Hinduja Renewables Wins 250MW Solar Project in India
By Rediff Money Desk, NEWDELHI Nov 06, 2023 21:17
Hinduja Renewables has secured a 250MW solar project in India through a tariff-based competitive bidding process conducted by NHPC. The project aims to reduce carbon emissions significantly.
![Hinduja Renewables Wins 250MW Solar Project in India](https://im.rediff.com/news/2018/mar/11solar1.jpg)
New Delhi, Nov 6 (PTI) Hinduja Renewables on Monday said it has bagged a 250 MW solar project under a tariff-based competitive bidding by state-owned hydro power giant NHPC.
"Hinduja Renewables was awarded by NHPC the tender for putting up a solar capacity of 250 MW at the tariff rate of Rs. 2.53/kWh," the Hinduja Group firm said in a statement.
The consolidated project bid was for setting up a 3,000 MW Interstate Transmission System Connected Solar Power Projects anywhere in India.
Hinduja Renewables was one of the eight bidders for the capacity.
Sumit Pandey, the CEO of Hinduja Renewables, said, "With this winning bid, Hinduja Renewables would be able to reduce the carbon emissions equivalent of over 5,51,000 tons annually. Hinduja Renewables is well on its way to creating a multi-GW suite of renewables."
Hinduja Renewables, part of the Hinduja Group, is an independent renewable power producer.
"Hinduja Renewables was awarded by NHPC the tender for putting up a solar capacity of 250 MW at the tariff rate of Rs. 2.53/kWh," the Hinduja Group firm said in a statement.
The consolidated project bid was for setting up a 3,000 MW Interstate Transmission System Connected Solar Power Projects anywhere in India.
Hinduja Renewables was one of the eight bidders for the capacity.
Sumit Pandey, the CEO of Hinduja Renewables, said, "With this winning bid, Hinduja Renewables would be able to reduce the carbon emissions equivalent of over 5,51,000 tons annually. Hinduja Renewables is well on its way to creating a multi-GW suite of renewables."
Hinduja Renewables, part of the Hinduja Group, is an independent renewable power producer.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Sensex, Nifty Hit...](https://im.rediff.com/80-80/money/2017/mar/16bse4.jpg)
Sensex, Nifty Hit Record Highs for 3rd Day |...
Indian stock markets closed at new highs on Tuesday, driven by gains in FMCG, telecom,...
![India's Gems...](https://im.rediff.com/80-80/money/2023/jan/27jewelry.jpg)
India's Gems & Jewelry Exports Decline...
India's gems and jewellery exports dropped 13.44% in June to Rs 15,939.77 crore,...
![Paytm Shares...](https://im.rediff.com/80-80/money/2021/jul/02paytm.jpg)
Paytm Shares Decline After Sebi Warning
Paytm parent firm One 97 Communications shares fell over 2% after receiving an...