BSES discoms clear Rs 400 cr dues to NTPC’s Aravali Power

14 Jan 2021 CW Staff

Two discoms, BSES Yamuna Power Ltd (BYPL) and BSES Rajdhani Power Ltd (BRPL), the two Reliance Infrastructure and Delhi Government joint ventures, recently paid their dues of Rs 400 crore to Aravali Power Corporation Private Ltd (APCL).

A BSES statement said that BYPL and BRPL have resolved the overdue issue with APCL and have paid Rs 47.34 crore and Rs 352.27 crore respectively, per the demand.

APCL, a joint venture of state-owned power generator National Thermal Power Corporation Ltd (NTPC), Indraprastha Power Generation Co Ltd (IPGCL), and Haryana Power Generation Corp Ltd (HPGCL) issued separate notices to the two Reliance-promoted discoms for defaulting on payments for the electricity they buy from its Jhajjar plant.

Earlier, NTPC had slapped discontinuation notices on five discoms across four states for Rs 1,864 crore overdue of electricity payments.

Image Source

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..