Rajasthan Cabinet Approves Four Energy Sector Joint Ventures

06 Aug 2024 CW Team

The Rajasthan Cabinet approved a proposal for the establishment of four joint venture companies in the energy sector. These companies are set to focus on projects related to renewable and thermal power generation and transmission. The state Cabinet, led by Chief Minister Bhajanlal Sharma, also gave the green light for the development of metro rail projects within the state.

In addition to the establishment of joint ventures for renewable and thermal power projects and power transmission, the Cabinet sanctioned the creation of an infrastructure investment trust, as outlined in an official statement.

The statement revealed that Deputy Chief Minister Premchand Bairwa, Industry and Commerce Minister Rajyavardhan Singh Rathore, and Parliamentary Affairs Minister Jogaram Patel were responsible for communicating the decisions.

Bairwa noted that in accordance with the Metro Rail Policy 2017, the Cabinet approved the formation of a joint venture company between the central government and the state. This joint venture will oversee the development, operation, and implementation of both current and future metro rail projects in Rajasthan. It will have access to financial assistance from the Centre, including share capital and loans, as well as technical and administrative support for the metro projects.

Patel indicated that the government is persistently working to make the state self-reliant in the energy sector.

In line with the Memorandum of Understanding (MoU) signed between the state government and various central public sector enterprises on March 10, 2024, the Cabinet approved the proposals for forming joint venture companies with central public sector units.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..