MNRE Extends PM KUSUM Project Completion Deadline To 31 March 2027

02 Apr 2026 CW Team

MNRE stated that the proposal to extend the broader scheme timeline was taken up with the Department of Expenditure (DoE) and that the DoE indicated committed liabilities under the current scheme will be subsumed into the proposed PM KUSUM 2.0 framework. The new framework is currently under formulation and is expected to provide continuity for projects that cannot secure loans within the original timetable. The ministry advised states to continue engagement with lenders to expedite financial closures.

States have been urged to coordinate with banks and financial institutions to facilitate disbursal and loan agreements for affected projects beyond the prior deadline of 31 March 2026 to ensure continuity of implementation. The extension is intended to reduce the risk of project delays or cancellations while the central authorities finalise arrangements for the next phase. Stakeholders argued that without additional time several projects faced undue financial and operational strain.

The adjustment to the completion timeline reflects an acknowledgement of current lending conditions and attempts to balance fiscal commitments with on ground delivery. Officials expect that subsuming committed liabilities into PM KUSUM 2.0 will streamline support for pipelines already advanced to the stage of formal agreements. The ministry will monitor progress and maintain channels with state governments and financial institutions to support timely commissioning of projects.

The Ministry of New and Renewable Energy has extended the completion deadline for eligible projects under the PM KUSUM scheme to 31 March 2027 for projects with power purchase agreements or notices to proceed issued on or before 31 December 2025. The move responds to delays in financial closure caused by constrained lending by banks and financial institutions and follows multiple representations from stakeholders. The extension applies to projects across all three components of the scheme and seeks to safeguard implementation progress. MNRE stated that the proposal to extend the broader scheme timeline was taken up with the Department of Expenditure (DoE) and that the DoE indicated committed liabilities under the current scheme will be subsumed into the proposed PM KUSUM 2.0 framework. The new framework is currently under formulation and is expected to provide continuity for projects that cannot secure loans within the original timetable. The ministry advised states to continue engagement with lenders to expedite financial closures. States have been urged to coordinate with banks and financial institutions to facilitate disbursal and loan agreements for affected projects beyond the prior deadline of 31 March 2026 to ensure continuity of implementation. The extension is intended to reduce the risk of project delays or cancellations while the central authorities finalise arrangements for the next phase. Stakeholders argued that without additional time several projects faced undue financial and operational strain. The adjustment to the completion timeline reflects an acknowledgement of current lending conditions and attempts to balance fiscal commitments with on ground delivery. Officials expect that subsuming committed liabilities into PM KUSUM 2.0 will streamline support for pipelines already advanced to the stage of formal agreements. The ministry will monitor progress and maintain channels with state governments and financial institutions to support timely commissioning of projects.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Building Material

03 Apr 2026

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Infrastructure Urban

01 Mar 2026

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..