Rajasthan Cabinet Approves Four Energy Sector Joint Ventures
POWER & RENEWABLE ENERGY

Rajasthan Cabinet Approves Four Energy Sector Joint Ventures

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code