Tata Power Renewable commissions 150 MW Solar capacity in Rajasthan

Tata Power Renewable Energy (TPREL) has commissioned 150 MW solar capacity in Village Chhayan, Tehsil Pokharan, state Rajasthan. With this, the overall operating renewable capacity of TPREL now stands at 2,628 MW in India. The company had won this capacity in a bid at a tariff of INR 2.72/kWh announced by MSEDCL during May 2018. The sale of power from this solar plant has been tied up under a 25 year Power Purchase Agreement with Maharashtra State Electricity Distribution Co. Ltd. The company is currently developing 500 MW of renewable…

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ESR-Future Group to develop logistics infra assets, Rs 300 cr investment planned

 ESR India Investments Holdings, a subsidiary of Asia Pacific’s leading logistics real estate platform ESR, announced a strategic alliance with Future Group through Future Market Networks Ltd . It is estimated that an investment of nearly Rs.300 crore (approximately US$42 million) shall be made to develop two state-of-the-art industrial and warehousing parks to service the northern and central regions. This collaboration is aimed to set new standards for the warehousing and industrial real estate sector and benefit from the burgeoning e-commerce growth in these regions. The two sites, with a…

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NTPC commissions first 660 MW unit of Nabinagar Power Plant

NTPC, India’s largest power generating company, last week commissioned the first 660 MW unit of 1980-MW Nabinagar Super Thermal Power project in Bihar. R.K. Singh, Union Minister of State (Independent charge), Power, New and Renewable energy declared the Commercial operation of 660MW Nabinagar Power Plant.Nabinagar Power Generating Company is a wholly owned Subsidiary of NTPC Limited. During his visit to NPGCL, Power Minister inspected the Power Plant and township. He highlighted the new initiatives and appreciated the efforts of NTPC for working in line with the Government commitments to ensure a 24X7…

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First mega food park in Telangana unveiled

Harsimrat Kaur Badal, Union Minister of Food Processing Industries, last week inaugurated the first Mega Food Park in Telangana promoted by Smart Agro Food Park at Village Lakkampally, Nandipet Mandal of Nizamabad District, Telangana state. The Mega Food Park will leverage an additional investment of about Rs. 250 crore in 22 food processing units in the park and generate a turnover of about Rs. 14000 crore. The Park will also provide direct and indirect employment to 50,000 youth and benefit about 1 lakh farmers.   The Mega Food Park has been set…

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New liquid cargo jetty at JNPT to enhance capacity by 4 MTPA

Union Minister of State for Shipping Mansukh Mandaviya last week laid the foundation stone for an additional Liquid Cargo Jetty at Jawaharlal Nehru Port Trust (JNPT). The total project cost for is over Rs 300 crore and it is expected to significantly increase the capacity of the port in handling liquid cargo like POL, LPG, edible oil, molasses, chemicals etc. “There is an increased domestic and industrial demand for liquid commodities like LPG etc in the country, with PM’s plans to reach gas stoves to every home.  The present liquid…

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Tata companies partnership to install charging stations at a rapid pace

Tata Power and Tata Motors recently announced their partnership to install 300  fast charging stations for electric vehicles by the end of the FY20, across key five cities namely Mumbai, Delhi, Pune, Bangalore and Hyderabad. Over the next two months, 45 more chargers will be installed across the other four cities. These chargers will be installed at Tata Motors dealerships, certain Tata Group retail outlets and other public locations. The chargers will be operated by Tata Power and will adhere to Bharat Standard (15 kW) for the initial 50 chargers.…

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FM Logistics to kickstart multi client facility project near Gurgaon

French  firm FM Logistics, which is seeking to expand its footprint in India, will soon kickstart the construction of a major multi-client facility near Gurgaon as its larger plans to position itself at critical geographical locations. This would be in addition to one such unit which exists in Bilaspur (near Gurugram).  For the new site, the company has acquired 31 acres of land in Jhajjar. With the help of its real estate sister company NG Concept, construction of the MCF is expected to start in the coming months. The Jhajjar…

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NHAI to open more Toll-Operate-Transfer projects for private investment

National Highways Authority of India (NHAI) organised a road show for the third phase of Toll-Operate-Transfer project for prospective bidders in New Delhi early this month. Speaking on the occasion, Chairman of NHAI Narendra Nath Sinha said several more bundles will be offered in the months to come. He called upon the private investors to bid for these bundles, saying TOT is a risk-free model. The TOT bundle 3 comprises of nine stretches traversing a total length of approx. 566 kms in UP, Bihar, Jharkhand and Tamil Nadu. Stretch 1…

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Major capacity expansion underway at Mumbai Port, JNPT

There would be a significant addition in the traffic handling capacity of Mumbai Port and JNPT in the coming years. In a written reply to a question in Rajya Sabha recently, the Minister of State for Shipping (I/C) Mansukh Mandaviya informed that several projects are currently underway at these two ports which will give a boost to their current capacity – 78.4 million tonnes for Mumbai and 118.3 million tonnes for JNPT.   Sharing the details, the minister pointed out at 5 MTPA re-gasification unit set up at Mumbai Port. Furthermore,…

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CONCOR- BHEL come together to set up multi-modal logistics unit

In a significant recent development, two major PSUs – Container Corporation of India (CONCOR) and Bharat Heavy Electricals Limited (BHEL) – signed MoU to jointly set up a rail based logistics terminal at Haridwar.  As part of the agreement, a joint working group BHELCON will be formed with equal financial participation by CONCOR and BHEL. The deal marks BHEL’s entry into a new strategic area.  “Besides meeting BHEL’s own requirements, this terminal would cater to the large number of industries located at neighbouring SIIDCUL as well as other nearby industrial…

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