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RECPDCL Hands Over Jalna Power Transmission Limited, a SPV of Intra State Transmission Project of Maharashtra, to M/s Maharashtra State Electricity Transmission Company Limited

Newsmantra — Sat, 13 Jun 2026 11:26:08 +0000

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, a Maharatna CPSU under the Ministry of Power, handed over Jalna Power Transmission Limited, the project-specific Special Purpose Vehicle (SPV), to the successful bidder, M/s Maharashtra State Electricity Transmission Company Limited, on 12 June 2026.

M/s Maharashtra State Electricity Transmission Company Limited emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.

The SPV was handed over by Shri Ratnesh Kumar, General Manager (Engg.), RECPDCL, to Ms. Vineeta Shriwani, Company Secretary, and Shri Amit Naik, Chief Engineer (TBCB), Maharashtra State Electricity Transmission Company Limited, in the presence of senior officials from Maharashtra State Electricity Transmission Company Limited, Maharashtra STU, and RECPDCL.

The project broadly envisages establishment of a 400/132 kV substation at Jalna and about 135 km of 132 kV double-circuit transmission lines from Jalna (New) to Jalna MIDC, Jalna (New) to Partur, and Jalna to Ghansawangi & Utwad, along with associated works. The project is scheduled for implementation over 24 months at an estimated cost of Rs. 912 crore.

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THDC India Achieves Major Milestone at Vishnugad-Pipalkoti Hydro Project

Newsmantra — Thu, 04 Jun 2026 06:34:05 +0000

TEHRI. THDC India Limited successfully lowered and placed the assembled Main Inlet Valve of Unit-1 at its 444 MW Vishnugad-Pipalkoti Hydro Electric Project on June 2, 2026. CMD Sipan Kumar Garg virtually graced the event, praising the project team’s technical excellence and dedication. Chief Technical Officer L.P. Joshi and Executive Director Kumar Sharad also lauded the achievement. This complex installation marks a critical advancement in electro-mechanical works, moving the mega-hydro project significantly closer to operational readiness.

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POWERGRID Leadership Connects with Market Analysts in Mumbai

Newsmantra — Thu, 21 May 2026 10:46:45 +0000

MUMBAI. The senior leadership team of Power Grid Corporation of India Limited (POWERGRID) recently hosted a major interactive session with market analysts and investment experts in Mumbai. Led by Chairman and Managing Director Vamsi Rama Mohan Burra, the meeting included key directors covering finance, personnel, and operations. The top management used this platform to share detailed insights into the company’s recent operational achievements, strong financial health, future capital expenditure plans, and upcoming power transmission projects across the country.

This high-level interaction highlights POWERGRID’s ongoing commitment to corporate transparency and active investor engagement. By providing financial experts with a clear view of the company’s long-term strategy and execution plans, the session successfully strengthened market confidence. The participating analysts gained a deeper understanding of POWERGRID’s evolving and crucial role in expanding India’s power transmission sector and creating steady value for its stakeholders.

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PFC Hosts Vendor Meet to Boost ‘Make in India’ and Innovation in Power Distribution

Newsmantra — Mon, 18 May 2026 12:41:52 +0000

NEW DELHI. Power Finance Corporation (PFC) successfully organized a Vendor Meet focused on “Make in India & Innovation in Power Distribution Sector” under the Revamped Distribution Sector Scheme (RDSS) at the India International Centre (IIC) on May 13, 2026. The event brought together a wide range of key stakeholders, including industry leaders, Original Equipment Manufacturers (OEMs), advanced system integrators, and power distribution companies (Discoms), to discuss and drive forward innovative, domestic manufacturing solutions for the power sector.

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Powering “Make in India”: PFC Hosts Successful Vendor Meet on Distribution Innovation

Newsmantra — Fri, 15 May 2026 06:55:58 +0000

NEW DELHI. Power Finance Corporation (PFC) successfully hosted a Vendor Meet at the India International Centre (IIC) on May 13, 2026, to drive the “Make in India” initiative and foster innovation within the power distribution sector. Organized under the Revamped Distribution Sector Scheme (RDSS), the event brought together a diverse group of stakeholders, including industry leaders, original equipment manufacturers (OEMs), advanced system integrators, and representatives from various power distribution companies (Discoms). The gathering focused on collaborative strategies to modernize India’s power infrastructure through local manufacturing and cutting-edge technology, ensuring a more efficient and self-reliant energy future for the nation.

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PFC Scales New Heights in FY’26; Maharatna Leader Drives India’s Energy Transition

Newsmantra — Thu, 14 May 2026 07:41:40 +0000

Power Finance Corporation (PFC), India’s premier Maharatna NBFC, showcased a landmark financial performance for the 2025-26 fiscal year during a high-level press interaction in Mumbai. Led by Chairperson and Managing Director Smt. Parminder Chopra and Director (Finance) Shri Rajesh Kumar Agarwal, the leadership team detailed a year of robust balance sheet expansion and strategic evolution. The corporation’s success was anchored in significant asset growth, fueled by rising demand across both traditional power projects and large-scale renewable energy initiatives, all while maintaining operational excellence through high net profit margins and disciplined NPA management.

Beyond its core lending role, PFC has transitioned into a vital strategic partner for the Government of India, actively supporting the nation’s journey toward energy security. Smt. Parminder Chopra emphasized that the company’s resilience is deeply linked to the national agenda, particularly through the prioritized funding of the Revamped Distribution Sector Scheme (RDSS) and critical support for State Power Utilities. This proactive approach ensures that as national power demand reaches record highs, PFC remains at the forefront of fueling a sustainable and energy-secure future for the country.

Looking ahead, PFC is aggressively diversifying its portfolio to include emerging infrastructure sectors such as logistics, waste-to-energy, and e-mobility. By leveraging its Maharatna status to access competitive funding from domestic and international markets, the corporation is maintaining a solid financial trajectory that supports India’s broader infrastructure goals. This commitment to long-term excellence and strategic financing positions PFC not just as a financial powerhouse, but as a key architect in building a modern, efficient, and self-reliant energy landscape for India.

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NLC India Operates 250 MW Lignite Plant in Rajasthan

Newsmantra — Wed, 08 Apr 2026 08:08:19 +0000

JAIPUR: NLC India Limited is operating a 250 MW lignite-based thermal power plant in Rajasthan, providing reliable base load power to the region. The plant plays a key role in ensuring grid stability and consistent electricity supply for both industrial and domestic consumers. It reflects the company’s commitment to dependable power generation while strengthening the national energy infrastructure, with lignite-based generation supporting steady and continuous power output for the state.

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Khurja Power Project Achieves Strong Operational Performance in FY26

Newsmantra — Fri, 03 Apr 2026 06:34:25 +0000

NEW DELHI. THDC India Limited’s 1320 MW Khurja Super Thermal Power Project (KSTPP) recorded an impressive Plant Availability Factor (PAF) of 85.27% during FY 2025–26, reflecting strong operational efficiency. CMD Shri Sipan Kumar Garg congratulated the team, highlighting their dedication and performance-driven approach. The project generated a total of 6,496 million units of power, with Unit-1 contributing 4,997.11 MU and Unit-2 contributing 1,498.90 MU. The station maintained efficient parameters, including auxiliary power consumption of 6.61%, specific oil consumption of 0.4 ml/kWh, and coal consumption of 0.52 kg/kWh. Additionally, the successful commissioning of the Signaling and Telecommunication system for the private railway siding on March 31, 2026, marked a key milestone, with ED (Projects) Shri Kumar Sharad commending the team for their commitment to operational excellence.

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POWERGRID appoints Shri Gyaneshwar Prasad Payasi and Shri Pradeep Kumar as Executive Director

Newsmantra — Thu, 02 Apr 2026 12:33:42 +0000

NEW DELHI. POWERGRID,apointed Shri Gyaneshwar Prasad Payasi and Shri Pradeep Kumar as Executive Director . Shri Gyaneshwar Prasad Payasi, now Executive Director of the CMD-Coordination Cell, brings over 30 years of extensive experience in project execution, PESM, CMD coordination, TBCB, and asset management. A BE and ME graduate from IIT Roorkee and PGDM from MDI Gurgaon, he has successfully led major strategic assignments including power evacuation projects in Rajasthan and asset monetization initiatives.

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Coal India and DVC Launch Joint Venture for Power Projects and By-Product Utilization

Newsmantra — Mon, 30 Mar 2026 06:33:40 +0000

KOLKATA. Coal India Limited and Damodar Valley Corporation have formed a joint venture, DVC CIL Power Private Limited, officially incorporated on March 27, 2026, with equal ownership. The venture, with an initial capital of around Rs 3,132.96 crore, aims to develop power generation projects across thermal, hydro, and renewable sources, along with transmission and distribution networks. It will also focus on utilizing by-products like fly ash for manufacturing and marketing materials, supporting expansion into areas such as e-mobility and water treatment.

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