Adani Power, RailTel, and Vedanta Subsidiary Make Strategic Moves in Energy and Infrastructure Sectors
Adani Power has secured a 25-year Power Supply Agreement with Bihar State Power Generation Company, committing to deliver 2,400 MW from a new ultra-supercritical plant in Bhagalpur. The $3 billion project, won at a competitive rate of Rs 6.075 per KWh, will operate under a Design, Build, Finance, Own, and Operate model.
RailTel Corporation advances Bihar's education infrastructure with a Rs 209.79 crore contract to enhance quality under the PM SHRI initiative. The project, set for completion by September 2026, underscores the growing intersection of technology and public sector development.
Vedanta's Talwandi Sabo Power unit resolves protracted disputes with SEPCO Electric, clearing obstacles for its 3×660 MW thermal power project. The settlement terminates all arbitration proceedings, allowing the energy subsidiary to focus on operational execution.