Dev IT Bags Contract to Implement RERA 2.0 Project in Rajasthan

Key Takeaways from Dev Information Technology Contract Win:

• Dev Information Technology has secured a significant contract from RajCOMP Info Services Limited in Rajasthan.
• This is an initiative under RERA 2.0, which seeks the upliftment of the real estate industry.
• The project amounts to nearly 1 Crore and will take about 24 months to complete.
• DEV IT will conduct the study, design, development, and implementation of the RERA 2.0 Online Portal as support for a sustainable real estate market in Rajasthan.

The contract is expected to be delivered within 24 months. In the course of this agreement, DEV IT will conduct a study, design, development, and implementation for the RERA 2.0 Online Portal. 

The ultimate aim would be the improvement of its potential to serve according to Rajasthan's vision for the future in relation to a sustainable and booming real estate sector.

Commenting on the recent order, Pranav Pandya, Founder & Chairman, said, “ Such contracts demonstrate our capability to address complex IT requirements and deliver impactful solutions that improve public sector services”. 

“The growing trust from public sector clients underscores our expertise. Our collaboration with the Government of Rajasthan marks an important milestone, and we look forward to future opportunities,” added Pandya.

About Dev Information Technology Limited:

Founded in the year 1997, Dev Information Technology Limited is a business automation software solutions provider company that has grown from being a small-scale venture to becoming one of the leading IT services companies in the world. It is a city-based company that is widely spread across India and Canada, but has given immense importance to continuous innovation and quality and focuses on effective process mechanisms with a client-centric approach to understand the specific goals of various businesses around the world. 

The company specialises in Cloud Services, Digital Transformation, and Application Development, among other things, DEV IT offers its products- the analytics platform Talligence, and ByteSigner, the digital signing solution. The company is committed to making businesses better through advanced technology solutions and has a fulfilling experience for its customers, guided by a well-balanced and robust leadership team at the helm of affairs, driving its vision forward. With DEV IT, the future course is planned and will pursue digital transformation and superior value delivery, embracing new opportunities and challenges as it continues along the path forward.

Key Takeaways from the Order Win:

• Surana Solar Limited has secured a Letter of Award for a 54 MW (AC) solar project under the Mukhyamantri Saur Krushi Vahini Yojna 2.0.
• A tariff of ₹2.99 per kWh will be applied, with a subsidy of ₹1.05 crore per MW.
• The project is to be commissioned within 12 months and will have a contract period of 25 years from the commissioning date.
• The total estimated cost of the project is ₹189 crores.

This initiative, which has been launched by the Maharashtra State Electricity Distribution Co. Ltd., aims at feeder-level solarisation the under PM-KUSUM Scheme. The project will be in Maharashtra. 

According to a stock exchange filing, the contract will include a tariff of ₹2.99 per kWh and a subsidy of ₹1.05 crore per MW. The project will be commissioned in 12 months from the date of the Letter of Award (LOA). The contract is for 25 years from the date of commissioning. This contract is for power procurement under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. It is a domestic initiative to supply 54 MW (AC) of power from the solar facility at an estimated project cost of ₹189 crores. 

About Surana Solar Limited

Surana Solar Ltd., established in 2006, is a part of the Surana Group and focuses on manufacturing solar photovoltaic modules, generating wind and solar power, and trading solar-related products. The company specialises in the engineering, procurement, and construction (EPC) of power projects on a turnkey basis, primarily in the range of 1 MW to 15 MW. It offers both grid-connected and off-grid photovoltaic power plants in open areas, contributing to the renewable energy sector.

Key Takeaways from the Order Win

• KEC International has won orders worth ₹1,003 crores across the railways, civil, and cable sectors.
• The civil business expands into the metals and mining sector with a new steel plant order.
• With these orders, the year-to-date order intake exceeds ₹12,300 crores, reflecting 60% growth compared to last year.

As mentioned in a stock exchange filing, KEC International has bagged an order for a tunnel ventilation system and associated works in India as part of its railway business. The Civil segment of the company has received a new order for civil and mechanical works in a steel plant in India. The Cables business has also secured orders for the supply of various types of cables for the domestic and export markets. 

Commenting on the order win, Mr Vimal Kejriwal, MD & CEO, of KEC International Ltd. said, “We are pleased with the order wins secured across our business verticals. Our Railway business has strengthened its presence in the emerging Tunnel Ventilation segment, while our Civil business has expanded its portfolio with the addition of a prestigious new client in the Metals & Mining segment. With these orders, our YTD order intake stands at over Rs. 12,300 crores, reflecting a stellar growth of over 60% compared to last year. Notably, a substantial ~70% of this year’s order intake comes from our Transmission & Distribution (T&D) business.”

About KEC International Limited 

KEC International is a leading global player in the Engineering, Procurement, and Construction (EPC) sector. The company operates across various verticals including Power Transmission and Distribution, Railways, Civil and urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. With ongoing infrastructure projects in over 30 countries and a presence in more than 110 countries (spanning EPC and the supply of towers and cables), KEC is the flagship company of the RPG Group.

About RPG Enterprises

Founded in 1979, RPG Enterprises is one of India's fastest-growing business groups, with a revenue of USD 4.8 billion. The group has a diverse range of businesses spanning Infrastructure, Tyres, Pharmaceuticals, IT, and Specialty sectors, along with a focus on emerging, innovation-driven technology ventures.

Key Takeaways from Patel Engineering’s Contract Win:

• Patel Engineering has won a Rs 240.02 crore contract, which it will execute in 18 months.
• Civil and hydro-mechanical works for the Teesta V Power Station located in Sikkim's South District include diversion tunnel modification along a 164m stretch to form a tunnel spillway.
• The other company that is currently working on NHPC - Teesta VI Hydro Electric Project (Lot-2) situated about 30 km from the new site near Singtam, has pipes of 30-inch diameter and a length of 2500 metres or similar joints.
• The key tasks consist of a tunnel spillway, an adit, a gate operation chamber, a gate shaft, a precast bridge, access roads, and energy dissipation structures.
• The above agreement seems to give the impression that Patel Engineering has won the trust of NHPC in its technical and developmental capabilities to build hydroelectric infrastructure for the green power source in the region.

The contract involves the modification of a diversion tunnel into a tunnel spillway arrangement as part of the civil and hydro-mechanical works for Package 6 of the Teesta-V Power Station, located in Sikkim’s South District.

The company is currently working on NHPC - Teesta VI Hydro Electric Project (Lot-2), which is about 30 km from the new site near Singtam. The latest contract once again reflects the confidence that NHPC has in PEL's capability and commitment to develop the region's hydroelectric infrastructure for fostering sustainable energy development in Sikkim.

The contract consists of the construction of several components like the tunnel spillway, adit, gate operation chamber, gate shaft, precast bridge, access roads, and energy dissipation structures. In addition, PEL will construct an environmental flow dyke and tunnel with its associated GOC.

About NHPC Limited:

NHPC Limited was formerly known as the National Hydroelectric Power Corporation and was established in 1975. Currently, it is India's largest hydropower development organisation, capable of handling all aspects of hydro project development. The organisation has diversified into solar and wind energy. It has an aggregate installed capacity of 7,144.20 MW, with 6,971.20 MW accounted for by hydropower alone, which makes up around 14.85% of the total hydro capacity in the country. Currently, NHPC is constructing 15 projects that have an aggregate capacity of 10,442.70 MW, and it also has 12 more projects under clearance, while four hydroelectric and six pumped storage projects are under survey. 

About Patel Engineering Limited:

Patel Engineering Limited (PEL) is a company with a history of 75 years of service, established in 1949. PEL is an expert contractor that specialises in executing irrigation, tunnels and underground work for hydroelectric and dam projects. The company has delivered projects both in the domestic and international markets. The company has successfully executed over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling work, mainly for central public sector units and state government entities.