The new power plant will meet the requirement of electricity in J&K
Considering, India's substantial infrastructure requirement, Asian Infrastructure Investment Bank (AIIB) has plans to invest around Rs 127 billion in projects including transport (metro), rural (road upgradation), energy (renewables) and water and waste management.
Simplex Infra has bagged orders worth Rs 25.95 billion in the fourth quarter from January to MarchÂ’18. With this the total order inflow during FY18 amounts to Rs 76.66 billion. The new orders have emanated 87 per cent from public sector and 13 per cent from private sector, 98 per cent from domestic territories and 2 per cent from abroad.
The government's thrust on infrastructure, which is one of the key end-user industries for the steel business, is an encouraging trend for steel demand. Within infrastructure, significantly higher capital expenditure earmarked for affordable housing, power transmission and railways is likely to augment steel demand.
Skipper Limited, one of the leading manufacturers in the power transmission & distribution and polymer pipes & fittings segment has commissioned its second plant in Guwahati, Assam. In an announcement, the company shared the commencement of commercial production from the new unit.
ABB India has posted its biggest growth in orders in recent years. The investments in power transmission based on cutting edge technology, renewables, increased spend in infrastructure & transportation provided ABB India ample opportunities.
Mitsubishi Corporation has reached a basic agreement with AES Corporation and Tata Power Delhi Distribution Limited (TPDDL), which distributes electricity in northern and north-western Delhi, to develop an energy storage demonstration project in India. The project will be concentrated in the grid sectors operated by TPDDL.
Power Grid Corporation of India Limited (PGCIL) has evinced interest in investing in power transmission lines in Telangana. Â“PGCIL has expressed its interest to invest in the transmission projects in the state. The Chief Minister wanted officials from the state electricity department and PGCIL to hold talks in this regard,Â” a release issued by Telangana Chief Minister K Chandrasekhar RaoÂ’s office said.
India Grid Trust has filed its draft red herring prospectus with SEBI for a proposed IPO of Rs 2,650 crore. The investment trust, sponsored by Sterlite Power Grid Ventures Ltd, owns inter-state power transmission assets in India.