Government Initiates Plans for Hydrogen Value Chain Technologies
Government to Limit Building Heights on Smaller Roads
The government is considering measures to restrict the height of buildings along smaller roads in urban areas, aiming to enhance safety and alleviate congestion. This initiative seeks to address concerns related to urban planning and infrastructure development, particularly in densely populated cities like Jaipur.
The proposal comes amid growing urbanisation and the proliferation of high-rise structures, which often strain existing infrastructure and pose challenges to emergency services and public safety. By curbing the height of buildings on narrow roads, authorities aim to mitigate t..
Indian Defence Capabilities Surge Decade
Over the past ten years, India has seen a remarkable transformation in its defence capabilities, largely attributed to the policies and initiatives under the Modi government. A significant highlight is the reduction in dependency on foreign arms imports, with 60% of the country's total arms and ammunition now being produced domestically.
According to NITI Aayog member VK Saraswat, India's defence ecosystem has become predominantly indigenous. This shift has been driven by the involvement of major Indian corporations such as the Adani Group, Tata Group, and Larsen & Toubro, which are no..
Aerospace Firms Seek Government Support
India's aviation sector is booming, with significant aircraft orders signalling a period of substantial growth. However, the industry faces challenges that necessitate government intervention for sustained progress. Recently, major aerospace firms have appealed to the Indian government for support to bolster domestic manufacturing capabilities and enhance competitiveness on a global scale.
The increase in aircraft orders highlights India's expanding aviation market. With the country poised to become the third-largest aviation market globally by 2025, the demand for new planes is escala..
Adani Energy Acquires Essar's Transmission Assets
Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.
The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..
IEX Q4 Net Profit Grows 9.5%
The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.
The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..