Tripura signs Rs 22.75 bn pact with ADB on power supply

03 Jan 2023 CW Team

Tripura's government has inked a Rs 22.75 billion agreement with the Asian Development Bank (ADB) to enhance and improve power distribution efficiency in the northeastern state, according to deputy chief minister Jishnu Dev Varma.

Dev Varma described the agreement as "historic" for the state, saying it is the single largest project in any plan through an externally aided initiative.

According to Dev Varma, the project agreement was signed remotely by Brijesh Pandey, Tripura's power secretary, and Nilaya Mitesh, the officer in charge of ADB's India Resident Mission in New Delhi, following much deliberation and evolution. The ADB initiative, according to the deputy CM, will help the state government boost its electricity sector by replacing inefficient power plants and strengthening the distribution infrastructure.

Of the Rs 22.75 billion fund, the Centre will repay Rs 18.20 billion while the state is supposed to provide Rs 4.55 billion, he said, adding the project will be implemented in the next three years.

Also Read
Commercial real estate will outpace residential sales in FY23
Angul-Balram rail line inaugurated in Odisha

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..

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..

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..