ReNew inaugurates 400 MW solar project in Rajasthan
New Delhi, Jul 24 (PTI) ReNew on Wednesday said it has inaugurated a 400 megawatt (MW) solar project in Rajasthan. Rajasthan Chief Minister Bhajan Lal Sharma inaugurated the project in the presence of SECI Chairman R P Gupta, and ReNew’s Founder, Chairman and CEO Sumant Sinha, among other dignitaries, the company said in a statement. […] Key Points
ThePrintPM GatiShakti: 3 infra projects worth Rs 6,000 cr evaluated
The MoR project pertains to Gudur-Renigunta Third Rail Line in Andhra Pradesh for the construction of a third rail line between Gudur and Renigunta stations in Andhra Pradeshs Tirupati district involves an 83.17 km line aimed at enhancing the capacity of the existing double line. Key Points
Economic TimesIndia reaches out to multilateral development banks to draw road map for becoming developed nation by 204
The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a budget-plus and finance-plus strategy, which would essentially cover the entire spectrum of project execution and go beyond just planning and financing, people aware of the details told ET. The ministry has reached out to various multilateral bodies to help mobilise other development finance institutions (DFIs) and investors, they said. Key Points
Economic TimesMegha Engineering: Started business with just Rs 5 lakh, now 2nd-largest buyer of electoral bonds
MEIL bought a total of Rs 966 crore worth of bonds between financial years 2019-20 and 2023-24. The unlisted private firm was founded in 1989 by industrialist Pamireddy Pitchi Reddy as Megha Engineering Enterprises, manufacturing pipes for municipalities. Key Points
Business TodayApple cancels self-driving electric vehicle project to lay off workers: Report
Some employees will be shifted to Apple’s generative AI (GenAI) projects. The Apple car project had around 1,400 employees.. Apple has reportedly shelved... Key Points
The Tribune India
Kalyani Steel to invest Rs 11,750 crore in Odisha
Kalyani Steel Ltd (KSL) signs MoU with Odisha to invest Rs 11,750 crore in Titanium Metal and Aerospace Components Manufacturing, and Integrated Specialty Steel and Automotive Components Manufacturing Complex. The project is expected to create 10,000 jobs. Key Points
Times Of IndiaIn Devbhumi Himachal Pradesh, Kullu residents oppose ropeway to temple. 'Mahadev is against this'
Opposition to project has been reported since last year. Such deep rooted is traditions in Kullu that people seek blessings from deities before starting any major work. Key Points
ThePrintJICA extends Rs 2,809 crore loan for Chennai road project
Chennai, Feb 20 (PTI) The Japan International Cooperation Agency on Tuesday said it has signed a loan agreement amounting to about Rs 2,809 crore for the construction of the second phase of the Chennai Peripheral Ring Road Project. The loan amount translates into 49,847 million Japanese Yen. The Chennai Peripheral Ring Road is placed as […] Key Points
ThePrintUnfinished after 20 yrs, Andhra's Polavaram dam plagued by technical issues, funds crunch, politics
Since work on the project started in 2005, the project cost has swollen manifold. State govt officials hope that the upcoming general and assembly polls will help speed things up. Key Points
ThePrintA white elephant? No water from Kaleshwaram, but project costs Telangana around Rs 18,000 cr annually
State had set up a Special Purpose Vehicle for the Rs 1 lakh crore Kaleshwaram irrigation project, which raised loans worth Rs 87,449.15 crore. The rest has to be repaid over next 12 years. Key Points
ThePrint
Bullet train project gets new head
In his earlier role, Vivek Kumar Gupta was responsible for the integrated functioning of Civil (Works, project Monitoring & Station Development), Electrical (RE), Signal & Telecommunication, Traffic, Finance, Planning, and Economic Directorates. National High-Speed Rail Corporation Limited (NHSRCL) is a Special Purpose Vehicle with equity participation by Central Government through Ministry of Railways and two State Governments of Gujarat and Maharashtra. It is implementing India's first bullet train project. Key Points
Economic TimesTalabira Thermal Power Plant set to be completed by 2028-29, says NLC India chairman
India Business News: Prime Minister Narendra Modi is set to lay foundation stone of Talabira thermal power project in Odisha on February 3, the Neyveli Lignite Corporation's (NLC) India announced on Friday. The project, with a capacity of 3200MW, aims to provide affordable electricity in the state. Key Points
Times Of IndiaIntel delays $20 billion Ohio project, citing slow chip market: report
Its initial timeline had chip-making starting next year. Construction on the manufacturing facilities now is not expected to be finished until late 2026, the report said, citing people involved in the project. Key Points
Economic TimesIRB Infrastructure Trust wins Rs 1,720 crore arbitration award
Yedeshi Aurangabad Tollway Ltd (YATL), a special purpose vehicle of IRB Infrastructure Trust, has won an arbitration award of Rs 1,720 crore for the Yedeshi Aurangabad NH211 BOT highway project. The Arbitration Tribunal directed the National Highways Authority of India (NHAI) to pay compensation of Rs 1,720 crore, including interest, and grant an extension of 689 days to the concession period. Key Points
Economic TimesPM GatiShakti spurs planning, implementation of Ayodhya bypass project: Commerce ministry
It will cover key districts such as Lucknow, Basti, and Gonda. This project will facilitate improvement in connectivity to economic, social and logistics nodes, including tourist and pilgrim sites, across these three districts, the ministry said in a statement. Key Points
Economic Times
NBCC ventures into major govt development projects outside Delhi with Rs 2,650-cr Kochi complex
Commercial-cum-residential project in Kochi to be developed on a 18-acre land parcel for Kerala State Housing Board. Work is expected to begin in June. Key Points
ThePrintApple is working on its own electric vehicle, release date tipped
Apple's long-anticipated electric vehicle project, codenamed project Titan, is back in the spotlight with a new release date set for 2028. Here is everything we know about it. Key Points
India TodayWork on India's first bullet train project from Mumbai-Ahmedabad as per schedule, says
'... Work is going on as per schedule. The work of the Mumbai-Thane under-sea tunnel has also begun... The construction of bridges on eight rivers that will lie on the route is going on rapidly... The work on Sabarmati terminal station is also nearly completed,' Key Points
FirstpostSJVN Green Energy inks pact to supply 200 MW solar power to Uttarakhand Power Corp
New Delhi, Jan 5 (PTI) SJVN Green Energy Ltd has signed a pact with Uttarakhand Power Corporation Ltd (UPCL) to supply 200 MW solar power from a 1,000 MW Bikaner project in Rajasthan. State-owned SJVN, through its wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) has signed a Power Usage Agreement (PUA) with UPCL. The solar […] Key Points
ThePrintCabinet approves 6-lane bridge over Ganga in Bihar, road project in Tripura
Chaired by Prime Minister Narendra Modi, the Cabinet Committee on Economic Affairs granted approval for a bridge in Bihar and road widening in Tripura, with a total investment exceeding Rs 5500 crore. The committee approved the construction of a 4556 m long, 6-lane cable-stayed bridge across the Ganga in Bihar at a cost of Rs 3,064.45 crore. Key Points
Economic TimesCentre approves widening of Khowai-Harina road in Tripura
New Delhi [India], December 27 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, gave its approval for improvement and widening to two lane with paved shoulder of road from Khowai to Harina, covering a total length of 134.9 km in Tripura. The project involves an investment of Rs 2,486.78 crore, which includes a […] Key Points
ThePrintDLF to generate Rs 1,400 crore from Gurugram and Panchkula projects
The project is fully sold out, with substantial interest from end users. The high-street segment is in high demand, and the presence of several residential developments in proximity to the project will attract foot traffic to the complex, said Aakash Ohri, joint managing director of DLF Home Developers Ltd. Key Points
Economic TimesGram Unnati partners with Uttar Pradesh govt for agri transformation
Spanning a timeline of three to five years its overarching goal is to elevate farmer incomes and preserve vital natural resources. The primary objectives are to significantly enhance farmer incomes by 15% to 25% and to conserve crucial natural resources, including reducing water usage for irrigation by an impressive 60% to 80%. Key Points
Economic TimesSupreme Court upholds e-auction of India’s tallest tower Palais Royale, paves way for completion
The project, started in 2007 and touted to be the most ambitious real estate project in the country, has faced numerous challenges over the last 10 years. Legal disputes and hurdles had cast a shadow over the 320-meter-high, 88-storey, tower, delaying its progress and raising concerns among investors and stakeholders. In 2010, the developer, Shree Ram Urban Infrastructure Ltd, availed of a Rs 900 crore loan from Indiabulls Housing Finance with this project as collateral. The erstwhile promoter of Shree Ram Urban also stood as personal guarantor to the loan. Key Points
Economic TimesThe First Small-Scale Nuclear Plant in the US Died Before It Could Live
Six nuclear reactors just 9 feet across planned for Idaho were supposed to prove out the dream of cheap, small-scale nuclear energy. Now the project has been canceled. Key Points
WIRED
A New Type of Geothermal Power Plant Just Made the Internet a Little Greener
A new approach to geothermal energy makes it possible to tap the energy of hot rocks just about anywhere. A pilot plant in Nevada is now helping to power Google data centers. Key Points
WIREDView: Upper Siang hydropower project critical to counter China's plans
Since people in both Arunachal and Assam are heavily dependent on the Brahmaputra river for their quotidian water needs, the diversion of lean season flows will affect their day to day existence and the flora, fauna and the river ecology of the region. Large volume of water storage by China at the Great Bend project could also lead to artificial floods during monsoon in Arunachal Pradesh and Assam. Key Points
Economic TimesSJVN's Naitwar Mori hydro project's first unit starts commercial operations
New Delhi, Nov 24 (PTI) The first unit of SJVN’s 60 MW Naitwar Mori Hydro Electric project (NMHEP) in Uttarakhand has started commercial operations. The first unit of 30 MW capacity achieved the Commercial Operation Date (COD) today, the company’s CMD Nand Lal Sharma said in a statement on Friday. “The unit has at 60 […] Key Points
ThePrintUttarkashi tunnel collapse: India's infrastructure play to counter China threat
Prime Minister Narendra Modi had laid the foundation stone of the project in 2016. The project, called Char Dham Mahamarg, will comprise nearly 900 km of highways, including several bridges and tunnels, and will cost Rs 12,000 crore. The project had courted controversy due to concerns raised over building of roads in ecoologically fragile areas. Key Points
Economic TimesNarayana Health to set up Rs 1,000-cr super speciality hospital in Kolkata
Kolkata, Nov 21 (PTI) Narayana Health is planning to set up a 1,000-bed super speciality hospital in Kolkata in the next two years, its chairman Devi Prasad Shetty said on Tuesday. Shetty, a renowned cardiac surgeon, said Narayana Health has earmarked Rs 1,000 crore for the project. “It is my dream to come up with […] Key Points
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Environmental groups urge funding halt for TotalEnergies' Mozambique project
Banks and other financiers should withdraw their support of TotalEnergies' (TTEF.PA) $20 billion liquefied natural gas (LNG) terminal in Mozambique, environmental lobby groups urged in a letter sent to more than two dozen project funders on Friday. Key Points
ReutersCentre blames Telangana for 'defective' Kaleshwaram project but central agencies gave clearances too
4 years after over Rs 1 lakh crore-Kaleshwaram Lift Irrigation project was commissioned, 6 piers of one of 3 barrages sank in Oct. Probe to begin, restoration yet to be undertaken. Key Points
ThePrintThe First Small-Scale Nuclear Plant in the US Died Before It Could Live
Six nuclear reactors just 9 feet across planned for Idaho were supposed to prove out the dream of cheap, small-scale nuclear energy. Now the project has been canceled. Key Points
WIREDDilip Buildcon signs agreement for Rs 397 crore project in Rajasthan
New Delhi, Oct 9 (PTI) Infrastructure company Dilip Buildcon on Monday said it has signed an agreement for a project worth Rs 396.93 crore in Rajasthan after receiving a Letter Of Acceptance (LOA) from the water resources zone, Udaipur. The Engineering, Procurement and Construction (EPC) Turnkey-based project is to be completed in 44 months, Dilip […] Key Points
ThePrintUNESCO, Dutch launch project to prepare for AI supervision
The Netherlands and the U.N. on Thursday launched a project to help prepare Europe's national agencies to supervise artificial intelligence (AI). Key Points
ReutersMEIL secures USD 648 mln contract in Mongolia
Hyderabad (Telangana) [India], September 29 (ANI): Megha Engineering and Infrastructures Limited (MEIL) has secured a Letter of Agreement (LOA) for constructing a crude oil refinery plant in Mongolia. The project, valued at USD 648 million, is the company’s third project in the country. The new project will come up within the country’s first greenfield Mongol […] Key Points
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