Asian Energy Services to Raise Rs 1.60 Billion via Convertible Warrants

Chandigarh-Ambala Greenfield Corridor Nears Completion

The Rs 31.67 billion Chandigarh-Ambala Greenfield Corridor, spanning 61.23 km over 395 hectares, is nearing completion and is set to transform traffic movement across Chandigarh, Zirakpur, Panchkula, Mohali and Kharar. The six-lane expressway will also strengthen links from Delhi and Haryana to Chandigarh, Punjab, Himachal Pradesh, and Jammu & Kashmir.Progress and TimelinesPackage-2, covering 31.23 km from IT City Chowk in Mohali to Kurali on the Kurali-Siswan road, is 95 per cent complete and scheduled to open next month. Package-1, stretching 30 km from Devinagar village on the Ambala-Hi..

Low Fine Recovery From Mumbai-Pune Expressway E-Challans

The Maharashtra Transport Department has revealed that 27.76 lakh e-challans worth Rs 4.7 billion were issued for traffic violations on the Mumbai-Pune Expressway since the rollout of the Intelligent Traffic Management System (ITMS) in July 2024. However, only Rs 470 million in fines—around 10 per cent of the total—has been recovered to date.Breakdown of ViolationsOfficial data shows that cars were responsible for the majority of speed limit breaches, with over 17.2 lakh e-challans issued. Heavy goods vehicles accounted for 3.27 lakh challans, heavy passenger vehicles such as buses for 2.4..

Cabinet Clears Rs 81.46 Billion Tato-II Hydro Project

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved an investment of Rs 81.46 billion for the construction of the Tato-II Hydro Electric Project (HEP) in Shi Yomi district, Arunachal Pradesh. Scheduled for completion in 72 months, the 700 MW project (4 x 175 MW) will generate 2,738.06 million units of energy annually, strengthening both the state’s power supply and the national grid.Implementation and FundingThe project will be executed through a joint venture between North Eastern Electric Power Corporation Ltd (NEEPCO) and the Government of Arun..