Assam Approves Rs 77.3 Bn Investments from Advantage Assam 2.0
The Assam Cabinet has approved investment proposals worth Rs 77.3 billion, stemming from Memorandums of Understanding (MoUs) signed during the Advantage Assam 2.0 summit held in February. The move is expected to significantly boost industrial growth and employment generation in the state.The summit aimed to attract both domestic and international investors by promoting Assam’s strengths in manufacturing, logistics, agro-processing, and tourism. The approvals mark a key step in positioning Assam as a major investment destination in Northeast India.Chief Minister Himanta Biswa Sarma also annou..
Adani Power Secures 1,600 MW Supply Contract in UP
The Uttar Pradesh Cabinet has approved a 25-year power purchase agreement (PPA) between Uttar Pradesh Power Corporation Limited (UPPCL) and Adani Power Limited (APL) for the supply of 1,600 megawatts of electricity. APL won the contract through a competitive bidding process held in October 2024, and the power will be delivered from a new thermal power plant to be developed in the state.In a parallel development, Adani Saur Urja (LA) Limited, a wholly-owned subsidiary of Adani Green Energy, secured a contract to provide 1,250 megawatts of energy storage capacity through pumped hydro projects. T..
IWAI Partners with Rhenus to Scale Up Cargo on Waterways
The Inland Waterways Authority of India (IWAI) has signed a Memorandum of Understanding (MoU) with Rhenus Logistics India Private Limited to expand scheduled barge operations across India's inland waterways. The agreement marks a significant step under the Ministry of Ports, Shipping and Waterways (MoPSW) to promote cost-effective and environment-friendly multimodal logistics.In the first phase of the project, twenty barges and six pusher vessels will be deployed on National Waterways 1, 2, and 16, along with the Indo-Bangladesh Protocol route. The goal is to transport over one million tonnes ..
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