Infrastructure

Maharashtra commits to strengthen power distribution network to attract industries: Dr. Nitin Raut The state energy department would spend Rs 2500 Cr per annum for infrastructure development for state owned distribution company Mahavitaran (MSEDCL). Of it Rs 1500 Cr would be spent on energization of agriculture pumps by conventional method and Rs 1000 Cr for strengthening infrastructure in industrial and urban areas. Addressing a review meeting of the Mahavitaran officials on...

Bridgestone India launches new tyre for commercial vehicles Bridgestone India announced the launch of its new generation Drive position tyre for the Commercial Vehicle segment, which is meant specifically for the general cargo, long haul, highway application. This tyre addresses issues of Tyre mileage, Fuel mileage and Cut-Chip resistance, thereby increasing tyre life and better retreadability. The tyre will be marketed under the name V-STEEL Mix M721. “Our global mission is...

PFC to launch ₹5,000 crore public NCD issue 15 Jan Power Finance Corporation Limited, is one of the leading financial institutions in India, focused on the power sector will open its Rs 5,000 crores public issue of secured, redeemable Non-Convertible Debentures on January 15, 2021. The base Issue size is Rs. 500 crores with an option to retain oversubscription of up to Rs. 4,500 crores aggregating up to 5,000 crores...

Samsung launches New Wi-Fi enabled range of Compact VRF Air Conditioning System Samsung has launched large capacity Variable Refrigerant Flow (VRF) air conditioning systems in India that can be installed in just 0.5 sq metres of space in premium apartments, villas, bungalows, houses as well as commercial and retail establishments. The new side discharge VRF system—DVM S Eco—promises an extremely efficient, eco-friendly and quiet air conditioning solution and offers a specialized...

Keep infrastructure development away from politics: PM Prime Minister Narendra Modi on Tuesday urged to keep the development of infrastructure away from politics. He said that the country's infrastructure should be a mission to benefit many generations, not 5 years of politics. If political parties have to compete, there should be competition in the quality of infrastructure, competition on speed and scale. Prime Minister was speaking after flagging off the first...

Prime Minister Narendra Modi inaugurated India’s first-ever driverless train operations on Delhi Metro’s Magenta Line today through a video conference. Today the National Common Mobility Card was expanded to the Airport Express Line of Delhi Metro. Speaking on the occasion, the Prime Minister termed today's event as an attempt to make urban development future ready. He said preparing the country for future needs is an important responsibility of governance. He...

Govt identifies new routes for waterways The Ministry of Ports, Shipping and Waterways (MoPSW) has MoPSW has identified Domestic locations namely Hazira, Okha, Somnath Temple, DIU, PIPAVAV, Dahej, Mumbai/JNPT, Jamnagar, Kochi, Ghogha, Goa, Mundra and Mandvi and 6 International routes, connecting 4 international destinations namely Chattogram (Bangladesh), Seychelles (East Africa) Madagascar (East Africa) and Jaffna (Sri Lanka) from Indian major coastal port towns for the commencement of ferry services through...

Adani's deal to buy stake in Odisha Power Generation Corp cancelled Adani Power's agreement with AES OPGC Holding and AES India for acquisition of 49 per cent stake in the Odisha Power Generation Corporation (OPGC) has been cancelled as the Odisha government, which holds 52 per cent stake in OPGC has exercised the right of first refusal. Earlier in June, Adani Power Ltd had entered into a share sale and purchase...

The Vice President of India M. Venkaiah Naidu appealed to the Finance Commissions and local bodies to encourage green buildings through various measures including tax incentives. He also wanted all states to create online portals to provide single window clearance to green buildings. Virtually inaugurating the 12th GRIHA (Green Rating for Integrated Habitat Assessment) Summit, organised by the GRIHA Council from Hyderabad to, the Vice President said that there is...

Prime Minister Narendra Modi unveiled various developmental projects in Gujarat.These projects include a desalination plant, a hybrid renewable energy park, and a fully automated milk processing and packing plant. The Chief Minister of Gujarat was present on the occasion. Speaking on the occasion, the Prime Minister said one has to keep up with the changing times and embrace global best practices. He lauded the farmers in Kutch in this regard,...