Jharkhand Seeks ?1.36 Lakh Crore Dues

30 Sep 2024 CW Team

The Chief Minister of Jharkhand, Hemant Soren, has raised concerns over unpaid dues of ?1.36 lakh crore owed by coal companies to the state. In a letter to Prime Minister Narendra Modi, Soren highlighted that this massive outstanding amount is significantly affecting Jharkhand's development. The bulk of these dues arises from coal mining activities, with the state demanding compensation for land acquisition, royalty payments, and other levies.

Soren emphasized that the non-clearance of these dues is hampering critical infrastructure development and welfare programs. The state government has urged the central government to expedite the settlement of these outstanding amounts to boost economic activities in Jharkhand, which is heavily dependent on its mineral resources, especially coal.

This issue is crucial as coal-rich states like Jharkhand play a key role in India's energy sector, and delayed payments impact the state’s ability to invest in necessary public services

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..