IFC Invests Rs 4.60 Bn in India's Biggest Battery Storage Project
IFC, a member of the World Bank Group, has committed Rs 4.60 billion to IndiGrid for the development of India’s largest standalone battery energy storage system (BESS) project in Gujarat. The project is expected to significantly contribute to the state's clean energy ambitions by enhancing grid stability and ensuring dependable power supply during peak demand periods.The financing involves a long-term investment of approximately Rs 4.60 billion through a subscription to listed non-convertible debentures. This includes 38.5 million from IFC’s own account and $16.5 million in concessional su..
Govt Mandates One Towing Vessel per Port for Emergency Response
In response to recent maritime disasters, the Directorate General of Shipping has proposed a new regulation requiring all Indian ports—whether major or non-major—that handle 10 million metric tonne (MMT) or more of cargo annually to designate at least one tug or towing vessel for emergency response.This proposal follows a series of serious maritime incidents along the Indian coastline, which highlighted deficiencies in the existing emergency response mechanisms. Two major incidents in 2025—the sinking of the container ship MSC ELSA 3 in May and a fire and explosion aboard the WAN HAI 503..
Indian Railways Extends 3 Maharashtra Trains to UP, Jharkhand Temporarily
To maintain uninterrupted rail connectivity amid ongoing infrastructure upgrades, Indian Railways has temporarily extended three train services due to significant construction and renovation work at Gorakhpur Junction, a major station in the North Eastern Railway zone. These changes, which involve alterations in routes and schedules, will be in effect until the end of 2025.Godan Express (11055/11056)The Godan Express, operating between Lokmanya Tilak Terminus (LTT) in Mumbai and Gorakhpur, will now terminate at Gonda instead of Gorakhpur. This revised route will remain in effect until December..
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