Archives 2024

DICV First to Achieve IGBC Platinum for Sustainability

• First facility in India to achieve the Indian Green Building Council (IGBC) Green Factory Building Version 2 standards.
• Sets a new benchmark for sustainable industrial practices under the World Green Building Council framework.

23rd December 2024Daimler India Commercial Vehicles (DICV), a wholly-owned subsidiary of Daimler Truck AG, has achieved a remarkable milestone by becoming the first manufacturing facility in India to receive the Indian Green Building Council (IGBC) Platinum certification under the latest and most stringent Version 2 standards. Out of 31 factories, DICV’s state-of-the-art Oragadam plant was the only facility to earn this recognition for its excellence in green manufacturing and sustainability.

The IGBC Platinum certification is globally recognized as a benchmark of excellence in sustainable building practices, aligning with the World Green Building Council’s mission to promote global sustainability. This achievement highlights DICV’s ongoing commitment to integrating environmental sustainability into its core operations, reducing its ecological impact and enhancing operational performance.

DICV’s Oragadam facility serves as a model for sustainable industrial development, incorporating innovative measures in energy efficiency, water conservation, renewable energy, waste management, and biodiversity enhancement. These efforts align with DICV’s strategic approach to sustainability, guided by the SPUR principle – Source, Produce, Use, Regenerate – a key element of its business strategy. The facility delivers tangible benefits such as reduced resource dependency, cost optimization, and an enhanced workplace environment.

Speaking about this prestigious recognition, Satyakam Arya, Managing Director & CEO, Daimler India Commercial Vehicles, said, “The IGBC Platinum certification is more than just an accolade; it represents DICV’s unwavering commitment to sustainability and innovation. This achievement goes beyond setting a benchmark for green manufacturing – it underscores our responsibility to make a lasting, positive impact on both the environment and our community. At our manufacturing facility in Oragadam, we prioritize advanced green practices and the well-being of our stakeholders, proving that industrial facilities can not only thrive but also contribute meaningfully to the global sustainability movement. This milestone positions DICV as a leader in sustainable development, and we hope it inspires others in the industry to embrace forward-thinking and responsible sustainability practices.”

This achievement highlights the transformative potential of sustainability in manufacturing, setting a precedent for the global automotive and commercial vehicle industries. By aligning with Daimler Truck AG’s global sustainability roadmap, DICV continues to lead by example, driving innovation and supporting sustainability goals both in India and worldwide.

Pfaudler GmbH Strengthens European Presence with New Manufacturing Hub in Poland

Mumbai, December 23, 2024: GMM Pfaudler Limited through its subsidiary Pfaudler GmbH, Germany, has entered into an Investment and Shareholders’ Agreement on December 20, 2024, to acquire 51% stake of a limited liability company in Poland.
· This acquisition aims to establish a manufacturing and engineering facility in Poland, enhancing global manufacturing capabilities and competitiveness.

· The acquired entity specializes in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries.

· Investment of PLN 12.2 million  will be made to establish this facility and the transaction will be funded through internal accruals

Management Comment

Mr. Thomas Kehl, CEO International Business said: “This acquisition reflects our continued focus on delivering cost- effective, high-quality solutions for our customers. Establishing this facility in Poland aligns with our vision of strengthening our market presence in Europe and beyond.”

Cashfree Introduces Partner Program

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· Aims at building a trusted partner ecosystem to help businesses and individuals grow and scale through digital payments

· Offers industry-best commission rate of 0.25%* for the affiliates

· Invites freelancers, web development agencies, marketing firms, startup accelerators, influencers, and more to be part of this affiliate program

Bangalore, December 23, 2024: Cashfree Payments, India’s leading payments and API banking platform, today announced the launch of its Affiliate Partner Program. The new initiative opens up exciting opportunities for freelancers, web development agencies, marketing firms, startup accelerators, influencers, and other digital ecosystem players to collaborate with Cashfree and earn revenue by referring its cutting-edge payment gateway solutions to businesses looking to grow online.

Designed to benefit both partners and businesses alike, the program offers an industry-leading commission rate, allowing affiliates to earn up to 0.25%* commission on every transaction made by referred merchants. With its attractive financial incentives and seamless integration, the Cashfree Affiliate Partner Program arrives at a pivotal moment to support India’s expanding business ecosystem with its digital payment needs.

Reeju Datta, Co-founder of Cashfree Payments, said, “We’re excited to launch our Affiliate Partner Program, which combines the best in partner commissions, quick onboarding, and a robust payment gateway. By partnering with us, affiliates can empower local entrepreneurs and businesses to scale while tapping into a rewarding revenue stream.”

Key benefits of the Cashfree Affiliate Partner Program:
· Industry-Leading Commission Rates: Affiliates can earn 0.25%* on every transaction made by referred merchants, providing a steady and attractive income stream.

· Hassle-Free Onboarding: The program features a simple, fast, and free sign-up process, making it easy for new affiliates to get started.

· Real-Time Tracking: Cashfree offers an intuitive affiliate dashboard for real-time tracking of referrals, commissions, and available resources, ensuring complete transparency.

· Fast, Reliable Payouts: Affiliates enjoy hassle-free monthly payouts, adding convenience to their earning experience.

· Comprehensive Payment Solutions: Partners can offer businesses a complete, secure, and feature-rich payment gateway, including Cashfree’s One-click Checkout (OCC), FlowWise (payment orchestration), and 24/7 customer support.

As India experiences a rapid expansion of business hubs across metros, tier 2, and tier 3 cities, there is a rising demand for seamless digital payment solutions. Cashfree Payments is uniquely positioned to meet this demand, offering businesses of all sizes a comprehensive, secure, and scalable payment solution. The launch of the Affiliate Partner Program has been introduced at a time when more individuals, agencies, and businesses emerge as trusted partners for startups, MSMEs, and traditional enterprises.

Propel your brand’s journey with impactful PR articles by Brandcasting

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Welcome to Brandcasting, the premier brand storytelling agency focused on transforming your business. We help enterprises create powerful stories that build sustainable and successful brands. With our unmatched range of services spanning brand publicity, content marketing, digital campaigns, and regional as well as national media outreach, we redefine industry benchmarks through innovative solutions.

Your brand’s story is important-
Storytelling is an art that turns your vision into iconic masterpieces. Your brand’s stories are not just words, they have a heart and magic of the product that draws the target audience.
The consumers don’t buy products, they buy stories. At a time when audiences are better informed and crave authenticity and connection, the only way to build meaningful relationships with customers is through story. And we help you do it better than anyone else.

Choose us to tell your story-
We build the world around brands through the power of stories by driving trust and growth. We take a deep dive into a brand’s journey and explore the key aspects that make your brand special. This is followed by an analysis of how your product makes consumers feel, the opportunities it creates, and building a bigger picture of how emotion drives decision-making. From content ideas, and PR to social, events and activations, we work towards creating a ready-to-use story-led marketing that brings your brand to the forefront.

Our team-
We are equipped with a dedicated team of experts who are constantly ideating, experimenting, and innovating with the method of storytelling. Our team comprises experienced writers, journalists, and designers who leverage their experiences to refine their strategy and consider all the information and research before creating a strategy. Their strategy centers on making believers by bringing a story to life that hits the senses and becomes alive.

Key services offered by Brandcasting-
In the dynamic business landscape, building robust connections with the audience and media is as important as telling a powerful story. We help entrepreneurs, and small, medium, and large business owners to amplify their brand’s visibility and credibility by adeptly navigating these relationships in a subtle and ethical way. Our expertise lies in
1. Media relationships- Our strong connections with influential media figures and organizations allow us to secure coverage and partnerships. We tailor your pitch that align with media interests and generate engagement.
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4. Monitoring and follow-up- Tracking media coverage and following up are crucial for effective PR outcomes. We maintain regular communication with journalists and assist them with more insights to craft a compelling story.

Let’s get to work-

Your search for a credible and better-equipped public relations agency ends at Brandcasting. Our strategic approach and deep understanding of the media landscape will enable you to elevate your brand and achieve your business objective.

Give the Gift of Precision: KAI India’s Santoku Knife A Perfect Christmas Surprise

This Christmas, KAI India brings the joy of Japanese craftsmanship to your kitchen with its Premium Santoku Knife – the perfect seasons gift for anyone who loves precision and style in cooking. With a streamlined 6.77-inch blade, this versatile knife is the dream for mincing, dicing, and slicing, offering unmatched ease and control. Combining traditional Japanese artistry with a modern edge, it’s an essential tool for both passionate home cooks and professional chefs looking to elevate their culinary creations.

The razor-sharp edge of the Santoku knife delivers exceptional versatility, whether chopping vibrant vegetables for a festive salad, slicing tender roast meats, or crafting delicate garnishes for a holiday feast.

Inspired by the traditional Nakiri knife, the Santoku’s semi-straight edge offers enhanced precision and comfort, making it the perfect companion for daily kitchen tasks, from peeling to slicing seasonal ingredients.

Mr. Hitesh Singla, Marketing Head of KAI India, said, “KAI Premium Santoku Knife symbolizes our commitment to bringing the best of Japanese craftsmanship to the Indian kitchen. It’s an exquisite gift for those seeking precision, quality, and style in their kitchen. Therefore, it is the perfect gift for Christmas this year.”

11th Alumni Day at IIT Delhi: A Celebration of Legacy and Innovation

New Delhi, 23rd December 2024: IIT Delhi organized its 11th Alumni Day on December 22, 2024, at the Lecture Hall Complex (LHC), under the theme “Engage, Enrich, Empower: Celebration of an Emotion.” This momentous occasion brought together alumni, students, and other dignitaries to celebrate the spirit of camaraderie and innovation that defines the IITD community.

The day commenced with Registration and Hi-Tea, followed by opening remarks by Dr. Kamalika Banerjee, Convener of Alumni Day 2024. Mr. Maneesh Jaiswal, President of the IITD Alumni Association (IITDAA), delivered a warm Welcome Address, setting a celebratory tone. Reflecting on IIT Delhi’s achievements and aspirations, Prof. Nilanjan Senroy, Dean of Alumni Relations, said, “This event is a testament to the lifelong bond between our alumni and their alma mater. Together, we are not only reminiscing but also building a bright future for the institute and society at large.”

The Chief Guest, Mr. Dharmendra (IAS), Chief Secretary of the Delhi Government, addressed the gathering, emphasizing, “IIT Delhi’s alumni are a shining example of how education can create leaders who drive change at every level of society. Their contributions resonate globally, and events like these foster the energy and ideas needed for nation-building.”

In his inspiring Keynote Address, Mr. Sumant Sinha, CEO & Chairman of ReNew, observed: “The future of sustainable development and energy innovation lies in the hands of institutions like IIT Delhi and its alumni. This gathering shows the power of collective intellect and collaboration.

Guest of Honor, Mr. Jyoti Bansal, an internationally renowned entrepreneur said, “Innovation flourishes in communities where diversity and out-of-box thinking are celebrated. IIT Delhi and its alumni embody that spirit, pushing boundaries and building solutions that matter.”

Thematic sessions were one of the highlights of the day. The session “Being the Change: Change-makers Building Bharat” featured luminaries such as Padmashri Prof. Anil Gupta, who commented, “The true essence of change-making lies in grassroots innovation and empathy for the underprivileged.” The other panellists were Mr. Rajesh Aggarwal (IAS), who said, “It’s inspiring to see IIT alumni not just excelling in their fields but also contributing to societal transformation in profound ways.”

The session “Earth 2.0: Sustainability Innovators” featured some thought leaders like Mr. Alok Aggarwal and Dr. Anjan Ray, who shared their insights on sustainability challenges and innovative solutions. Mr. Aggarwal observed, “Sustainability is no longer a choice; it’s an imperative. IIT Delhi has a pivotal role in nurturing eco-conscious innovators.”

A special session, “Parallel Universe: Celebrating Mavericks and Unconventionals,” felicitated doyens of their streams like the worldwide-renowned bridge player, Mr. Rajeswar Tewari: “Unconventional paths lead to extraordinary destinations and events like these encourage such journeys.”

The Startup Pitch Tank was another standout segment wherein budding entrepreneurs presented innovative ideas to a panel of industry leaders, including Mr. Amit Jain, Founder of CarDekho, who said, “Entrepreneurship thrives in ecosystems that encourage bold ideas. IIT Delhi continues to foster such ecosystems.”

The program concluded with a grand cultural extravaganza featuring Shaan, whose soulful performance at the Open Air Theatre (OAT) enthralled the audience. A networking dinner gave alumni and guests a chance to reconnect reminisce and strengthen bonds within the IIT Delhi community.

The success of the event was facilitated by the sponsors, Central Park, Spinny, Realme, Eightfold.ai, Dyna Aircon, IFFCO, Risk Berg, and Canara Bank. The organizing team is also thanked, as it worked tirelessly to make this day a true celebration of emotion, connection, and inspiration.

Summing up the spirit of the day, IITDAA President, Mr. Maneesh Jaiswal, said “Alumni Day is more than an event; it’s a celebration of our collective identity. It strengthens the bond between our past, present, and future, creating a legacy of impact and inspiration.

Over 60,000 alumni worldwide, IITDAA continues to bridge the gap between the alumni and the institute. Relationships fostered by this body contribute to nation-building and societal transformation. Alumni Day will remain a cherished occasion for going back into nostalgic memories, sharing success stories, and inspiring the younger generation to dream big and take bold strides toward a brighter future.

IPRS Stage at Serendipity Arts Festival

Dr. Ulka Mayur- Mythical Melodies

Mumbai, December 23, 2024: The IPRS Stage made a historic debut at the Serendipity Arts Festival 2024 in Panaji, Goa, marking a groundbreaking collaboration between one of the nation’s foremost art festivals and IPRS, the sole representative body of authors and composers of music in India. This partnership reflects a shared mission to discover, promote, and celebrate the hidden music and talent of our nation. From December 15 to 22, the event celebrated India’s rich musical diversity by bringing traditional, folk, and undiscovered talent to the forefront, connecting artists with audiences and industry insiders on an unprecedented platform.

From the enchanting Mythical Melodies by Dr. Ulka Mayur to the mesmerizing Discovering Hidden Melodies of India by Folks Wagon and the spellbinding Jaadoo Bastar by Daira, the performances celebrated India’s rich musical heritage while shining a spotlight on the exceptional talent that defines our nation. These acts not only bridged the gap between traditional and contemporary music but also underscored the critical role of folk and regional music in keeping India’s cultural identity alive. By blending age-old traditions with contemporary expressions, they highlighted the enduring relevance of these art forms and emphasized the need to nurture and sustain them for future generations.

On December 19, the panel discussion, “Navigating Intellectual Property Rights in the Music Industry,” featured industry experts Rakesh Nigam, CEO of IPRS, Atul Churamani, MD Turnkey Music and Publishing Pvt. Ltd., Mayur Puri, leading lyricist, author, director, actor and IPRS Board Member, and Rafael Pereira, Managing Partner Tinnuts, Executive Trustee – India Music Exchange. The session provided valuable insights into copyright, royalties, and essential best practices, emphasizing the critical need to protect intellectual property rights in today’s rapidly evolving music landscape. It underscored the evolution of the Indian music industry and highlighted the robust framework of the country’s copyright law, designed to safeguard the interests of creators and rights holders. The discussion further stressed the importance of fair enforcement to promote creativity, ensure equitable remuneration for all stakeholders, and foster a more inclusive and sustainable ecosystem for music.

Reflecting on the success of the event, Mayur Puri, songwriter, actor, and IPRS Board Member, shared, “The IPRS Stage is more than a platform for performances; it’s a celebration of legacy. By uniting diverse musical genres, IPRS highlights the richness of our nation’s cultural heritage and musical diversity. It’s truly inspiring to witness artists, including those from the remotest corners of the country, gaining well-deserved recognition and appreciation. This initiative plays a vital role in ensuring our cultural roots thrive in contemporary times, while also introducing audiences to a treasure trove of music that fosters pride and deepens appreciation for our artistic heritage.”

Commenting on the partnership with IPRS, Smriti Rajgarhia, Director, Serendipity Arts said, “It’s been a great pleasure to associate with IPRS. We started the festival to bring together partners from the cultural industries that contribute to the context in which practice is created and furthered. Our panels with IPRS, which were streamed live online, are now an archive of this partnership. The artists that performed on the IPRS stage were unique and created magic that we will remember fondly as one of the highlights of Serendipity Arts Festival 2024. From Ulka Mayur’s Mythical Melodies, to Madhur Padwal and Daira’s Jaadoo Bastar, each of these performances highlighted the incredible talent and rich tapestry of India’s musical landscape.”

Madhur Padwal of Project Folks Wagon expressed, “We, the artists of Project Folks-Wagon are excited and honoured to be a part of the inaugural episode of the IPRS stage at the Serendipity Arts Festival 2024. It’s an amazing opportunity to contribute to such a vibrant and creative event. We have always believed that folk and traditional music holds immense healing, energetic and entertaining power. Reviving the folk and traditional music of our country is not only important but essential in recent times. It is our sincere effort to contribute to its sustainability in the long run. A special mention to IPRS for taking up this initiative in collaboration with the Serendipity Arts Festival, providing folk and traditional artists with a valuable opportunity to share their art with a wider audience and contribute to reviving the fading Indian folk music.”

Dr. Ulka Mayur, who led Mythical Melodies, added, “The IPRS stage is a remarkable initiative that brings into focus regional artists and India’s rich musical traditions. By bringing these voices to the forefront, it safeguards our cultural heritage while giving it the recognition it deserves on a larger stage. This effort is not just about celebrating music; it’s about preserving the soul of India’s diversity and ensuring it thrives for generations. IPRS is truly leading the way in honouring and reviving the roots of our nation’s creative legacy.”

Savi Shrivastav of Daira’s Jaadoo Bastar highlighted the significance of this opportunity, “The IPRS programming for festivals is really instrumental in providing a voice and a platform to unique and unexplored artists. We are elated by the support provided by IPRS and the fact that they identified the novelty in the special collaboration with Jaadoo Bastar. Daira’s Jaadoo Bastar is a folk fusion IP between Mumbai’s Art-Rock band Daira and the folk musicians of Bastar in Chhattisgarh. It is a celebration of different tribal tunes fused with Hindi lyrics and new age songwriting. The concert showcases an aroma of the rich culture in the state of Chhattisgarh and also demonstrates that music has absolutely no boundaries (Daira). Thanks to IPRS, the concert will be performed for the first time outside the state of Chhattisgarh.”

With the overwhelming response received, the IPRS Stage has solidified its position as a transformative platform for nurturing and showcasing India’s unparalleled musical diversity.

Swipe Crime – Rishab Chadha Unveils a Turbulent Journey as Vidhaan

Rishab Chadha Unveils a Turbulent Journey as Vidhaan in ‘Swipe Crime’: A Tale of Betrayal, Innovation, and the Web’s Dark Side

Rishab Chadha

Mumbai, India/23rd December 2024 – Rishab Chadha, known for his compelling performances, takes on the role of Vidhaan in the highly anticipated series Swipe Crime. This riveting narrative dives deep into the digital age, exploring how the shimmering facade of the tech world hides dark secrets, vulnerabilities, and chaos.

Vidhaan is not just any character. He’s a young, visionary entrepreneur grappling with the fragility of trust, the weight of financial instability, and the personal cost of preserving what he cherishes most—a work of art that’s more than just a creation; it’s his soul. This story isn’t just about technology or ambition; it’s about human connections, betrayal, and the lengths one goes to for redemption.

As the series delves into the crimes that fester within the vast labyrinth of the internet, Vidhaan (Rishab) becomes a symbol of resilience and ingenuity, walking the fine line between survival and destruction. With Rishab Chadha’s nuanced portrayal, Swipe Crime promises to captivate audiences and spark dialogue about the shadows lurking in our digitally-driven lives.
Here are five tantalizing questions with Rishab Chadha that give a glimpse into the enigma of Swipe Crime:

1. Vidhaan is such a layered character. What drew you to this role?

Rishab Chadha: Honestly, Vidhaan is every bit the young entrepreneur we admire and fear becoming. He’s brilliant, driven, but also painfully human. When I read the script, I was drawn to his vulnerability—this idea that even someone so tech-savvy and seemingly untouchable could be undone by betrayal and the chaotic underbelly of the web. It’s not just his struggle; it’s his heart, his fight to save something that defines him. That was irresistible for me as an actor.

2. The series heavily explores the theme of web crime. What’s Vidhaan’s connection to the digital world?

Rishab Chadha: Vidhaan comes from a small town with a lot of dreams and aspirations, as the show precedes you’ll see how inclined he is towards using his knowledge to build something that is pathbreaking. Being foresighted, he just wants to keep all his loved ones together. His entrepreneurial journey is built on innovation, dreams and the zeal to make lives easier. The story intricately shows how the web can empower you one moment and destroy you the next. Vidhaan’s world is upended when he’s caught in a web of deceit, blackmail, and cyber manipulation.

Rishab Chadha

3. Betrayal plays a significant role in the story. Can you tell us more about Vidhaan’s friendships and how they shape his journey?

Rishab Chadha: Friendships are the foundation of Vidhaan’s world, but they also become his Achilles’ heel. The series explores how those closest to him are the ones capable of the deepest betrayal. It’s heartbreaking and maddening, watching someone so brilliant crumble under the weight of trust misplaced. These betrayals aren’t just personal—they threaten his business, his identity, and his very sense of self.

4. The show touches on the intersection of technology and crime. How relevant do you think this theme is today?

Rishab Chadha: It couldn’t be more relevant. We live in an age where our entire lives—our secrets, finances, and even relationships—are stored online. Swipe Crime is a chilling reminder of how vulnerable we are, especially when technology is used against us. It’s a wake-up call for every young person who believes they’re invincible behind a screen. The series doesn’t just entertain; it makes you question how much of yourself you’re willing to expose to the digital world.

5. If you had to describe Swipe Crime in three words, what would they be?

Rishab Chadha: Thrilling, unsettling, and haunting.

With Swipe Crime, Rishab Chadha not only delivers a powerful performance but also sheds light on the intricate and often dangerous realities of the modern tech-driven world. The series is more than just entertainment—it’s a scandalous exposé on the fragility of trust, the cost of ambition, and the perilous double-edged sword of technology.

Catch Swipe Crime on Amazon mx player, and prepare to be drawn into a story that’s as gripping as it is cautionary.

FHRAI Requests Government Action to Enhance Hospitality Education and Workforce Skills

Delhi, 23 December,24 : The Federation of Hotel & Restaurant Associations of India (FHRAI), the third largest hospitality association in the world, has shared its recommendations to the Ministry of Tourism, Government of India, aiming to address the ongoing human resource shortages and skill gaps faced by the hospitality industry. As one of India’s most vital sectors contributing to economic growth, employment, and cultural exchange, the hospitality industry is facing significant challenges, including declining enrolments in hospitality programs, skill gaps, workforce shortage and retention issues, along with policy gaps. These issues are hindering the sector’s growth potential and its ability to meet the demands of a rapidly evolving global tourism landscape.

The hospitality industry is currently facing several challenges that are limiting its growth and ability to meet global standards. These challenges include mismatch between the education system and industry needs, a lack of practical, real-world exposure for students, and insufficient collaboration between academic institutions and hospitality establishments. There is a shortage of skilled frontline workers, as many hospitality programs focus on training for managerial roles, leaving a gap in essential operational staff.

To address these issues, FHRAI has made several key recommendations, including establishing a central portal by NCHMCT to connect hospitality establishments with students for internships and placements. Stronger partnerships between academic institutions and the industry would enable structured internships, offering students exposure to multiple departments. FHRAI also recommends updating hospitality curriculums every 3-5 years to align with industry trends, introducing a feedback mechanism for internships, and balancing the allocation of seats for both managerial and frontline roles. Additionally, real-world projects like event planning and property management would help students gain practical experience and be more job-ready.

Mr. K. Syama Raju, President, FHRAI said, “The hospitality industry is a cornerstone of India’s economy, and addressing the HR and skill gaps is critical for its growth. These recommendations are not just solutions for today, but investments for the future. We urge the Ministry of Tourism to consider these actionable points, as they will help create a sustainable and competitive workforce for India’s hospitality sector, while aligning with the vision of ‘Atmanirbhar Bharat’. We are committed to working closely with the Ministry and other stakeholders to bring these recommendations to life, ensuring a brighter, more sustainable future for India’s hospitality sector.”

FHRAI Centre of Excellence (CoE) recently organised an HR Summit that brought together industry experts, educators, and regulatory bodies to discuss solutions to these critical issues. FHRAI CoE firmly believes that these reforms will not only resolve existing issues but also foster innovation, inclusivity, and competitiveness within the hospitality sector, aligning with India’s long-term tourism and economic growth goals.

SWREL secures a prestigious domestic order valued at approx. Rs 1,200 crore

~BoS Package for 500 MW (AC) Solar PV project on EPC basis with Single Point responsibility in Gujarat

~It includes comprehensive O&M contract for a period of three years

Mumbai; December 23, 2024: Sterling and Wilson Renewable Energy Limited (SWREL) (BSE Scrip Code: 542760; NSE Symbol: SWSOLAR), a leading renewable EPC is proud to announce that it has received LoI for a prestigious new order totaling approx. Rs 1,200 crore in Gujarat.

The company received an order for the Design, Engineering, Procurement, and Construction of a Balance of System (BOS) for a 500 MW (AC) Solar PV project on EPC basis. In addition to EPC with single-point responsibility, it will also include comprehensive O&M for a period of three years.

Amit Jain, Global Chief Executive Officer - Sterling and Wilson Renewable Energy Group

Speaking on the new order announcement, Mr. Amit Jain, Global CEO, of Sterling and Wilson Renewable Energy Group shared, “We are proud to receive this prestigious order, which will support India and especially Gujarat’s transition towards clean energy. It is a matter of immense satisfaction for us that customers continue to repose their trust in our team to be a part of their growth in the domestic renewable market.”

“India is one of the world’s largest energy markets and must therefore focus on sustainable options to mitigate climate challenges while strengthening energy security, job creation and economic growth. We therefore remain confident about the future growth of India’s renewable energy sector and our increased role towards supporting it”, he added.