Inox's EPC subsidiary RESCO plans to raise through share sale

03 Sep 2024 CW Team

Inox Wind's engineering, procurement, and construction (EPC) subsidiary, RESCO, is set to raise Rs.3.5 billion through the sale of shares. This capital infusion aims to support the company's expansion and growth initiatives. RESCO, a key player in the renewable energy sector, plans to leverage this funding to enhance its project pipeline and bolster its market position.

The share sale is expected to attract significant interest from investors, given RESCO's established track record in the renewable energy industry. The funds raised will be used to finance new projects and potentially acquire additional assets, further strengthening the company's portfolio.

Inox Wind's move underscores its commitment to expanding its footprint in the renewable energy sector, aligning with broader industry trends towards sustainable and green energy solutions.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..