Sri City in Andhra Pradesh is dubbed the "Cooling City" of India, accounting for nearly 40 per cent of the air conditioners (ACs) manufactured in the country. On Tuesday, this industrial hub added one more feather to its cooling credentials. Carrier Air Conditioning and Refrigeration Ltd, the Indian arm of the oldest AC company in the world, Carrier Global, signed a deal to invest around ~1,000 crore for a new manufacturing unit at Sri City.
Meanwhile, the Indian National Centre for Ocean Information Services (INCOIS) issued high sea waves, up to 4.7 metres high, warning across several coastal districts.
Power Finance Corporation, the nodal agency for ultra mega power projects, has extended the last date for accepting bids for Krishnapatnam project to October 24, sources said. Essar Power, Sterlite Industries, Larsen and Toubro, D S Construction, Japan's Sumitomo Corp and CLP-GMR combine are other companies believed to be in the qualified bidders list.
Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam, will be awarded the contract in a few days.
The government on Wednesday approved 12 new industrial cities in 10 states on the lines of Greater Noida in Uttar Pradesh and Dholera in Gujarat to boost domestic manufacturing with an estimated investment of Rs 28,602 crore. These industrial areas will be in Khurpia in Uttarakhand, Rajpura-Patiala in Punjab, Dighi in Maharashtra, Palakkad in Kerala, Agra and Prayagraj in UP, Gaya in Bihar, Zaheerabad in Telangana, Orvakal and Kopparthy in AP, and Jodhpur-Pali in Rajasthan, and one in Haryana. A decision in this regard was taken in a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced the acquisition of a 95 per cent stake in Gopalpur Ports in Odisha from Shapoorji Pallonji Group and Orissa Stevedores Ltd at an equity value of Rs 1,349 crore. In Gopalpur Ports, Shapoorji Pallonji Group (SP Group) firm SP Port Maintenance Pvt Ltd has a 56 per cent stake and Orissa Stevedores Ltd (OSL) has a 44 per cent stake. Gopalpur Port is an all-weather deep-water berthing port with a capacity of 20 million tonnes per annum (MTPA) situated in Ganjam district of Odisha.
India's private and state government-owned ports (non-major ports) continued to grow faster than those owned by the Centre (major ports) through the first three quarters of 2023-24 (FY24), cargo handling data shows. At 604 million metric tonnes (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major ports' cargo traffic growth was 11 per cent at 531 mmt. During December 2023, central government-owned ports in India handled cargo volumes of 69.9 mmt, a tepid year-on-year (Y-o-Y) growth of 0.7 per cent.
The Andhra Pradesh government on Monday gave the green signal for the use of the traditional medicine, touted as a miracle cure particularly for COVID-19 patients, being prepared by an Ayurvedic practitioner B Anandaiah in Krishnapatnam village in SPS Nellore district.
Two ultra mega power projects are coming up at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh.
The company has executed financing agreements for the imported coal fired project, the largest in South India.
The company had raised a similar amount of debt in FY 09 as well. Reliance Power has bagged three of four contracts for developing UMPPs in the country.
The daily rise in coronavirus cases in India remained below the 3 lakh-mark for the sixth consecutive day, with 2.57 lakh new cases recorded in a single day, the Union health ministry said on Saturday.
The proposed Krishnapatnam ultra mega power project - the third 4,000 Mw project to go under the government's hammer - has attracted just three bids from Sterlite, Reliance Power and Larsen & Toubro, though there were nine qualified bidders for the project.Those who have not bid after expressing an interest include Essar Power, NTPC, Japan's Sumitomo Corporation, China Light and Power (with GMR) Israel Electric Company (with DS Construction) and Tata Power.
Global IT giants such as FaceBook, Google, IBM and Microsoft have a base in Hyderabad.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
Rose growers in South India, mainly Hosur, have for many years spread the scent of love on Valentine's Day around the world. But the world seems to have jilted them for other options this time
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
In a scenario where we have power purchase agreements and the SEBs are in financial strife, we would always get supported, as our cost of generation is lower than most other plants.
The Central government plans to invest Rs 5,000 crore (Rs 50 billion) to develop Dugarajapatnam port in Andhra Pradesh's Nellore District.
The World Bank will give a loan of $1 billion (about Rs 5,000 crore) to power transmission company PGCIL this year for developing infrastructure in the sector.
Anil Ambani-led Reliance Power, which emerged as the lowest bidder for the 4,000 MW ultra mega power project at Krishnapatnam in Andhra Pradesh, will be awarded the contract in a few days, Power Minister Sushilkumar Shinde said on Tuesday.
The 4,000 MW Krishnapatnam ultra mega power project in Andhra Pradesh seems to be stuck, thanks to the state government's inability in resolving and expediting issues related to the project.
UMPP is coal-based thermal power project that has 4,000 MW capacity.
The thanks-giving activities will start with laying of wreaths at the police memorial in Delhi and in several other cities on Sunday morning to honour the police personnel deployed in enforcement of the nationwide lockdown, officials said. It will be followed by fly-pasts by fighter and transport aircraft of the Indian Air Force, covering a sizeable number of cities and towns across the country between 10 am and 11 am, officials said.
The projects coming up in Bihar, Jharkhand and Odisha will together add 16,000 MW capacity to country's power generation.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
Most key rabi-producing states of north India, such as Madhya Pradesh and Rajasthan, have staggered their procurement to enable farmers to come in batches, so that there is no overcrowding. The Centre has also set up a call centre to coordinate the inter-state movement of farm commodities.
Reliance Power is yet to get a new CEO after J P Chalasani quit as managing director and chief executive officer.
20 new industrial clusters will be developed in 2014-15.
'He keeps reminding me he is senior. There is no debate in this. I have never shown any disrespect to you since you are a senior,' the PM said.
A sum of Rs 7060 crore is provided in the current fiscal for the project of developing one hundred Smart Cities.
Colombo can handle more container traffic than all of India's ports put together. For a country with a long maritime tradition, this is a pathetic state of affairs, saya T N Ninan.
India's strategy to beat Colombo port is flawed as there are likely to be too many domestic ports competing among themselves instead of targeting the competition, says Michael Pinto.
With their balance sheets under stress, private companies have lost interest in them.
Examples of coordinated initiatives.
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