SAEL Industries, ReNew Solar, Illuminate Hygren, Rays Power Infra, and Refex Green secured contracts for 1,200 MW of Solar Projects in NTPC's recent auction, aimed at developing ISTS-connected solar power in India. ReNew and Illuminate won at ₹2.51 per kWh, while SAEL, Refex, and Rays Power bid ₹2.
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