Power Grid plans Rs 200-bn green energy corridor-II in Ladakh

20 Oct 2023 CW Team

The government designated PGCIL as the implementing agency for the project due to defense sensitivities and challenging climatic conditions in Ladakh. Launched in 2012, the GEC initiative serves as a dedicated transmission network connecting renewable energy zones to the national grid. Transmission lines for this project will extend through Himachal Pradesh and Punjab, terminating at Kaithal in Haryana, where integration with the National Grid will occur. An additional interconnection is planned from Leh to the existing Ladakh grid to ensure a reliable power supply for the region. Additionally, the project will link to the Leh-Alusteng-Srinagar line to provide power to Jammu & Kashmir. In total, the project will encompass constructing 713 km of transmission lines, including a 480 km high-voltage direct current (HVDC) line, and two 5 GW HVDC terminals at Pang in Ladakh and Kaithal in Haryana.

In his Independence Day speech in 2020, Prime Minister Narendra Modi announced plans for a 7.5 GW solar park in Ladakh. Following this, the Ministry of New and Renewable Energy (MNRE) devised a strategy to establish a 13 GW renewable energy generation capacity, along with a 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh.

The Cabinet Committee on Economic Affairs (CCEA) approved viability gap funding (VGF) for the construction of the Green Energy Corridor-II (GEC-II) in the Ladakh region, granted to the state-owned Power Grid Corporation of India (PGCIL). The GEC-II, an Inter-State Transmission System (ISTS) project aiming to connect upcoming renewable energy projects totalling 13 gigawatts in Ladakh, received approval. The government intends to complete the project by the financial year 2029-30, estimating a cost of Rs 207.73 billion. Central Financial Assistance (CFA) will cover 40% of the project cost, equivalent to Rs 83.09 billion. The government designated PGCIL as the implementing agency for the project due to defense sensitivities and challenging climatic conditions in Ladakh. Launched in 2012, the GEC initiative serves as a dedicated transmission network connecting renewable energy zones to the national grid. Transmission lines for this project will extend through Himachal Pradesh and Punjab, terminating at Kaithal in Haryana, where integration with the National Grid will occur. An additional interconnection is planned from Leh to the existing Ladakh grid to ensure a reliable power supply for the region. Additionally, the project will link to the Leh-Alusteng-Srinagar line to provide power to Jammu & Kashmir. In total, the project will encompass constructing 713 km of transmission lines, including a 480 km high-voltage direct current (HVDC) line, and two 5 GW HVDC terminals at Pang in Ladakh and Kaithal in Haryana. In his Independence Day speech in 2020, Prime Minister Narendra Modi announced plans for a 7.5 GW solar park in Ladakh. Following this, the Ministry of New and Renewable Energy (MNRE) devised a strategy to establish a 13 GW renewable energy generation capacity, along with a 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..