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IIT Kanpur Revitalizes Kushak Drain
IIT Kanpur has undertaken a significant project to revitalise the Kushak Drain, allocating Rs.1.69 billion for its rejuvenation. The initiative aims to mitigate flooding and improve the drainage system in Delhi, addressing long-standing concerns about waterlogging and environmental degradation in the region.
The project entails a comprehensive approach, leveraging advanced technologies and sustainable practices to rehabilitate the Kushak Drain. IIT Kanpur's involvement underscores its expertise in engineering and environmental sciences, offering innovative solutions to complex urban..
IIT Kanpur & Indian Army collaborate to pursue carbon neutrality
The Indian Army is now prepared to strive towards achieving carbon neutrality on a number of cantonment campuses in yet another green endeavour. As a result, the Military Engineer Services (MES) Jhansi and IIT Kanpur have recently inked MoU to work towards the zero-emission goal. The action is intended to aid India's effort to achieve net-zero emissions by 2070. The institute will do yearly sustainability audits for the MES Jhansi cantonment campuses as part of this MoU. The results of these audits will be used to pinpoint problem areas and create plans for lowering the schools' carbon..
India soon to have smart power transmission systems
According to a Power Ministry statement issued, the country will soon have a modern and smart power transmission system with features such as real-time monitoring and automated grid operation.
The government has accepted the report of a task force or expert panel, paving the way for India to have a modern and smart electricity transmission system.
The modern and smart power transmission system will provide better situational assessment, increased renewable capacity in the power mix, improved transmission capacity utilisation, greater resilience against cyber attacks as well..
L&T subsidiary opens new manufacturing unit in Saudi Arabia
L&T Valves Ltd., a subsidiary of Larsen & Toubro, established a new manufacturing plant in Al Jubail, Saudi Arabia, next to the Dammam-Abu Hadriyah Highway. One of Saudi Arabia's main providers of on-off valves is L&T Valves.
The manufacturing facility is being opened with the intention of satisfying the increasing demand from the Middle East. In keeping with Saudi Vision 2030, Anil V. Parab, Whole-time Director and Senior Executive Vice President, Heavy Engineering and L&T Valves, emphasised that the new facility will greatly improve local manufacturing capabilities..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
