TCIL, a Mini Ratna company, has announced a significant dividend payment of Rs 14.20 crore for the Financial Year 2022-23 to the government. The Chairman & Managing Director of TCIL, Sanjeev Kumar, presented a dividend cheque to the Secretary, Telecom, Shri Neeraj Mittal, marking the company’s commitment to its shareholders and the government. With a…
Tamil Nadu NLC India Ltd, under the Ministry of Coal, has contributed Rs. 4.30 crore to the Tamil Nadu Chief Minister’s Public Relief Fund. This contribution includes Rs. 2.30 crores, equivalent to one day’s salary from NLC India’s employees. The assistance aims to aid the recovery of people affected by the recent flood caused by…
In a bid to elevate indigenous production of solar panels, Union Minister of State for New & Renewable Energy, Bhagwanth Khauba, highlighted the significance of schemes like the Production Linked Incentive (PLI) for High Efficiency Solar Panel manufacturing. With a substantial budget of Rs. 24,000 crores, the PLI initiative is expected to spur growth in…
In a significant stride, the capital expenditure on National Highways (NHs) has witnessed a remarkable upswing, escalating from approximately Rs. 51,000 Crore in 2013-14 to an impressive Rs. 2,40,000 Crore in 2022-23. The Ministry, entrusted with the development and upkeep of NHs, has experienced a substantial boost in its budgetary allocation, surging from Rs. 31,130…
IREDA’s stock experienced a significant 20% surge in a single day, marking an impressive 166% increase from its IPO debut. Following its strong start, the public sector unit’s shares reached the upper circuit, reflecting the prevailing optimistic market sentiment towards PSU stocks. This surge was propelled by the strategic launch of a retail division, focusing…
The Ministry of Heavy Industries (MHI) has provided a significant subsidy of Rs. 5,228.00 crore to electric vehicle manufacturers, resulting in the sale of 11,53,079 electric vehicles by December 1, 2023. Under the FAME India Phase II Scheme, MHI has sanctioned 6862 electric buses, with 3487 buses already supplied to State Transport Undertakings (STUs). The…
In October 2023, coal production soared to 78.65 Million Tonne, marking an 18.59% increase from the previous year’s 66.32 Million Tonne. The Coal Industry Index exhibited substantial growth, rising from 9.1% in April to an impressive 18.4% in October 2023, reaching 172.6 points. This surge in the Index of Coal Industry significantly contributed to the…
The India Infrastructure Report 2023, focusing on Urban Planning and Development, was unveiled virtually on 4 December 2023 by former Vice President Venkaiah Naidu. The report, a collaboration between the IDFC Foundation, iDeCK, and NIUA, marks a significant milestone in the acclaimed India Infrastructure Report (IIR) series.* Speaking at the virtual release event, M. Venkaiah…
In a significant environmental stride, 66 Indian airports, including key hubs such as Delhi, Mumbai, Hyderabad, and Bengaluru, are now fully powered by green energy. These airports have not only embraced sustainable practices but have also attained Level 4+ and higher accreditation from the Airports International Council (ACI), marking them as carbon-neutral facilities. The Ministry…
The Ude Desh ka Aam Nagrik (UDAN) scheme, part of the Regional Connectivity Scheme (RCS), has witnessed over 130 lakh individuals benefiting from its initiatives. Currently, 517 RCS routes are in operation, connecting 76 airports, including 9 heliports and 2 water aerodromes. The government, aiming to bolster regional air connectivity at affordable rates, has set…
