LOWER ARUN PROJECT
SJVN holds talks with Nepal government to expedite 1,569-MW hydropower projects
SJVN Ltd chairman Bhupender Gupta met various Nepal government officials to expedite hydropower projects. The discussions focused on the Arun-3 project and the challenges it faces, including land issues. Necessary approvals were also discussed for the pre-construction activities of the Lower Arun project. SJVN aims to strengthen energy security and promote sustainable power generation in Nepal.
Foreign secretary Vikram Misri to prepare ground for Nepal PM's India trip
Foreign secretary Vikram Misri is scheduled to visit Kathmandu to prepare for Balendra Shah's visit to India. Shah's visit will mark his first trip abroad as Prime Minister of Nepal, occurring in late November. Several India-funded projects are expected to be inaugurated, and new projects will be launched during this visit. Nepal is likely to request additional Indian investments in various sectors, including hydropower and hospitality.
Lata Mangeshkar bought a flat in 36-storey Pratibha tower in Mumbai, bulding was caught in a 1984 land scam, then demolished in 2019; now a 179-metre skyscraper is set to replace it
Lata Mangeshkar owned a flat in Mumbai's Pratibha building, a 36-storey tower that became infamous after a 1984 construction scam involving an inflated plot-area declaration. Eight illegal floors were demolished in the 1990s before the remaining building was razed in 2019. Now, a 179.4-metre skyscraper with 33 floors is planned for the site.
Bengaluru’s biggest star reveals why he is very happy his parents didn’t have money: ‘They told me never to…’; a look at his impressive networth now
KGF star Yash, one of the biggest pan Indian stars today, didn’t grow up rich or even affluent. His father was a driver for the Karnataka State Road Transport Corporation, as per reports. In an interview, the actor once opened up about his modest upbringing and shared some invaluable lessons his parents taught him when he was a kid that he follows to this day.
India weighing steps to help Nepal with more power
India is processing requests for increased power flow to Nepal. Nepal seeks advance import approvals effective September due to flood damage. Flash floods caused significant infrastructural damage to Nepal's power generation units. India's national grid capacity can absorb the temporary shortfall seamlessly. Major cross-border transmission corridors remain operational and projects continue on schedule.
Patel Engineering bags Rs 1,593.08 crore hydroelectric project contract in Nepal
Patel Engineering has won a major hydro-electric project in Nepal. The contract is valued at Rs 1,593.08 crore. This project is for the Lower Arun Hydroelectric Project. It is scheduled for completion within 54 months. The company is committed to delivering world-class engineering.
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SHANTI Act can spur nuclear power deployment in India: Fitch-BMI
India’s SHANTI Act is a game-changer for the nation’s nuclear energy ambitions. The law promotes the adoption of advanced reactor designs while inviting global enterprises to participate in its energy evolution. By simplifying financial uncertainties associated with nuclear projects, it is anticipated to fuel investor confidence and accelerate the realization of India's nuclear goals.
ONGC to invest Rs 2 lakh crore to meet net-zero emissions goal
ONGC aims to invest $12.08 billion by 2030 to own 10 gigawatts of renewable energy capacity. The company is currently constructing a 5 gigawatts solar energy project and has plans for offshore wind energy plants. ONGC is also exploring collaborations for low-carbon energy opportunities such as renewables, green hydrogen, and green ammonia.
India, Nepal ink several MoUs on infra, cross-border energy
Prachanda called the fresh initiatives as "path-breaking" which will provide fresh momentum to the ties. He welcomed the Indian initiative to enable Nepal to export power to Bangladesh. ET had reported earlier last week that India would provide transit for export of Nepal's power to Bangladesh. ET had also reported that New Delhi and Kathmandu would conclude a pact on the digital payment mechanism.
Prachanda’s India visit next week to focus on cross-border power sharing, energy & infra deals
This will be Prachanda’s first bilateral visit abroad after assuming office in December 2022. Prime Minister Narendra Modi will meet Prachanda in New Delhi on June 1, ET has learnt.
NHPC gets nod to develop 12,00 mw energy in Nepal
In a major development, the Sher Bahadur Deuba government has allowed India's NHPC to study and develop two hydroelectric projects that will have the combined potential of generating 1,200 megawatts of energy.
PTC, SJVN ink pact to sell power from upcoming Arun-3, Lower Arun hydro projects
SAPDC is setting up two hydroelectric projects -- 900 MW Arun-3 and 669 MW Lower Arun -- in Sankhuwasabha, Nepal. Commercial operation of 900 MW Arun-3 is scheduled to commence in year 2023-24, and that of 669 MW Lower Arun hydroelectric project is scheduled to commence in year 2027-28.
SJVN to develop 490 MW Arun-4 hydel power project worth Rs 4,900 crore in Nepal
SJVN Chairman and Managing Director Nand Lal Sharma said it will be the third mega project to be constructed by the company in Nepal. The construction of 900 MW Arun-3 project is in progress and the 669 MW Lower Arun project is at the survey and investigation stage.
GST Council extends deadline for realty firms to opt for old GST rate till May 20
AMRG & Associates Partner Rajat Mohan said builders are still under the process of calculating the cost benefit analysis in relation to tax change scenario.
There is something promising about this little-known defence-related firm
The company’s largest customer is the government.
HSCC, EPIL in advanced stages for merger with similarly placed CPSEs: Official
In the Budget for 2017-18, the then Finance Minister Arun Jaitley had announced the possibility of merger of PSUs to create large state-owned firms.
PM Modi gives weaker road builders a way to raise more funds
About 20 per cent of road builders with outstanding rupee bonds have single A ratings.
Unitech crashes 20% as court sends promoters to police custody
The stock tumbled 19.92% to hit a low of Rs 4.46 on BSE, before recovering some of the lost ground.
'FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5%'
The report noted that Finance Minister Arun Jaitley is expected to target a fiscal deficit of 3.5 per cent of GDP -- same as that of 2016-17 in his February 1 Budget.
NDB should focus on creating strong project pipeline: FM Arun Jaitley
The speech was read by Joint Secretary in the Finance Ministry Raj Kumar, as Jaitley could not attend the meeting because of the ongoing Parliament session.
LIC to shortly announce credit enhancement fund: Shaktikanta Das
In his budget speech, Fin Min Arun Jaitley had proposed that LIC will set up a dedicated fund to provide credit enhancement to infrastructure projects.
AAP joins 'jal satyagraha' launched by Omkareshwar dam oustees
Terming the decision to fill the reservoir till 191 metres as "inhuman", Agrawal announced that his party would stage a protest across the state on the issue on April 15.
Economic Survey 2015 recommends three-pronged strategy to improve investment climate
The Survey recommends revival of public investment in short term, to act as an engine of growth in infrastructure sector.
Crisil thinks cutting repo rate now may be premature
Policy uncertainty, stalled project clearances and slowing domestic demand are some of the main reasons for a sharp fall in the expected return on investments.
Budget 2014: Finance Minister allocates Rs 500 crore to solar power projects
Arun Jaitley has allocated Rs 500 crore in Budget 2014 to push ultra-modern solar power projects in Rajasthan, Tamil Nadu and Ladakh.
India trails China in R&D spend and innovation capacity: Economic Survey 2014
The pre-Budget document also said India's innovation capacity is also lower than that of the other BRICS nations, except Russia.
Budget 2014: Expect single-window clearance for large infra projects and real-estate projects
For cement & building materials, greater infrastructure investments could revive cement demand; we expect single-window clearance for large infra projects and real-estate projects.
BJP's Delhi manifesto: More gas if voted back to power
BJP has promised to reduce power tariff by 30%, combat inflation by lowering vegetable prices, and increase number of subsidised LPG cylinders.
Expect 4.7 to 5% GDP growth: Dr Arun Singh, Dun & Bradstreet India
In an interview with ET Now, Dr Arun Singh, Senior Economist, Dun & Bradstreet India, shares his views on the current economic scenario.
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