AP Chambers welcomes proposed energy sector reforms

19 Sep 2022 CW Team

Welcoming the reforms in the energy sector, AP Chambers of Commerce and Industry Federation (AP Chambers) observed that the new provisions in the proposed Electricity (Amendment) Rules 2022 will remove public as well as private monopolies in the power distribution sector.

The competition in the power distribution sector will certainly improve the quality of services and also lead to price competition which is undoubtedly advantageous to face global competition in terms of boosting exports.

The Chambers said that the cost of the service is not followed by discoms at present as per CERC guidelines, which had led to abnormal tariff hikes in the recent past.

Reforms in the power sector are inevitable at this juncture to provide good service to the consumers. The Chambers submitted a representation to the minister for power Raj Kumar Singh on the draft Electricity (Amendments) Rules, 2022. AP Chambers observed that electricity is an essential item for every individual and its utility is one of the parameters for the economy.

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..