Hydro project on the Chenab approved

25 Jan 2021 Editorial Team

Last week, the Union Cabinet approved an investment of Rs 5,281 crore for the 850 MW Ratle Hydropower Project on the Chenab river in Kishtwar district of Jammu and Kashmir (J&K).

The Centre will have a 51% stake in the project through a joint venture between Jammu & Kashmir State Power Development Corporation Ltd (JKSPDC) and National Hydroelectric Power Corporation (NHPC).

JKSPDC will hold a 49% share in the project. NHPC will invest Rs 808 crore generated from the power PSU's internal resources. The Ratle Hydroelectric Project is scheduled to be commissioned within 60 months.

As per an official statement, the Government of India (GoI) is also supporting the Union Territory (UT) of J&K by providing a grant of Rs 776 crore for an equity contribution of JKSPDC in the joint venture company (JVC). The power generated from the project will help provide balance to the grid and improve the power supply position.

As we have reported, the government plans to speed up hydro-electric power projects in J&K following UT status.

In order to make the project financially viable, the J&K government will extend the exemption from levy of water usage charges for 10 years after commissioning of the project, reimbursement of state's share of GST (SGST) and waiver of free power to J&K in a decremental manner. The free power to the Union Territory would be 1% in the first year after commissioning the project and increase at the rate of 1% per year to 12% in the 12th year, said the statement.

Also read: Mega hydro power projects to come up in J&K

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..