Torrent Power has inked four initial pacts with the Gujarat government to invest Rs 47,350 crore in renewable energy, green hydrogen and electricity distribution. Torrent Power Ltd, the integrated power utility of the diversified Torrent Group, has signed four non-binding Memorandum of Understanding (MoUs) with the government of Gujarat under the 10th edition of Vibrant […]
Day: January 4, 2024
State-owned PFC commits Rs 25,000 cr for power sector projects in Gujarat
State-owned Power Finance Corporation has inked an initial pact with the Gujarat government to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects. Power Finance Corporation (PFC) signed an MoU with the government of Gujarat on January 3, 2024, according to a company statement issued on Wednesday. The MoU was signed by […]
Solar micro grids to light up over 9,000 remote households in Tripura
The Centre has sanctioned Rs 81 crore to Tripura for setting up 274 solar micro grids in remote areas of the northeastern state to light up over 9,000 houses, an official said on Thursday. Under the project of the Ministry of Development of Northeast Region (DoNER), the micro grids will be established in hamlets in […]
REC Ltd, Bank of Baroda sign MoU to jointly finance power and infrastructure projects
In a significant development aimed at boosting India’s infrastructure, state-owned REC Limited has signed a Memorandum of Understanding (MoU) with Bank of Baroda to jointly finance projects in the power, infrastructure, and logistics sectors over the next three years. The MoU was signed in presence of Vivek Kumar Dewangan, IAS, Chairman and Managing Director (CMD), […]
Mega infra projects to take shape in 5 years as RVNL and REC Limited sign Rs 35,000 crore deal – Key details
Paving the way for mega infrastructural development in the country, state-owned finance lender REC Limited has inked an MoU with Rail Vikas Nigam Limited (RVNL) to finance up to Rs 35,000 crores for multi-modal infrastructure projects in India. The multi-modal logistics hub projects constitute projects like rail infrastructure projects, road, port, and metro projects where […]
Juniper Green Energy pledges Rs 8,000 cr investment on renewable energy in Gujarat
Juniper Green Energy has inked an initial pact with the Gujarat government to develop 1GW of wind and solar projects entailing investment of Rs 8,000 crore. Juniper Green Energy, a leading player in the renewable energy sector, has inked a Memorandum of Understanding (MOU) with the Gujarat government during the Investment Promotion Activity for Vibrant […]
IndiGo removes fuel charge on tickets
IndiGo on Thursday said it has stopped collecting fuel charge on tickets, nearly three months after introducing the levy in the wake of a surge in jet fuel prices. The fuel charge, which was introduced by the airline in early October 2023, has been removed with effect from Thursday. The airline said the fuel charge […]
Govt rolls out 28 oil and gas blocks for bidding under OALP round-IX
The union ministry of petroleum and natural gas on Wednesday launched the ninth bidding round under the Open Acreage Licensing Policy (OALP), offering 28 hydrocarbon blocks spread across eight sedimentary basins in a move to ramp up domestic oil and gas production. The new blocks on offer include nine onland, eight shallow water, and 11 […]
Tangedco releases draft repowering policy for wind power projects in TN
CHENNAI: Based on the National Repowering Draft Policy, Tamil Nadu Generation and Distribution Corporation (Tangedco) on Tuesday released Tamil Nadu Repowering and Life Extension Draft Policy for Wind Power Projects, 2024. The policy will be valid from the date of the issuance up to March 31, 2030 or till the time a New Repowering Policy […]
Vietnam EV firm to set up plant in TN’s Thoothukudi
CHENNAI: Thoothukudi, one of the southern districts badly hit by flood in 2023, has something to cheer about this year as a Vietnam-based electric vehicle manufacturer, VinFast, has set its eye on the district to set up a battery manufacturing plant. The company is planning to invest hundreds of millions of US dollars for the […]
IOCL to fund equipment for TB screening in TN
CHENNAI: Modern equipment to enable early detection of tuberculosis, worth `28 crore, will be procured by the health department using corporate social responsibility (CSR) funds from the Indian Oil Corporation Limited (IOCL). A memorandum of understanding (MoU) was signed between the Tamil Nadu government and IOCL in Chennai on Wednesday. The initiative is part of […]
Sanction funds for rectification of black spots on national highways: Odisha to Centre
BHUBANESWAR: The Odisha government has urged the Ministry of Road Transport and Highways (MoRTH) to provide funds to the National Highway Authority of India (NHAI) for the rectification of black spots on national highways that are responsible for 27 per cent of road accidents and 30 per cent fatalities in the state. In a letter […]