Govt clears Rs 6,500 crore FDI in power sector
POWER & RENEWABLE ENERGY

Govt clears Rs 6,500 crore FDI in power sector

The Cabinet Committee on Economic Affairs (CCEA) has approved FDI proposals worth Rs 6,500 crore of two power sector entities: Rs 4,500 crore for grid equipment and Rs 2,000 crore for Energy Grid Automation Transformers and Switchgears India. These proposals are for downstream investments and transfer of the entire equity shares of Grid Equipment and Energy Grid from Areva T&D India and other resident shareholders.

The Cabinet Committee on Economic Affairs (CCEA) has approved FDI proposals worth Rs 6,500 crore of two power sector entities: Rs 4,500 crore for grid equipment and Rs 2,000 crore for Energy Grid Automation Transformers and Switchgears India. These proposals are for downstream investments and transfer of the entire equity shares of Grid Equipment and Energy Grid from Areva T&D India and other resident shareholders.

Next Story
Resources

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Next Story
Real Estate

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Next Story
Products

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->