India approves 10,000 electric buses for sustainable urban transport
Cabinet okays Railways pact with USAID
The Union Cabinet chaired by Prime Minister Narendra Modi was apprised of signing of a memorandum of understanding (MoU) between India and the US for United States Agency for International Development in India (USAID/India) on June 14, 2023, for supporting Indian Railways to achieve mission net zero carbon emission by 2030.
The MoU provides a platform for Indian Railways to interact and share the latest developments and knowledge in the railway sector.
The MoU facilitates utility modernisation, advanced energy solutions and systems, regional energy and market integration and ..
Cabinet clears Rs 207.73 bn for Ladakh power transmission
The Union Cabinet had approved a budget of Rs 207.73 billion for establishing a transmission line aimed at evacuating power from a 13 GW renewable energy project in Ladakh. The initiative was initially unveiled by Prime Minister Narendra Modi in his Independence Day address, where he outlined plans for a 7.5 GW Solar Park in Ladakh.
Following an extensive field survey, the Ministry of New and Renewable Energy (MNRE) devised a comprehensive plan for constructing a 13 GW Renewable Energy (RE) generation capacity in addition to a 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh..
Cabinet approves Rs 207.73 bn power transmission in Ladakh
The Union Cabinet announced that Rs 207.73 billion has been approved for establishing a transmission line to evacuate power from a 13 GW renewable energy project in Ladakh. Prime Minister Narendra Modi had declared the establishment of a 7.5 GW Solar Park in Ladakh during his Independence Day speech.
Following a comprehensive field survey, the Ministry of New and Renewable Energy (MNRE) devised a plan to establish a 13 GW Renewable Energy (RE) generation capacity and a 12 GWh Battery Energy Storage System (BESS) in Pang, Ladakh.
It was stated in an official release that to ha..
NCLAT Halts ATS Projects' Insolvency
The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.
The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..
IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer
IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.
The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..