Nod to Resurgent Power’s takeover of UP Transmission

04 Aug 2022 CW Team

The Uttar Pradesh power regulator has approved the takeover of the South East UP Power Transmission Company by Resurgent Power Ventures, a JV between Tata Power and ICICI Bank. It had emerged as the highest bidder in February, quoting Rs 3,251 crore upfront payment for the stressed transmission asset under insolvency.

The NCLT cleared the bid in June.
"This is a critical order for the power sector. This is one of the first large-scale stressed transmission projects which has been resolved through IBC (Insolvency and Bankruptcy Code) and has been accepted by the State Regulatory Commission," said SKV Law Offices advocate Venkatesh, who appeared for Resurgent Power Ventures.

Also read:
Tata Power Delhi Distribution inks training pact with Siemens
Tata Power will buy 300 MW of non- solar renewable energy

Infrastructure Urban

09 Oct 2025

India, UK Chart New Course For Trade And Investment Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, and the Rt. Hon. Peter Kyle, UK Secretary of State for Business and Trade, held a bilateral meeting in Mumbai to set a renewed course for the India–UK trade and investment partnership.The meeting marked a major milestone towards operationalising the India–UK Comprehensive Economic and Trade Agreement (CETA). Both Ministers agreed to reposition the Joint Economic and Trade Committee (JETCO) to oversee its implementation, delivery, and long-term strategic coordination.They reaffirmed their shared commitment to ensuring swift and res..

Piyush Goyal Co-Chairs India–Qatar Trade Commission In Doha

Union Minister of Commerce and Industry, Shri Piyush Goyal, paid an official visit to Doha, Qatar, to co-chair the India–Qatar Joint Commission on Economic and Commercial Cooperation with H.E. Sheikh Faisal bin Thani bin Faisal Al Thani, Qatar’s Minister of Commerce and Industry.This was the first meeting of the upgraded Joint Commission, following the decision during the visit of the Amir of Qatar to India in February 2025 to elevate the earlier Joint Working Group on Trade and Commerce. The visit reaffirmed the two nations’ strong commitment to advancing bilateral economic engagement a..

Centre Approves Rs 246 Billion Railway Expansion Projects

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved four major railway infrastructure projects worth approximately Rs 246 billion (Rs 24,634 crore). These multi-tracking projects, spread across Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh, aim to enhance rail connectivity, ease congestion, and improve logistics efficiency.The approved projects include:Wardha–Bhusawal (Maharashtra): Third and fourth line – 314 kmGondia–Dongargarh (Maharashtra & Chhattisgarh): Fourth line – 84 kmVadodara–Ratlam (Gujarat & Madhya Prad..