Month: August 2019
LIC offers Rs 1.25 trillion worth of LoC to fund highway projects
The Life Insurance Corporation (LIC) has offered a line of credit (LoC) worth Rs 1.25 trillion to NHAI to fund highway projects. The LoC is valid through 2024. The funds will be used to help […]
MoRTH considers levying commission on fuel sold on expressways
The Ministry of Road Transport and Highways (MoRTH) is planning to generate additional funds from stations located along expressways by levying a commission on every litre of petrol or diesel sold. As part of the […]
NHAI signs MoU with NIIF for funding highway projects
The National Highways Authority of India (NHAI) has signed an MoU with the NIIF. The fund is promoted by the Government of India to give a boost to the country’s infrastructure sectors. The MoU is […]
Haryana government approves the Jind-Hisar new railway line project
The Haryana government has granted approval for the Jind-Hisar new railway line project. The project involves laying of a 50 km long new railway line connecting Jind and Hisar via six new railway stations – […]
Ministry of Railways granted in-principle approval for Nagpur-Nagbhid railway gauge conversion project
The Ministry of Railways granted in-principle approval for the Nagpur-Nagbhid railway gauge conversion project on July 9, 2019. The project involves conversion of the 106 km long Nagpur-Nagbhid narrow gauge railway line in Maharashtra into […]
Kerala cabinet approves semi-high speed railway project
The Kerala cabinet granted approval for the implementation of the Kerala semi-high speed rail corridor project on August 7, 2019. The project, which is being implemented by Kerala Railway Development Corporation Limited, involves the construction […]
Railways creates record by manufacturing 554 coaches in first four months of the current year
The Modern Coach Factory (MCF), in Rae Bareli, Uttar Pradesh, has created a new record by manufacturing a total of 554 Linke Hofmann Busch (LHB) coaches in the first four months of the current financial […]
Proposal for higher speed trains on Delhi-Mumbai and Delhi-Howrah routes approved
The government has approved the proposal to increase the train speed on the Delhi-Mumbai and Delhi-Howrah routes to 160 kmph, reducing travel time by three and a half hours and five hours respectively. While, the […]
India-Bangladesh working towards increasing the frequency of train services between the two countries
Indian Railways is working with Bangladesh towards increasing the frequency of two trains – Maitree Express and Bandhan Express – that run between the two countries. While the Maitree Express, which was launched in 2008, […]
CCEA grants approval for four projects in Assam, Uttar Pradesh and Maharashtra
The CCEA approved three railway line projects in Assam and Uttar Pradesh on July 17, 2019. These are the New Bongaigaon-Agothri line doubling project, the Allahabad-Mughalsarai third rail line project and the Sahajanwa-Dohrighat new rail […]
Sterlite Power and Adani Power secure two projects each under TBCB
Sterlite Power has won two interstate power transmission projects worth over Rs 30 billion under TBCB. One of the projects is the Udupi-Kasargode project which will decongest the interstate transmission system corridor and facilitate smoother power […]
DERC notifies electricity tariffs for 2019-20
The Delhi Electricity Regulatory Commission has notified the new electricity tariffs for 2019-20, significantly reducing the fixed charges while increasing the energy charges. Further, in order to promote electric vehicles (EVs), the tariff for charging […]
EESL completes installation of 500,000 smart meters
Energy Efficiency Services Limited (EESL) has successfully completed the installation of over 500,000 smart meters in the states of Uttar Pradesh, Delhi, Haryana, Bihar and Andhra Pradesh, under the Smart Meter National Programme (SMNP). The […]
Powergrid secures two projects under TBCB
Power Grid Corporation of India Limited (Powergrid) has secured two projects under tariff-based competitive bidding (TBCB) to set up transmission infrastructure. The company will set up the transmission system for providing connectivity to renewable energy […]
CCEA approves Dibang HEP
The Cabinet Committee on Economic Affairs (CCEA) has approved NHPC Limited’s 2,880 MW Dibang multi-purpose project in Arunachal Pradesh. The CCEA approved the expenditure of Rs 16 billion on pre-investment activities and granted various clearances […]
MoP introduces TRA for stressed power plants
The Ministry of Power (MoP) has introduced the “Trust Retention Account” (TRA) for certain stressed power plants to utilise their surplus after meeting operating expenses for servicing debt. As per the MoP’s order, in case […]
MoU signed between the governments of India and Maldives for starting passenger and cargo services
An MoU has been signed between the governments of India and the Maldives for initiating passenger and cargo services. The objective of the MoU is to improve people contact between the two countries by providing […]
IWAI’s vessel carrying cargo from Bhutan arrived at Bangladesh via the Brahmaputra river
An Indian inland waterways vessel carrying cargo from Bhutan arrived at Bangladesh through India via the Brahmaputra river. The IWAI’s vessel, MV AAI, made the maiden voyage from Dhubri in Assam to Narayanganj in Bangladesh, […]
IWAI flagged off the largest containerised cargo shipment via NW-1
The Inland Waterways Authority of India (IWAI) flagged off the country’s largest containerised cargo shipment on inland waterways via National Waterway (NW)-1. The vessel, MV Bhavya, carrying 52 twenty-foot equivalent units of edible oil was […]