THDC to Develop 6,790 MW Pumped Hydropower Storage for Rs 336 Bn

06 Sep 2024 CW Team

THDC India announced that it has entered into an agreement with the Maharashtra government to develop six pumped hydro power storage projects (PSPs) with a combined capacity of 6,790 MW. The total investment for these projects is expected to exceed Rs 33,600 crore. This pact is intended to support the development process by facilitating surveys, investigations, and the preparation of Detailed Project Reports (DPRs), ensuring that the projects are completed in a timely manner while complying with relevant rules and policies from both central and state governments.

The memorandum of understanding (MoU) was signed with the Department of Water Resources, Government of Maharashtra. It outlines the development of six PSPs, including Malshej Ghat Pumped Storage Project (700 MW), Aruna Pumped Storage Project (1,950 MW), Kharari Pumped Storage Project (1,250 MW), Humbarli Birmani Pumped Storage Project (1,000 MW), Aruna Kolamb Pumped Storage Project (1,200 MW), and Morawadi Majarewadi Pumped Storage Project (690 MW).

Under the agreement, the Maharashtra government will assist in securing the necessary water allocation for these projects, including both initial filling and annual water requirements, upon receiving formal applications from THDC India. In return, THDC India is committed to diligently preparing and submitting Detailed Project Reports for each initiative, ensuring adherence to the established guidelines and timely project execution.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..