1.PLI Scheme draws ₹ 11.5 trillion FDI

India’s PLI scheme has attracted Rs 11.5 trillion FDI for manufacturing in India.

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2.India Ratings outlook on Transport & Energy Infrastructure

India Ratings and Research (Ind-Ra) has maintained a negative outlook on energy and transport infrastructure for 2HFY21, stemming from a likely low demand, driven by low thermal plant load factor and subdued wind generations, and the resultant impact on coverage metrics. The agency has also maintained a negative outlook on the roads and airport sectors.

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3.Which features are in-demand in mining equipment?

Safety, productivity and versatility technologies are crucial to successful mining.

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4.We take on the complete job, from maintenance to operations

Voltas’ Mining and Construction Equipment (M&CE) division dates back to 1954, to the post-Independence era that required rapid industrialisation

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5.MNRE directs the release of PBGs within 45 days after project completion

Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.

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6.Power discoms owe dues worth Rs 68 billion to renewable energy developers

Central Electricity Authority (CEA) stated that power distribution firms throughout the country owed dues amounting to approximately Rs 68.72 billion to renewable energy developers

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7.KIIFB issues first ever offshore masala bonds worth Rs 21 billion

Successful closing of this deal is expected to open new avenues for KIIFB

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8.NTPC signs MoU with Indian Railways for fly-ash transportation

India’s largest power utility NTPC has signed a MoU with Hazipur-based East Central Railway Zone for transportation of fly-ash under the Indian Railways’ Special Freight Train Operator (SFTO) scheme. NTPC thus became the first entity in the country to sign an SFTO agreement with Indian Railways. The fly-ash will be transported by Bogey Tank For Alumina Powder (BTAP) rakes, which are leakproof wagons with special air fluidising system.

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9.NTPC signs term loan of Rs 50 billion with State Bank of India

NTPC has signed a term loan agreement for Rs 50 billion with State Bank of India. The loan facility is extended at an interest rate linked to three-month MCLR of the bank.

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