PAN revamp Rs 79 bn rail push and hydro boost approved
POWER & RENEWABLE ENERGY

PAN revamp Rs 79 bn rail push and hydro boost approved

The Cabinet Committee on Economic Affairs (CCEA) approved a series of major projects, including an overhaul of the PAN system, an investment of Rs 36.89 billion in two hydropower projects, and three railway projects valued at Rs 79.27 billion, among other decisions.

According to a government statement, the PAN 2.0 Project, aimed at modernising taxpayer registration services through technology, has been allocated Rs 14.35 billion. The initiative seeks to upgrade the existing Permanent Account Number (PAN) ecosystem, ensuring greater efficiency and enhanced security to prevent misuse of taxpayer data.

The project will also mandate the use of a PAN data vault system for all entities utilizing PAN information and will introduce a robust technology-driven grievance redressal mechanism. Additionally, the upgrades, which include adding QR codes to PAN cards, will be offered free to taxpayers. Union Minister Ashwini Vaishnaw stated during a Cabinet briefing that the initiative will feature a unified portal that is entirely paperless and online, with a focus on resolving grievances effectively.

The CCEA approved two hydropower projects in Arunachal Pradesh, with planned capacities of 240 MW for the Heo project and 186 MW for the Tato-I project. These projects will be developed by a joint venture between the North Eastern Electric Power Corporation and the Arunachal Pradesh government, with the state’s equity share funded through a central government grant. The Heo project is estimated to cost Rs 19.39 billion, while the Tato-I project is expected to require Rs 17.50 billion.

The committee also sanctioned three multitracking railway projects aimed at improving connectivity, enhancing travel convenience, reducing logistics costs, curbing oil imports, and lowering carbon emissions. Covering seven districts across Maharashtra, Madhya Pradesh, and Uttar Pradesh, these projects will expand the Indian Railways network by 639 kilometres.

The Cabinet Committee on Economic Affairs (CCEA) approved a series of major projects, including an overhaul of the PAN system, an investment of Rs 36.89 billion in two hydropower projects, and three railway projects valued at Rs 79.27 billion, among other decisions. According to a government statement, the PAN 2.0 Project, aimed at modernising taxpayer registration services through technology, has been allocated Rs 14.35 billion. The initiative seeks to upgrade the existing Permanent Account Number (PAN) ecosystem, ensuring greater efficiency and enhanced security to prevent misuse of taxpayer data. The project will also mandate the use of a PAN data vault system for all entities utilizing PAN information and will introduce a robust technology-driven grievance redressal mechanism. Additionally, the upgrades, which include adding QR codes to PAN cards, will be offered free to taxpayers. Union Minister Ashwini Vaishnaw stated during a Cabinet briefing that the initiative will feature a unified portal that is entirely paperless and online, with a focus on resolving grievances effectively. The CCEA approved two hydropower projects in Arunachal Pradesh, with planned capacities of 240 MW for the Heo project and 186 MW for the Tato-I project. These projects will be developed by a joint venture between the North Eastern Electric Power Corporation and the Arunachal Pradesh government, with the state’s equity share funded through a central government grant. The Heo project is estimated to cost Rs 19.39 billion, while the Tato-I project is expected to require Rs 17.50 billion. The committee also sanctioned three multitracking railway projects aimed at improving connectivity, enhancing travel convenience, reducing logistics costs, curbing oil imports, and lowering carbon emissions. Covering seven districts across Maharashtra, Madhya Pradesh, and Uttar Pradesh, these projects will expand the Indian Railways network by 639 kilometres.

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->