Govt Announces Rs.49.50 Bn Incentive for Discoms Under PM-Surya Scheme

24 Jul 2024 CW Team

The Indian government has introduced new guidelines to allocate ?49.50 billion in incentives to state distribution companies (discoms) under the PM-Surya Ghar scheme. This initiative aims to accelerate the deployment of rooftop solar systems across the country, enhancing solar energy adoption and supporting the country?s renewable energy goals.

Under the PM-Surya Ghar scheme, discoms will receive financial incentives based on their performance in promoting and facilitating the installation of rooftop solar panels. The guidelines outline the criteria for disbursement and the performance metrics that discoms need to meet to qualify for the incentives. The scheme is expected to drive significant growth in the rooftop solar sector by reducing the financial burden on consumers and encouraging more widespread adoption of solar technology.

The scheme targets increasing the installed capacity of rooftop solar systems, which is essential for achieving India?s renewable energy targets and reducing dependence on fossil fuels. By offering financial support to discoms, the government aims to streamline the installation process, enhance the efficiency of solar projects, and promote sustainable energy solutions at the grassroots level.

This substantial financial backing underscores the government?s commitment to expanding renewable energy infrastructure and supporting state efforts to transition towards cleaner energy sources. The initiative is part of a broader strategy to integrate more renewable energy into the national grid and reduce carbon emissions.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..