PSPCL introduces OTS for pending electrical works

30 Aug 2023 CW Team

The OTS scheme is a final opportunity for non-compliant promoters to rectify their projects. This move is in line with an order issued by the Punjab State Electricity Regulatory Authority (PSERC) via a commercial circular. The scheme will remain in effect until July 24, 2024. If promoters fail to adhere to the directive, the competent authority has the discretion to revoke their licence due to non-compliance with the NOC terms or the PAPRA regulations.

The PSERC's directive also instructs PSPCL to provide developers with a window to complete their internal electrical installations within their respective colonies. Cases of non-compliance or violation of PAPRA provisions and NOCs issued by PSPCL are to be reported to the competent authority.

In case the competent authority doesn't take action against the promoters within three months, PSPCL is empowered to pursue legal avenues to ensure adherence to PAPRA provisions.

The OTS scheme encompasses developers and promoters who were granted NOCs by PSPCL up to December 31, 2014, and also includes NOCs given after January 1, 2015, provided their licences haven't been cancelled or suspended under Section 5(14) of the PAPRA.

The scheme outlines conditions such as maintaining the approved layout plan of the project for which the original NOC was issued, and ensuring that contiguous projects as per PSPCL records aren't eligible for the OTS scheme. Additionally, the original NOC's estimated project load should remain unchanged for the purposes of amendments or extensions.

Punjab State Power Corporation (PSPCL) has unveiled a 'One Time Settlement' (OTS) initiative aimed at resolving pending electrical projects within approved colonies in Ludhiana. This scheme offers a potential solution for plot and property owners in colonies where promoters and developers had sold plots without obtaining necessary clearances from PSPCL or failed to establish local distribution systems and power supply networks as mandated by the Punjab Apartment and Property Regulation Act (PAPRA).The OTS scheme is a final opportunity for non-compliant promoters to rectify their projects. This move is in line with an order issued by the Punjab State Electricity Regulatory Authority (PSERC) via a commercial circular. The scheme will remain in effect until July 24, 2024. If promoters fail to adhere to the directive, the competent authority has the discretion to revoke their licence due to non-compliance with the NOC terms or the PAPRA regulations.The PSERC's directive also instructs PSPCL to provide developers with a window to complete their internal electrical installations within their respective colonies. Cases of non-compliance or violation of PAPRA provisions and NOCs issued by PSPCL are to be reported to the competent authority.In case the competent authority doesn't take action against the promoters within three months, PSPCL is empowered to pursue legal avenues to ensure adherence to PAPRA provisions.The OTS scheme encompasses developers and promoters who were granted NOCs by PSPCL up to December 31, 2014, and also includes NOCs given after January 1, 2015, provided their licences haven't been cancelled or suspended under Section 5(14) of the PAPRA.The scheme outlines conditions such as maintaining the approved layout plan of the project for which the original NOC was issued, and ensuring that contiguous projects as per PSPCL records aren't eligible for the OTS scheme. Additionally, the original NOC's estimated project load should remain unchanged for the purposes of amendments or extensions.

Infrastructure Urban

30 May 2026

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..

Infrastructure Transport

30 May 2026

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..

Infrastructure Urban

30 May 2026

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..