GE Power India Secures Hydro Business Contract from Blue Energy Limited

Key Takeaways from the Order Win

• GE Power India secures an international contract from Blue Energy Limited for the Super Trishuli Hydropower Project.
• The contract is valued at INR 2,404 million and NPR 340 million, exclusive of taxes.
• The project is expected to be executed over 42 months.

As per a stock exchange filing, the order, valued at INR 2,404 million and NPR 340 million (exclusive of taxes and duties), involves the design, engineering, procurement, and supply of equipment for the 100 MW Super Trishuli Hydropower Project (HPP). This international contract includes the supply of turbines, governing systems, generators, control, and protection systems, along with the erection, testing, and commissioning of GE Vernova equipment at the project site. 

The project is expected to be completed in 42 months, and the contract will be accounted for in line with the business transfer agreement between GE Power India and GE Vernova Hydro Power India.

About GE Power India Limited

GE Power India Limited is a leading company specialising in the engineering, manufacturing, and management of power plant infrastructure and equipment. With a diverse range of services that include procurement, construction, and maintenance, the company is known for delivering comprehensive power solutions. GE Power India operates engineering centres in Noida and Kolkata and has a manufacturing unit for boilers located in Durgapur.

Established on September 2, 1992, under the name Asea Brown Boveri Management Limited, GE Power India is a publicly listed company with shares traded on both BSE Limited and the National Stock Exchange of India Limited.

Key Takeaways from Birla Estates' Sales Success:

• Birla Trimaya Phase II – The Park sold nearly 95% of its inventory within 24 hours, achieving bookings worth approximately Rs 600 Crore.
• Combining sales from both Phase I and Phase II, the total booking value now stands at around Rs 1,100 Crore, with an expected revenue potential of Rs 3,000 Crore for the entire 52-acre project.
• The project, located on Shettigere Road in Devanahalli, North Bengaluru, offers a variety of residential choices, including apartments, row houses, and duplex homes.
• Birla Estates emphasizes consumer understanding and innovative design, with plans to strengthen its presence as a leading real estate company in India, focusing on sustainability and customer satisfaction.

This success follows the strong performance of Phase I, which secured approximately Rs 500 Crore in bookings in only 36 hours. The total booking value for both phases now stands at around Rs 1,100 Crore, with the entire 52-acre project expected to generate revenue potential of about Rs 3,000 Crore.

Located on Shettigere Road in Devanahalli, North Bengaluru, Birla Trimaya Phase II offers a range of living options, including apartments, row houses, and duplex homes. The project's strategic location and thoughtful design cater to the needs of homebuyers in the fast-growing real estate market of North Bengaluru.

K. T. Jithendran, MD & CEO of Birla Estates, said, “Our exceptional sell on both our phases of Birla Trimaya is a testament of our focus on consumer understanding and commitment to crafting quality spaces curated for their specific needs. Our focus on design differentiation and deep understand of the market has created this new benchmark. Bengaluru remains a key focus market in our growth plans.” 

M R Seetharam, designated partner of M S Ramaiah Realty LLP said, “Our collaboration with Birla Estates underscores our commitment to developing exceptional residences that enhance the quality of living for the residents of Bengaluru.” 

Birla Estates aims to establish itself as a top real estate company in India, focusing on sustainable development, customer satisfaction, and innovative design. The company is headquartered in Mumbai and has regional offices in NCR, Bengaluru, and Pune.

About Birla Estates Private Limited:

Birla Estates Private Limited is a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly known as Century Textiles and Industries Limited). In a short time, Birla Estates has become a preferred name in the real estate market. The company focuses on developing high-quality residential properties in important locations. Headquartered in Mumbai, Birla Estates has regional offices in NCR, Bengaluru, and Pune. It also owns two grade-A commercial buildings in Worli, Mumbai, offering around 600,000 square feet of leasable space.

Birla Estates acquires land through direct purchases and joint ventures, in addition to developing its own land. The company aims to create top-notch residential, commercial, and mixed-use properties and aspires to be one of the leading real estate companies in India. Its core values include sustainability, quality execution, customer focus, and thoughtful design.

Key Takeaways from Birla Estates' Sales Success:

• Birla Trimaya Phase II – The Park sold nearly 95% of its inventory within 24 hours, achieving bookings worth approximately Rs 600 Crore.
• Combining sales from both Phase I and Phase II, the total booking value now stands at around Rs 1,100 Crore, with an expected revenue potential of Rs 3,000 Crore for the entire 52-acre project.
• The project, located on Shettigere Road in Devanahalli, North Bengaluru, offers a variety of residential choices, including apartments, row houses, and duplex homes.
• Birla Estates emphasizes consumer understanding and innovative design, with plans to strengthen its presence as a leading real estate company in India, focusing on sustainability and customer satisfaction.

This success follows the strong performance of Phase I, which secured approximately Rs 500 Crore in bookings in only 36 hours. The total booking value for both phases now stands at around Rs 1,100 Crore, with the entire 52-acre project expected to generate revenue potential of about Rs 3,000 Crore.

Located on Shettigere Road in Devanahalli, North Bengaluru, Birla Trimaya Phase II offers a range of living options, including apartments, row houses, and duplex homes. The project's strategic location and thoughtful design cater to the needs of homebuyers in the fast-growing real estate market of North Bengaluru.

K. T. Jithendran, MD & CEO of Birla Estates, said, “Our exceptional sell on both our phases of Birla Trimaya is a testament of our focus on consumer understanding and commitment to crafting quality spaces curated for their specific needs. Our focus on design differentiation and deep understand of the market has created this new benchmark. Bengaluru remains a key focus market in our growth plans.” 

M R Seetharam, designated partner of M S Ramaiah Realty LLP said, “Our collaboration with Birla Estates underscores our commitment to developing exceptional residences that enhance the quality of living for the residents of Bengaluru.” 

Birla Estates aims to establish itself as a top real estate company in India, focusing on sustainable development, customer satisfaction, and innovative design. The company is headquartered in Mumbai and has regional offices in NCR, Bengaluru, and Pune.

About Birla Estates Private Limited:

Birla Estates Private Limited is a wholly owned subsidiary of Aditya Birla Real Estate Limited (formerly known as Century Textiles and Industries Limited). In a short time, Birla Estates has become a preferred name in the real estate market. The company focuses on developing high-quality residential properties in important locations. Headquartered in Mumbai, Birla Estates has regional offices in NCR, Bengaluru, and Pune. It also owns two grade-A commercial buildings in Worli, Mumbai, offering around 600,000 square feet of leasable space.

Birla Estates acquires land through direct purchases and joint ventures, in addition to developing its own land. The company aims to create top-notch residential, commercial, and mixed-use properties and aspires to be one of the leading real estate companies in India. Its core values include sustainability, quality execution, customer focus, and thoughtful design.

Key Takeaway from the ABB and IIT Bombay Partnership

• IIT Bombay partners with ABB India to create an advanced teaching lab for electrical machines and drives, focusing on energy efficiency.
• The lab will provide hands-on training with modern industrial technologies like VFDs and PLCs, emulating real-world energy applications.
• The partnership aims to prepare engineers with knowledge of sustainable, energy-efficient technologies.
• ABB India has previously collaborated with other educational institutes like IIT Roorkee, contributing to smart electricity and technical upskilling projects.

As per a stock exchange filing, this partnership aims to equip students with hands-on training in modern, energy-efficient industrial systems, preparing them for future roles in evolving energy sectors. The lab will feature cutting-edge technologies such as variable-frequency drives (VFDs), programmable logic controllers (PLCs), and systems emulating industrial applications like wind turbines and electric vehicle drivetrains. With ABB India’s support, the lab will promote both technological innovation and environmental sustainability in engineering education.

Sanjeev Arora, President, Motion Business, ABB India said, “We are humbled to partner with the premier education institute IIT Bombay to support the institute in nurturing the next generation of engineers who are well-equipped to address the evolving demands of the industrial sectors with a focus on energy efficiency and conservation. The advanced technologies used in the new lab are innovative and sustainable in nature, ensuring that future engineers prioritize sustainability in their careers while contributing to a more resource-efficient world.” 

ABB India has previously collaborated with various institutions to advance technical education and upskilling initiatives. At IIT Roorkee, the company worked on the construction of a smart electricity distribution network and management system. In partnership with the National Institute of Technical Teachers Training & Research (NITTTR) Chandigarh, ABB set up a pioneering multi-physics digital simulation centre in 2019. Additionally, ABB India has focused on empowering disadvantaged youth, especially girls, through its Community IT and Skill Centre in Faridabad, operated with Udayan Care. Furthermore, ABB signed an MoU to refurbish the government ITI in Bengaluru's Peenya Industrial Area under its CSR initiatives.

Highlighting the importance of this partnership, Prof. Shireesh Kedare, Director of IIT Bombay, said, “IIT Bombay's partnership with ABB India marks a significant step toward empowering our students with advanced technical expertise and a deep understanding of sustainable energy systems. This state-of-the-art lab will provide immersive, hands-on training in cutting-edge technologies that mirror real-world industrial applications. Our goal is to nurture engineers who are not only skilled innovators but also champions of energy efficiency and environmental stewardship, prepared to lead the way in shaping a sustainable and resource-efficient future."

About IIT Bombay  

Founded in 1958, Indian Institute of Technology Bombay is the second IIT established and is globally recognised as a leading institution in engineering education and research. On July 9, 2018, it was designated as an 'Institution of Eminence' by the Ministry of Education. IIT Bombay is known for its exceptional faculty and the high calibre of its students. The institute comprises 17 academic departments, 31 centres and academic facilities, three schools, and three interdisciplinary programs. Over the past 60 years, more than 70,000 engineers and scientists have graduated from IIT Bombay. It is supported by over 715 faculty members, renowned both in India and internationally for their contributions to education and research. As of April 10, 2024, IIT Bombay was ranked 45th globally in Engineering and Technology in the QS World University Rankings by Subject.

About ABB India Limited

ABB is a global leader in electrification and automation technologies, focusing on promoting sustainability and resource efficiency. The company's solutions integrate engineering expertise and software to enhance manufacturing, transportation, energy, and operations. With a history spanning over 140 years, ABB employs more than 105,000 people who are dedicated to driving innovations that propel industrial transformation.