Telangana Sends Rs 196 B Metro Phase II-B Plan To Centre
430x85 The Telangana government has forwarded Hyderabad Metro Phase II-B to the Union Ministry of Housing and Urban Affairs, enclosing all detailed project reports. The scheme spans 86.1 km across three corridors and carries an estimated outlay of Rs 195.79 billion.
Three new corridors
Funding structure
The joint-venture model mirrors Phase II-A:
- Telangana Rs 58.74 billion (30 per cent)
- Union Government Rs 35.24 billion (18 per cent)
- International debt Rs 93.98 billion (48 per cent)
- PPP Rs 7.83 billion (4 per cent)
Earlier, Hyderabad sought clearance for Phase II-A (76.4 km, Rs 242.69 billion). Chief Minister A Revanth Reddy has urged swift Union approval, citing the need to relieve road congestion and support sustainable growth in the fast-expanding city.
Phase I delivered 69.2 km of track at Rs 220 billion, the world’s largest metro built under a PPP model.
Shree Cement Boosts Green Goals with 6 MW Solar Plant in Roorkee
Shree Cement, one of India’s leading cement producers, has commissioned a 6.0 MWp solar power plant at its Roorkee unit in Uttarakhand. Strategically located next to its existing cement operations, the plant marks a significant step forward in the company’s journey towards its RE100 targets and decarbonization goals.With this latest addition, solar capacity at the Roorkee facility has grown sevenfold from 1.0 MWp to 7.0 MWp. Shree Cement’s total solar footprint now stands at an impressive 293.5 MWp, reinforcing its leadership in sustainable manufacturing within India’s cement sector.Ne..
Covestro India, CSIR-NCL Partner to Recycle Polyurethane Waste
Convestro (India) National has signed a Memorandum of Understanding (MOU) with the CSIR- Chemical Laboratory (NCL) launching an innovative Corporate Social Responsibility project aimed at developing sustainable upcycling solutions for polyurethane materials, addressing the critical limitations in current recycling technologies.The collaborative project will explore innovative approaches to transform polyurethane waste into valuable chemical building blocks. This research aims to develop commercially viable technologies that could greatly improve the circularity of polyurethane materials while ..
Aimtron Electronics Raises Rs 1 Bn via Warrants for New Facility
Aimtron Electronics, a fast-growing Electronics System Design and Manufacturing (ESDM) company, hased a fundraise of approximately Rs 1 billion through the issuance of convertible warrants on a preferential basis. The round includes participation from the promoter group including Mukesh Vasani and Nirmal Vasani along with a host of marquee investors.The Board of Directors of Aimtron Electronics has approved the issuance of up to 14,79,000 warrants of the company, at the price of Rs 666 per warrant each convertible into, for one fully paid-up equity share of the company of face value of Rs 10 a..
Latest Updates
