logo
Raminfo bags Rs 474 crore order for installing Rooftop Solar Projects

Raminfo bags Rs 474 crore order for installing Rooftop Solar Projects

Hans India5 days ago

Raminfo Limited, a tech solutions provider, has bagged an order worth ₹474 crore from Rajasthan Renewable Energy Corporation Limited (RRECL) through a consortium led by the Company. Raminfo has ventured into smart energy solutions to build a future with green and sustainable energy.
The scope of the order includes the Design, Supply, Erection, Testing, and Commissioning, along with Comprehensive Operation & Maintenance (O&M) for a period of 25 years, of Rooftop Solar (RTS) Photovoltaic Power Projects to be installed on buildings owned by the State Government and its undertakings across Rajasthan, under the Hybrid Annuity Mode (HAM) aggregating to a total capacity of 73 MW.
L. Srinath Reddy, Managing Director of Raminfo Limited said, 'Raminfo Limited will hold a 51% stake in this project through its SPV Raminfo Green Energy Private Limited, which will execute the project with a total capacity of 73 MW.
We offer reliable, innovative and affordable solar energy solutions. Our expertise and our unmatched project execution capabilities helps us deliver word class solutions with highest standards.
Solar is one of the fastest-growing renewable energy sources in the world and, with our integrated rooftop solar solutions, we aim to lead the charge of India's energy revolution to achieve rooftop solar targets on state government buildings at various locations in Rajasthan.'
Raminfo has ventured into energy industry by incorporating Raminfo Green Energy Private Limited, a subsidiary on May 5, 2025, which operates in the electricity, gas, steam, and air-conditioning supply sector. It aims to create a sustainable world with solar energy.
The rooftop solar industry in India is experiencing rapid growth, with the total installed capacity reaching 13.7 GW by the end of December 2024. The market is projected to continue expanding, with some estimates suggesting a market value of USD 4.46 billion by 2033. This growth is fuelled by government initiatives, decreasing both set up and overall storage costs, per unit cost savings and growing awareness of the benefits of rooftop solar.
Especially both Central Government, State Governments and private sectors investments in green energy is going to boost overall capacity addition in green energy which in turn is going to contribute for the rapid growth of the company.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Air India Dreamliner crash: Five ways families can claim compensation
Air India Dreamliner crash: Five ways families can claim compensation

Indian Express

time5 hours ago

  • Indian Express

Air India Dreamliner crash: Five ways families can claim compensation

The crash of Air India's Dreamliner on June 12 has brought renewed attention to the compensation available to the families of those who lost their lives. There are at least five avenues through which compensation can be claimed. Among them, compensation provided by Air India through its insurance coverage is mandatory. Additionally, the Tata Group has announced an ex-gratia payment of Rs one crore to the next of kin of each victim. In addition, there are three other potential sources of compensation—travel insurance, life insurance, and debit card insurance—available to the victims' families, provided the deceased had active policies under these covers. The crash is likely to result in claims of around Rs 4,000 crore ($ 470 million), making it one of the largest insurance claims involving a plane accident, with suits for claims likely to be lodged in foreign jurisdictions as several foreign nationals died in the accident, insurance sources said. It's estimated that hull will cost around $ 80 million and engine $ 45 million for insurers and reinsurers. While total liability insurance claims for people died in the crash are likely to touch $ 350 million, the final amount can vary depending on the claims lodged and the jurisdiction involved. Air India compensation from insurers: As per the Montreal Convention treaty, Air India will have to pay a minimum compensation of around Rs 1.50 crore each to the kin of victims of the plane crash. Air India will get adequate compensation for the lost aircraft from insurance companies. While interim compensation may be announced by the airline, final compensation for passengers will be determined under the Montreal Convention of 1999, to which India became a signatory in 2009. Compensation is calculated using Special Drawing Rights (SDRs), which stood at 128,821 SDRs (approximately USD 1.33 per SDR) as of October 2024. The actual payout will depend on the nature of claims and jurisdiction involved. Insurance sources said families can lodge claims in one of the several favourable jurisdictions like the carrier's domicile, place of ticket purchase and principal residence of the victim. It's learnt that the payout can change if Boeing or Air India was at fault. Sources don't rule out suits in other countries as nationals from Britain, Canada and Portugal died in the crash. Tata group compensation: In addition to the Air India insurance cover, the Tata Group will provide Rs 1 crore each to the families of the deceased in the crash of Air India's Boeing 787-8 Dreamliner in Ahmedabad. According to the Tata group, families of those who died on the ground will be eligible for the Rs 1 crore compensation and the medical expenses of those who suffered injuries would also be covered by the company, while ensuring necessary care and support. Among those feared dead and sustained injuries in ground impact are doctors, students, hospital staff and residents from the Meghaninagar area, close to the airport. Life insurance: The next of kin of passengers who died in the plane crash can also claim money from the insurance company if the passenger had taken a life insurance policy. LIC and other insurers have announced faster claim disposal in the case of Dreamliner death victims. If the victim had a term insurance policy of Rs one crore, his family can claim the amount. Any bodily injury that the policyholder sustains solely and directly from the accident, independent of other causes, that results in the death of the person within 180 days is deemed as a case of accidental death, ICICI Prudential Life Insurance says. Meanwhile, adding an accidental death benefit rider is entirely optional when a person takes a life cover. It can be beneficial for people who travel frequently. The accidental death benefit payout is given to the nominee in addition to the death benefit from regular life insurance. The rider can be helpful in providing enhanced financial protection to families, it says. Travel insurance: The families of plane crash victims can also claim insurance if the passenger had taken a travel insurance policy. Insurance companies offer travel policies which include an accidental death and dismemberment (AD&D) benefit that provides a lump-sum payment to the beneficiaries in the event of the insured's death or dismemberment as a result of an accident during the trip, including air travel accidents. Several flights cancellations and delays have happened in the wake of the Dreamliner crash and the Iran-Israel war of late. 'Travel Insurance covers the expenses incurred for the time duration that you spend waiting for the flight. One gets reimbursement for the meals, refreshments and essential purchases depending upon the Sum Insured and policy coverage schedule. For flight cancellation, usually the cancellation has to be due to a valid reason such as weather disturbances, terrorism activity or natural disaster,' HDFC Ergo says in its explanatory note. Card insurance: Family members of persons who lost their lives in the Air India Boeing 787 Dreamliner crash can also claim insurance on some of the eligible debit cards owned by the deceased. Some banks provide complimentary personal air accident insurance cover in case of death on eligible debit cards. However, the insurance cover varies based on the category of the debit card owned by the holder. The catch is that there are several riders like the usage of card and one transaction in preceding 30 days for making a claim, which may not ultimately benefit the cardholder.

Hailey Bieber Shares UNSEEN Pregnancy Pic of Son Jack Blues' Baby Bump Amid Justin Bieber Divorce Rumors
Hailey Bieber Shares UNSEEN Pregnancy Pic of Son Jack Blues' Baby Bump Amid Justin Bieber Divorce Rumors

Pink Villa

time7 hours ago

  • Pink Villa

Hailey Bieber Shares UNSEEN Pregnancy Pic of Son Jack Blues' Baby Bump Amid Justin Bieber Divorce Rumors

Hailey Bieber, founder and creative lead of Rhode Beauty, stirred fresh buzz by posting an unseen pregnancy photo of herself with son Jack Blues Bieber. The Instagram Story, accompanied by the caption 'June 22, 2024, now my baby is 10 months old' and crying‑face emojis, shows her in a soft pink gown and sleek bob hairstyle that elegantly showcased her baby bump. This emotional post comes amid intensifying divorce rumors. Reports from the Sun say Hailey was spotted in New York twice without her wedding ring, first during breakfast at The Commerce Inn, then out for a girls' night, making a pointed fashion statement that fueled speculation. Why did Hailey Bieber go ringless? Photographers captured her deliberately displaying her left hand, sparking theories that the ringless gesture was intentional. Insiders suggest she's 'fed up' with Justin's unpredictable conduct, ranging from strip‑club outings and cryptic social media posts to a Father's Day tribute that omitted both her and baby Jack. Justin Bieber, who recently marked his first Father's Day with the family by posting luxury gifts like a USD 38K Audemars Piguet watch and custom bracelet for Jack Blues, also shared cryptic messages about 'transactional relationships'. He's been described by insiders as emotionally volatile, with fans and acquaintances noting a concerning decline in his online behavior. Yet despite rumors, a recent in-depth report in Vanity Fair suggests the couple remains committed. The article suggests Hailey's protective focus on motherhood and Justin's ongoing personal growth. Hailey Bieber recently finalized a USD 1 billion acquisition of her skincare brand Rhode by E.l.f. Beauty, reinforcing her leadership in the beauty industry. The deal includes USD 600 million in cash, USD 200 million in E.l.f. stock, plus up to an additional USD 200 million in future earn‑outs tied to growth over the next three years, as per Forbes. The acquisition also paves the way for a Sephora rollout in North America and the U.K. by the end of the year, leveraging E.l.f.'s retail network. While divorce rumors swirl, Hailey Bieber continues to shape her own narrative, both personally and professionally.

Outdoor advertising gains traction, diversifies commercial real estate revenue streams
Outdoor advertising gains traction, diversifies commercial real estate revenue streams

India Gazette

time8 hours ago

  • India Gazette

Outdoor advertising gains traction, diversifies commercial real estate revenue streams

New Delhi [India], June 22 (ANI): As malls turn into entertainment hubs and office complexes include shops and cafes, real estate developers are finding new value in outdoor advertising. What was once just an extra branding element is now becoming an important part of the commercial real estate business strategy, say several industry executives. By definition, outdoor advertising or out-of-home (OOH) advertising is a form of marketing that reaches consumers when they are outside their homes. The real estate executives say that outdoor advertising has moved from the basic static hoardings to a high-revenue-generating, value-added business segment for commercial properties. Umang Jindal, Chief Executive Officer (CEO) at Homeland Group, says that advertising is rapidly becoming a core vertical as commercial assets have become a mixed-use place. 'As commercial assets become mixed-use destinations, advertising is no longer peripheral--it's fast becoming a core vertical that adds strategic value,' said Homeland Group CEO. 'Growing urbanisation and pedestrian flow have transformed buildings into potential media channels. Facades, rooftops, digital billboards, and transition points in commercial buildings are strategically used for brand exposure,' said Vijay Kamboj, Founder, Bric-X Infra. According to the data made available by MarkNtel, an Indian data intelligence firm, the Digital Out-of-Home Advertising Market size was valued at around USD 284 million in 2024 and is projected to reach USD 620 million by 2030, said the firm in its report. The executives say that advertising income normally represents 3 per cent to 8 per cent of the revenues of a commercial building, but it can reach more than 10 per cent on marquee frontage and digitally enabled display properties. 'It contributes about 7 per cent to 10 per cent to the total income of a commercial property. Outdoor advertising in premium Special Economic Zones or transit points can drive revenues as high as 12 per cent or even more,' said G Hari Babu, National President of NAREDCO. On the other hand, the executives representing electronic equipment say that they have seen traction in the Indian markets. 'Digital billboards, LED screens, interactive displays, and digital transit advertising are becoming more common in major cities like Mumbai, Delhi, Bangalore, and Chennai,' said Muneer Ahmad, Vice President (Audio/Visual Business) ViewSonic India. He added that demand for digital out-of-home advertising is rapidly rising in India as consumer preferences shift from traditional to digital platforms, noting that global real estate players are ramping up their investments more than their Indian counterparts. Indian players are increasingly looking for popular sites to maximise their presence in the crowded or popular places, giving more visibility to the brands. Observing the trends, Ashish Gupta, Director - Mandate Strategy, ANAROCK Group, says that revenue potential is a function of the location and the amount of traffic or footfall it sees. 'ANAROCK Creative Agency focuses on locations such as Bandra Kurla Complex (Mumbai), Cyber Hub (Gurugram), Connaught Place (Delhi), MG Road (Bengaluru), and HiTech City (Hyderabad) to drive the highest value for our developer clients' digital advertising spends,' the ANAROCK Group Director added. Sharing more insights on the specifics of the market, Bric-X Infra Founder added that in Delhi NCR and Gurugram, there is strong demand for non-traditional advertising media such as facades, terrace edges, lobby screens, and elevator wraps. He added that advertisers are keen to utilise these eyeball-catching, out-of-home locations to create experience-based brand interactions. 'Experiential activations and pop-ups in amenity spaces are also gaining momentum, allowing brands to reach captive audiences within commercial buildings beyond captive audiences in traditional billboard sites,' Kamboj added. (ANI)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store