NHPC to Invest Rs.40 billion in Gujarat Pumped Storage Project

09 Jan 2024 CW Team

NHPC, known for its expertise in the energy domain, is poised to make a transformative investment of ?40 billion in Gujarat's Kuppa pumped storage hydro project. This strategic move reflects NHPC's commitment to advancing sustainable energy solutions and contributing significantly to the development of crucial pumped hydro storage infrastructure within Gujarat.

The Kuppa pumped storage hydro project holds immense significance in the renewable energy landscape, particularly in the context of Gujarat's ambitious energy goals. Pumped storage facilities play a crucial role in balancing the grid and ensuring a stable and efficient energy supply. NHPC's substantial investment underscores the company's dedication to fostering clean and sustainable energy sources, aligning with the broader national objectives of increasing the share of renewables in the energy mix.

The infusion of ?40 billion into the Kuppa project is expected to accelerate its development, bringing it closer to operational status. Beyond the immediate impact on Gujarat's energy infrastructure, this investment showcases NHPC's strategic vision to play a pivotal role in shaping the future of renewable energy in India. The Kuppa pumped storage hydro project, with NHPC's substantial backing, is poised to emerge as a cornerstone in Gujarat's journey towards a greener and more resilient energy landscape.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..