Centre requests Rs 220 billion from EFC for 900-km Ladakh power link

04 Aug 2022 CW Team

Due to strategic considerations, the government has issued a letter to the Expenditure Finance Committee (EFC) proposing to spend over Rs 220 billion to build a 900-km electricity transmission link from Ladakh.

The 10 GW of renewable energy capacity being installed in Ladakh will be transmitted via the flagship project, which will be built by the state-run Power Grid Corporation of India (PGCIL). Due to security concerns regarding China, PGCIL was given the project on a "nomination basis" while the government had previously considered soliciting international bids for the construction of the link. The transmission line will feature a 12 GWh battery energy storage component and stretch from Pang in Leh to Kaithal in Haryana.

A cabinet note for the project, which is a crucial component of India's ambition to develop Ladakh as a carbon-neutral region, would be circulated after the EFC, which is led by the expenditure secretary, approves the plan. The action, which is also a part of a plan to expand the union territory, is anticipated to draw capital for the construction of green energy projects in the arid, cold area.

Also read:
RDSS projects to strengthen power infra for Ladakh
India builds 2,088 km of road along China border over 5 years

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..