Union Minister Visits Punatsangchhu Hydropower Projects

15 Apr 2026 CW Team

During the visit he emphasised the long-standing partnership in the energy sector and underlined India's continued support through financial assistance and technical collaboration, while commending coordinated efforts of engineers and experts from both sides. He inspected the powerhouse at Punatsangchhu I and received a briefing on implementation status and key milestones achieved to date. The minister later proceeded to Punatsangchhu II to review operational performance.

Punatsangchhu II, which was jointly inaugurated on 11 November 2025 by the Prime Minister of India and the King of Bhutan, has emerged as a significant contributor to Bhutan's energy sector and has already generated substantial electricity and revenue, enabling exports of clean power to India. The minister appreciated the execution and operational efficiency, acknowledged the contribution to Bhutan's economic growth and reaffirmed India's commitment to supporting sustainable energy development. He inspected the powerhouse and dam site and was apprised of ongoing operations and maintenance arrangements.

The visit also included a call at Wangdue Phodrang Dzong, recognised as a repository of Bhutan's historical and cultural heritage, reflecting the wider context of bilateral ties beyond energy cooperation. Officials from the Ministry of Power and project authorities accompanied the minister throughout the programme and noted continuing collaboration on implementation and operational matters. The visit was presented as an affirmation of the shared priority of clean energy development and mutual economic benefit.

The Union Minister of Power and Housing and Urban Affairs, Shri Manohar Lal, visited Bhutan and inspected the Punatsangchhu-I Hydropower Project (Punatsangchhu I project) and the Punatsangchhu-II Hydropower Project (Punatsangchhu II project) as part of bilateral cooperation. At the Punatsangchhu I project he attended the ceremony for the pour of concrete for the dam, which marked a significant construction milestone for the largest joint hydropower venture between the two countries. The minister noted that the project is expected to enhance Bhutan's hydropower capacity substantially upon completion. During the visit he emphasised the long-standing partnership in the energy sector and underlined India's continued support through financial assistance and technical collaboration, while commending coordinated efforts of engineers and experts from both sides. He inspected the powerhouse at Punatsangchhu I and received a briefing on implementation status and key milestones achieved to date. The minister later proceeded to Punatsangchhu II to review operational performance. Punatsangchhu II, which was jointly inaugurated on 11 November 2025 by the Prime Minister of India and the King of Bhutan, has emerged as a significant contributor to Bhutan's energy sector and has already generated substantial electricity and revenue, enabling exports of clean power to India. The minister appreciated the execution and operational efficiency, acknowledged the contribution to Bhutan's economic growth and reaffirmed India's commitment to supporting sustainable energy development. He inspected the powerhouse and dam site and was apprised of ongoing operations and maintenance arrangements. The visit also included a call at Wangdue Phodrang Dzong, recognised as a repository of Bhutan's historical and cultural heritage, reflecting the wider context of bilateral ties beyond energy cooperation. Officials from the Ministry of Power and project authorities accompanied the minister throughout the programme and noted continuing collaboration on implementation and operational matters. The visit was presented as an affirmation of the shared priority of clean energy development and mutual economic benefit.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..