New houses in AP not to guzzle energy

05 Sep 2023 CW Team

In a significant development, the state of Andhra Pradesh has successfully initiated the construction of nearly 93% of the sanctioned 21.25 lakh housing units under the 'Navaratnalu Pedalandariki Illu' program. This ambitious housing project has received substantial financial backing from the state government, with an allocation of Rs 7,630 crore for the current fiscal year.

Notably, beneficiaries who opt for energy-efficient appliances will be entitled to a comprehensive package, including four LED bulbs, two LED tube lights, and two energy-efficient fans, all offered at prices below prevailing market rates.

To achieve this energy-efficient initiative, the Andhra Pradesh State Housing Company Limited has forged a memorandum of agreement with the Energy Efficiency Services Limited (EESL). The primary aim of this collaboration is to supply 6 lakh LED bulbs, 3 lakh LED tube lights, and 3 lakh BLDC ceiling fans in the initial phase to the beneficiaries residing in the Jagananna Colonies under the 'Navaratnalu-Pedalandariki Illu' scheme.

This strategic partnership is expected to yield substantial energy savings, estimated at 734 units per house annually. In total, it is projected to save an impressive 1145 million units of energy annually across 15.6 lakh houses encompassed in the first phase of the scheme. The transition to energy-efficient BLDC fans is predicted to reduce consumption by an impressive 50%, while LED tube lights and bulbs are set to slash energy usage by 60% and a remarkable 90%, respectively, in comparison to conventional appliances.

This commendable initiative not only addresses housing needs but also contributes significantly to sustainable energy practices, exemplifying the state's commitment to both housing development and environmental conservation.

Infrastructure Urban

18 Sep 2025

CCI Approves Triumph Composites’ Acquisition of Owens-Corning India

The Competition Commission of India (CCI) has approved the proposed acquisition of the entire shareholding of IPM Inc. and OC NL Invest Cooperatief U.A. (OC India Sellers) in Owens-Corning (India) Pvt. Ltd. by Triumph Composites Pvt. Ltd. and Quartz Fibre Private Limited.Triumph Non-Ionics Private Limited (now Triumph Composites Private Limited) along with 3B Lux S.À R.L, Owens Corning, Artek US Holding Corp., and Ayana Chemicals Singapore Pte. Limited entered into a Master Share Purchase Agreement (MSPA) on 13 February 2025. Under the agreement, the parties agreed to the sale of Owens Cornin..

BMC Approves Phase 2 of Kala Ghoda Precinct Upgrade

With the first phase of the Kala Ghoda precinct development nearing completion, the Brihanmumbai Municipal Corporation (BMC) has approved the second phase, aimed at upgrading five key roads while introducing a public plaza and improved parking. The project forms part of a broader plan to transform the city’s iconic art district into a greener, more pedestrian-friendly cultural hub.Phase 2 will cover Mahatma Gandhi Road, K Dubash Road, Nagindas Road, Chamber of Commerce Lane, and Forbes Street, while Phase 1 work continues at V B Gandhi Marg, Rutherfield Street, Rope Walk Lane, Saibaba Road, ..

Reliance Raises Rs 210 Billion via Asset-Backed Securities

Billionaire Mukesh Ambani’s Reliance Group companies raised approximately Rs 210 billion ($2.4 billion) on Monday through asset-backed securities (ABS), sources familiar with the matter said, making it among the largest such deals in India this year.Around three-quarters of the issuance was purchased by leading domestic asset managers, including Aditya Birla Sun Life AMC, HDFC AMC, ICICI Prudential AMC, Nippon Life India AMC, and SBI Funds Management, according to the sources.The securities, issued as pass-through certificates, came via three trusts — Radhakrishna, Shivshakti, and Siddhivi..