As part of the tenders floated by NTPC, the company that has emerged as lowest bidder for the three project would be offered to complete two projects while the second-lowest bidder would be offered to complete the third project at the price bid by the lowest bidder
The Ajay Singh-Nishant Pitti consortium has also proposed to increase its upfront payment to around Rs 500 crore, from around Rs 290 crore earlier, said a source.
In the 50 GW-per year trajectories set out for bidding of renewable energy (RE) projects, the government has also exclusively mentioned that bids of 10 GW have to be from wind energy every year.
Experts suggest that government must scale up tendering activity for RE projects along with timely signing of PPAs, easing of execution challenges mainly related to land, augmenting transmission infrastructure, and development of domestic manufacturing ecosystem for renewable OEMs.
The likes of Tata Projects, JK Infra, ITD Cementation, Dineshchandra R Agrawal Infracon, Creative Group LLP and Assystem Stup that earlier bid for the project have dropped out.
The bidding model has been modified from electronic reverse bidding where the participants reduce their offer price to bag the contracts based on the lowest bid. The auction model had led to an artificial lowering of prices.
"Board of Control for Cricket in India (BCCI) announces the release of Invitation to Tender for the right to own and operate a team in Women's Indian Premier League," the board said in a statement.
The biggest tranche of 141 mines covering eleven coal-bearing states are being offered in the sixth round of commercial coal mine auction.
Srei Infrastructure Finance Limited and Srei Equipment Finance Limited are undergoing a resolution process under the Insolvency and Bankruptcy Code.
Technical evaluation is expected to be completed in three-four weeks, the union food ministry said in a statement.
The offices of Apollo Tyres, Ceat and Continental AG were raided by CCI on March 30 for alleged unfair trade practices and rigging of bids
A fresh round of bidding is set to open soon with investor-friendly conditions after the first round was scrapped owing to poor response.
IRP confirms that Suraksha Group submitted its bid just before the commencement of the CoC meeting on June 7.
The two plans would be discussed at the 23rd committee of creditors (CoC) meeting to be held on June 7
Pure play renewable energy firms backed by foreign institutional investors often win big in renewable energy auctions
Industry leaders Reliance Jio and Bharti Airtel enhanced their spectrum holdings, purchasing more than their renewal requirements
Technical bids were opened for two packages – procurement and fabrication, and design and construction, of the Mumbai-Ahmedabad High Speed Rail Corridor
Expressions of Interest (EoI) for the strategic sale of BPCL were invited by May 2. Last date for investor queries is April 4
According to sources, the two partners differ over funding of the bid.
Lenders expect an attractive valuation for Jet Privilege, which has remained profitable despite the crisis at the airline. Jet Privilege’s customer base has jumped from 7.3 million to 9 million in the past year
UAE-based carrier has been working with key stakeholders in India for the past 15 months to help find a solution to ensure Jet's return as a viable and competitive airline.
Bids will be forwarded to the Committee of Creditors, who will take a final call
In a setback to Jindal Steel and Power (JSPL), the Delhi High Court has upheld the decision of the government to cancel Jindal Power's bid for the Gare Palma and Tara blocks.
State-owned Hindustan Copper's share sale today garnered 1.56 times subscription, totalling Rs 500 crore, with most of the bids coming from LIC and mutual funds.
The Rs 479.21-crore IPO received bids for 55.25 crore shares against the total issue size of 75,21,297 shares, as per data available till 1900 hrs.