Sterlite Power, a power transmission developer, on Monday said it has achieved financial closure for its Beawar Transmission (BTL) project in Rajasthan. The project has secured funds totaling about Rs 2,400 crore from REC Power Development and Consultancy Ltd – a wholly-owned subsidiary of Rural Electricity Corporation (REC). “Financial closure is an important milestone in […]
Day: February 12, 2024
SpiceJet plans to lay off at least 1,000 people
Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet, officials said on Monday. Faced with financial woes, legal battles and other headwinds, the no-frills carrier might ask more staff to leave […]
Gensol Engineering, Matrix Gas consortium win PLI bid for Hydrogen Electrolyser Manufacturing
Gensol Engineering Ltd, a sustainable energy solutions company, together with Matrix Gas & Renewables Ltd, a green hydrogen infrastructure developer and natural gas aggregator, announced the grant of manufacturing capacity for an advanced Electrolyser Plant under the auspices of the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program. The awarded project, with a manufacturing […]
Delhi-Meerut RRTS to become operational this year: Report
The Regional Rapid Transit System (RRTS) connecting Delhi and Meerut will commence operations by the end of this year, according to a report of the Times of India. The RRTS will cover the stretch from Jangpura in Delhi to Meerut South, with stops at Sari Kale Khan, New Ashok Nagar, Anand Vihar, Sahibabad, Ghaziabad, Guldhar, […]
Amrit Bharat Station scheme: Indian Railways’ long term vision to transform railway stations into vibrant city centers
The Ministry of Railways has initiated the ‘Amrit Bharat Station scheme’ inspired by the successful redevelopment of Rani Kamlapati Station, Gandhinagar Capital Station, and Sir M. Visveswaraya Terminal Station. This scheme aims to enhance 1318 identified railway stations by improving facilities such as access, waiting areas, toilets, Wi-Fi, and more. Under this scheme, stations will […]
PM GatiShakti: Five infra projects recommended for approval
Five infrastructure projects of roads and railways have been recommended for approval under the PM GatiShakti initiative, the commerce and industry ministry said on Friday. These projects were assessed in the 65th Network Planning Group (NPG) meeting. “The NPG examined the projects from the perspective of integrated planning based on the PM GatiShakti principles. The […]
Road Ministry introduces provision of deemed approval in DPRs
The ministry of road transport and highways has introduced the provision of deemed approval in the request for proposal documents for consultancy services for preparation of detailed project reports (DPRs) in respect for national highways and centrally sponsored road works issued by it. This will help in timely approval of various reports which is a […]
NITI Aayog prepares plan for economic transformation of 4 cities, including Mumbai, Varanasi
The NITI Aayog has prepared a plan for economic transformation of Mumbai, Surat, Varanasi and Vizag and help India become a developed economy by 2047, its CEO BVR Subrahmanyam said on Saturday. He also said the Aayog plans to prepare economic planning of 20-25 more cities, as they are the centre of economic activities. A […]
Govt okayed 43 projects in eco-sensitive zones in 5 years
New Delhi, The Centre granted environmental clearance to more than 80 per cent of the proposals for “projects and activities” in the eco-sensitive zones of the country in the last five years, Union minister Ashwini Choubey informed the Rajya Sabha on Friday. He also said the Standing Committee of National Board for Wild Life (SCNBWL) […]
Bengaluru-Mysuru highway set to introduce GPS-based no-toll-booth tolling system
Union Road Transport Minister, Nitin Gadkari, has announced the selection of the Bengaluru-Mysuru national highway for the implementation of a pilot project focused on a Global Positioning System (GPS)-based tolling system. In response to a question by BJP MP Lahar Singh Siroya, Gadkari has stated that the road transport ministry has appointed a consultant to […]
Bengaluru’s mega connectivity project gets a shot in the arm with loan from German bank
Bengaluru’s ambitious rail project, which would connect the city to suburbs Heelalige (Electronic City), Kengeri, Devanahalli (near the international airport), and Chikabanvara took yet another step to reality on Friday, with a loan of Rs 4,561 crore from Germany-based KFW Development Bank. All the four corridors of the project are scheduled to be completed by […]
States, UTs lowering tax on jet fuel provided huge fillip to airline industry: Jyotiraditya Scindia
The government’s efforts have resulted in 31 states and Union Territories now levying lower taxes on jet fuel, a development that has provided a huge fillip to the airline industry, which was witnessing a V-shaped recovery after the Coronavirus pandemic, Union minister Jyotiraditya Scindia said on Saturday. Emphasising that the civil aviation sector provides huge […]