Assam to be wholly free of fossil fuels by 2031, says CM

22 Jul 2022 CW Team

Assam Chief Minister Himanta Biswa Sarma has claimed that fossil fuels will not be used at all in the state by 2031. Speaking after inaugurating a solar plant in Assam's Udalguri district this week, he said, "The complete elimination of the use of petrol and diesel in Assam will happen by 2031 … electric vehicles will be used.”

According to a senior government official, Assam is looking to produce 50,000 MW of solar power in the future. The government has issued an order to cut down carbon emissions by 2030.

The Assam government has planned to adhere to the goal of 50 per cent electricity from solar energy in the next five years. On Tuesday, Sarma inaugurated a 25 MW solar power plant in Udalguri district. Another two 25 MW solar power plants are being set up in Samaguri and Nagaon districts in Assam.

| "The state government is also planning to set up floating solar energy plants on lakes in the state which may produce up to 1,000 MW of energy," the Chief Minister said.

Infrastructure Urban

19 Sep 2025

Dhruva Capital To Merge With Vector Finance

Dhruva Capital Services Limited, a non-banking financial company (NBFC) engaged in investment and financing, has announced a strategic merger with Vector Finance Private Limited, marking its foray into the microfinance business. Currently, Dhruva offers business loans, loans against property, vehicle and equipment finance, invoice discounting, and construction finance.The board of Dhruva Capital has approved the merger, which will be subject to approvals from the National Company Law Tribunal and other competent authorities, along with shareholder and creditor consent.Vector Finance, with Asse..

Tata Steel Awards Contract To John Cockerill India

Tata Steel Limited has awarded John Cockerill India Limited a major contract for the engineering, design, manufacture, and supply of a Push-Pull Pickling Line (PPPL) and Spray Roaster Acid Regeneration Plant (ARP) at its Jamshedpur Tinplate Division in Jharkhand. The scope also includes supervision of erection and commissioning to meet full performance guarantees.The PPPL will have an annual capacity of 350,000 tonnes, capable of handling strip widths up to 1,350 mm and thicknesses of up to 3.8 mm at speeds of 120 metres per minute. John Cockerill will draw on its expertise from over 150 refer..

Purple Finance AUM Crosses Rs1.55 Billion In FY25

Purple Finance has reported strong growth in FY25, with its loan portfolio tripling and assets under management surpassing Rs1.55 billion. The company, which operates more than 40 branches across six states, now serves over 2,500 MSME borrowers, primarily in tier III and IV cities and district towns.Through a hybrid model combining digital origination with a local on-ground network, Purple Finance has expanded its footprint while maintaining asset quality. The lender focuses on small-ticket secured business loans, income-generation credit, and customised products for micro-entrepreneurs.Lookin..