360 infrastructure projects report cost overruns of Rs 3.88 trillion

Jindal Stainless Partners on 282 MW Wind-Solar Hybrid Project

Jindal Stainless Ltd, India’s largest stainless steel manufacturer, has joined forces with private-sector power producer Oyster Renewable Energy to develop a 282 MW interstate wind-solar hybrid power project for its own consumption.The project is strategically located across Bhuj in Gujarat and Agar in Madhya Pradesh. It will combine 82 MW of wind and 135 MWp of solar capacity in Madhya Pradesh, alongside 99 MW of wind capacity in Gujarat, to supply power to Jindal Stainless Ltd’s manufacturing plants.Jindal Stainless has acquired a 33.64 per cent equity stake in Oyster Green Hybrid One Pv..

India Must Double Renewable Capacity To Hit 500 GW Target

India’s renewable energy sector must nearly double its annual capacity additions to 50 gigawatts (GW) between 2025 and 2030 to meet the ambitious target of 500 GW, according to a report by S&P Global Ratings. This represents a significant jump from last year’s addition of 29 GW.The global rating agency estimates that achieving this goal will require an investment of approximately USD 175 billion (around Rs 14.5 trillion) in capacity expansion, alongside up to USD 150 billion (about Rs 12.5 trillion) for the development and strengthening of transmission and distribution infrastructure.A..

Maharashtra Clears Kurla Plot Transfer for Dharavi Redevelopment

The Maharashtra Cabinet on Tuesday approved amendments to the terms of the land transfer agreement, paving the way for the transfer of an 8.5-hectare (21-acre) Dairy Development Department plot in Kurla to the Dharavi Redevelopment Project (DRP). The plot, which formerly housed the now-defunct state-run Mother Dairy unit, will be used to construct rehabilitation tenements for Dharavi’s ineligible residents.The Cabinet, chaired by Chief Minister Devendra Fadnavis, aligned the transfer agreement with the latest policy framework of the Housing and Urban Development Department. This amendment ai..