Supreme Court orders Sahara to deposit Rs 1,000 cr

06 Sep 2024 CW Team

The Supreme Court has directed the Sahara Group to deposit Rs 1,000 crore as part of its ongoing financial obligations. This order is a significant development in the long-standing legal proceedings involving the group. Additionally, the court has granted approval for a joint venture (JV) to proceed with the development of a prominent piece of land in Mumbai owned by Sahara.

The JV will focus on transforming the site into a major real estate project, which is expected to boost the local economy and create numerous job opportunities. The ruling underscores the court?s commitment to ensuring compliance with financial directives and facilitating progress in major development projects.

Infrastructure Transport

01 Sep 2025

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..

AP Issues Bid for Rs 34.9 Billion Battery Storage Project

The Transmission Corporation of Andhra Pradesh (APTRANSCO) has invited bids for the development of 1,000 MW/2,000 MWh battery energy storage systems (BESS) across seven substations in the state. The project, with an estimated viability gap funding of up to Rs 34.9 billion, will be executed under a build, own, and operate (BOO) model through tariff-based competitive bidding.Bid Timeline and StructureBids must be submitted by 29 September 2025 and will be opened on 6 October. The VGF support per project is capped at Rs 1.8 million per MWh and will be released in three instalments—20 per cent u..