Cabinet clears Rs 207.73 bn for Ladakh power transmission

20 Oct 2023 CW Team

The Union Cabinet had approved a budget of Rs 207.73 billion for establishing a transmission line aimed at evacuating power from a 13 GW renewable energy project in Ladakh. The initiative was initially unveiled by Prime Minister Narendra Modi in his Independence Day address, where he outlined plans for a 7.5 GW Solar Park in Ladakh.

Following an extensive field survey, the Ministry of New and Renewable Energy (MNRE) devised a comprehensive plan for constructing a 13 GW Renewable Energy (RE) generation capacity in addition to a 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh. According to an official release, the vast amount of power generated necessitates the establishment of an inter-state transmission infrastructure.

The Cabinet Committee on Economic Affairs (CCEA) subsequently sanctioned the Green Energy Corridor (GEC) Phase-II project, which involves the Inter-State Transmission System (ISTS) for the 13 GW Renewable Energy Project in Ladakh. The transmission line designed for this purpose will traverse through Himachal Pradesh and Punjab, terminating in Kaithal, Haryana, where it will be seamlessly integrated into the National Grid.

It was outlined that the project is scheduled to be operational by the financial year 2029-30, with an estimated cost of Rs 207.73 billion. Additionally, the central government will extend 40% financial assistance, amounting to Rs 83.09 billion, to facilitate the endeavour.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..