NABFID Secures Major NHAI Loan Deal, Challenges Banks

45% Work Complete on Murkongselek–Pasighat Rail Line

The Murkongselek–Pasighat new line project, a key initiative by Northeast Frontier Railway (NFR) to enhance rail connectivity between Assam and Arunachal Pradesh, has achieved 45% physical progress as of March 31, 2025. The project, estimated at Rs 12.52 billion, is expected to play a crucial role in regional transportation and economic integration. Spanning 26.15 km, the project is being executed in two phases. In Phase I (Murkongselek to Sille – 15.60 km), earthwork is nearly complete, with 13.75 lakh cubic meters done out of a total 14.16 lakh cubic meters. Work on 18 major and 35 mino..

Vedanta’s TSPL Unveils Punjab’s Largest Biomass Plant

In a major step toward sustainable energy and air pollution control, Talwandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta Ltd, has commissioned Punjab’s largest biomass manufacturing facility near its 1,980 MW thermal power plant in Mansa. With a capacity of 500 tonnes per day, the new plant converts agricultural stubble into torrefied bio-pellets — a high-grade, solid biofuel produced through a thermochemical process. These carbon-neutral pellets offer a cleaner, high-energy alternative to coal and are expected to significantly reduce TSPL’s environmental footprint. Crop stubble, t..

Netincon Wins India’s First Green Tug Tender

In a landmark move toward sustainable maritime operations, Netincon Marketing Pvt Ltd, a subsidiary of the Ripley Group, has emerged as the lowest bidder for India’s first electric green tug tender floated by the Deendayal Port Authority. The company quoted a daily hire rate of Rs 6.3 lakh—5.97% lower than the reserve price of Rs 6.7 lakh. To meet the tender's technical requirements, Netincon Marketing has partnered with Mandovi Drydocks, a Goa-based shipbuilder, to construct the electric tug. The contract will run for 15 years, marking a significant step in India’s effort to decarboniz..