rs.290 Crore in 900 MW Renewable Energy Project in Nepal

State-owned Indian Renewable Energy Development Agency (IREDA) has announced a Rs.290 crore investment in a major hydroelectric power project in Nepal. The company’s Board of Directors approved the equity investment during a meeting recently.

Pradip Kumar Das, Chairman & Managing Director of IREDA, stated, “This strategic investment reflects our commitment to expanding renewable energy infrastructure and fostering international collaboration. The 900 MW project is a significant step in harnessing Nepal’s hydropower potential, which will contribute to regional energy security and sustainable development.”

IREDA will acquire a 10 percent stake in the Upper Karnali Hydro-Electric Power Project, underscoring its dedication to advancing renewable energy initiatives and strengthening cross-border energy ties.