Cabinet approves hydro project investment proposal

06 Nov 2020 CW Staff

The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the investment of Rs 1810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj in Shimla and Kullu districts of the Himalayan state of Himachal Pradesh. This project will generate 758.20 million units of electricity annually.

This project is being implemented by Satluj Jal Vidyut Nigam Limited (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis. The MoU for this project was signed with the Government of Himachal Pradesh in November 2019. Government of India is also supporting this project by providing grants of Rs. 66.19 crore for enabling infrastructure, helping in reducing in power tariff. The government’s press release states that the project will be commissioned within a span of 62 months. The power generated from the project will help in providing grid stability and will improve the power supply position. Besides adding valuable renewable energy to the grid, the project is expected to lead to reduction of 6.1 lakh tonnes of carbon dioxide from the environment annually.

The official source’s outlook is that the construction activities of the project result in direct and indirect employment to around 2,000 persons. Further, Himachal Pradesh will benefit with free power worth around Rs 1,140 crore during the project life cycle of 40 years. The project-affected families will be provided with 100 units of free electricity per month for 10 years.

Source: Press Information Bureau

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..