Three major landmark events in connection with the Railways is slated to take place on Monday at the Krantivira Sangolli Rayanna railway station.
Mahindra Lifespace Developers Limited (MLDL) on Thursday signed a memorandum of understanding (MoU) with the Gujarat government to establish a multi-product industrial park, spread over 350 acres, in Ahmedabad.
The acquisition of Chhabra thermal power plants by NTPC Ltd will help the central power major emerge as a 50 GW or 50000 MW plus company within the next few months.
All states barring Uttar Pradesh have inked agreements with the Centre to achieve the milestone of providing ’24×7 Power For All (PFA)’.
State to derive an Overall Net Benefit of approximately Rs. 11,000 crores through UDAY. The State would have savings of about Rs.950 cr. in annual interest cost through reduction of debt and through reduced interest rates on the balance debt.
In a significant move and following months of persuasion by the Centre, Tamil Nadu came on board the power ministry’s flagship scheme UDAY. By signing the MOU under UDAY, the State Government is taking over 75% of debt of Rs. 30,420 crores of TANGEDCO. The scheme also provides for the balance debt to be re-priced or issued as State guaranteed Discom bonds, at coupon rates around 3-4% less than the average existing interest rate.
Financial health of state power DISCOMs has been a big blot on the performance of state’s power sector and in order to make these DICSOMs financially viable and operationally sustainable, the scheme UDAY assumes a lot of significance.
Two more states of Assam and Telangana will be joining the power ministry’s flagship scheme, Ujwal DISCOM Assurance Yojana (UDAY)—taking the tally ofvstates having joined the scheme to 20.
Enhance the sharing of industry knowledge, best practices between the regions, promoting joint training programs and study
Ahead of Narendra Modi’s visit to Tokyo next month, Japan remains non-committal on signing the final agreement for civil nuclear cooperation with India during the meeting between the prime ministers of the two countries.
Country’s top manganese ore producer MOIL signed a pact with Madhya Pradesh government to conduct mineral exploration in the state.
Nigeria is one of the largest trading partners of India in Africa which is dominated by import of crude oil and gas from Nigeria. In 2015-16, India imported nearly 23.7 MMT of crude (nearly 12% of India overall imports) and over 2 MMTPA of LNG from Nigeria.
The Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan met his Nigerian counterpart Dr. Emmanuel Ibe Kachikwu, Minister of State for Petroleum in New Delhi today. Dr Kachikwu is on a three days official visit to India.