Western Railway Mumbai Logs Rs 1 Billion in Digital Payments
In a significant boost to the Digital India initiative, the Mumbai Division of Western Railway has recorded over Rs 1 billion in digital payments across 97 stations over the past year, highlighting its leading role in modernising Indian Railways’ ticketing systems.Transitioning from cash-based transactions, the division’s swift digital adoption is credited to the rollout of QR code-based payments and the Unreserved Ticketing System (UTS). These platforms enabled seamless, contactless ticketing and played a key role in the shift, according to Chief Commercial Manager Ganesh Jadhav.To promot..
Reliance Power Plans Rs 90 Billion Fundraising Drive
Reliance Power, led by Anil Ambani, has announced a major Rs 90 billion capital-raising initiative as part of a broader financial restructuring plan, following a strong rebound in its earnings. The board has approved raising Rs 60 billion through equity shares and another Rs 30 billion via non-convertible debentures (NCDs).The equity capital will be mobilised through either a Qualified Institutions Placement (QIP), a follow-on public offering (FPO), or a mix of both, pending shareholder approval. The NCDs, whether secured or unsecured, will be issued in one or more tranches through private pla..
Bihar Clears Draft Policy To Boost Pumped Storage Projects
Bihar Deputy Chief Minister Samrat Choudhary announced that the draft of the Bihar Pumped Storage Project Promotion Policy 2025 has been approved to promote Pumped Storage Projects (PSPs) in the clean energy sector and ensure grid stability through effective energy storage solutions.Choudhary noted that with the rising share of renewables—including solar, wind, and biomass—maintaining grid stability has become a growing challenge. Pumped storage, he said, has emerged as a dependable solution to ensure energy availability during peak demand.He further highlighted that the National Electrici..
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