Modis Navnirman to Migrate to Main Board, Merge Subsidiary

CRISIL Rates Rs 2,086 Cr ACME Projects 'AA-/Stable'

CRISIL Ratings has assigned a 'CRISIL AA-/Stable' rating to the long-term bank facilities worth Rs 2.08 billion of ACME Deohar Solar Power (ADSPPL) and ACME Phalodi Solar Power (APSPPL). Both entities are wholly owned subsidiaries of ACME Solar Holdings (ASHL), and the rating pertains to their renewable energy projects in Rajasthan with a combined capacity of 600 MW. The loan facility has been sanctioned by Power Finance Corporation.The rating reflects strong revenue visibility, healthy financial metrics, robust debt servicing capability, and a secure cash flow structure. A key strength cited ..

Dhamra Port Handles Record Coal Import for Tata Steel

In a major boost to Odisha’s maritime and industrial capabilities, Dhamra Port has handled its largest-ever imported coking coal consignment, totalling 186,782 metric tonnes, brought in by Tata Steel Ltd, one of India’s leading steel producers. The shipment arrived aboard a massive vessel measuring 299.95 metres in length, with a 50-metre beam and an 18.40-metre draft, underscoring the port’s capacity to berth and unload ultra-large carriers with efficiency.This milestone reinforces Dhamra Port’s position as a leading deep-draft facility on India’s eastern coast and reflects its expa..

Maharashtra Clears Forest Land for Rs 13 Billion Coal Project

The Maharashtra Forest Department has approved the diversion of 87.35 hectares of shrub forest, known locally as Zudpi jungle, for the Gondkhairi Underground Coal Mine Project being undertaken by Adani Power Maharashtra Ltd (APML). The project site is located in Gondkhairi village in Kalmeshwar taluka, approximately 20 kilometres from Nagpur, and involves an investment exceeding Rs 13 billion, with an operational lifespan of 30 years.In March 2025, the Supreme Court ruled that the Zudpi jungle areas in Nagpur qualify as forest land and that any diversion for non-forest purposes would require p..