CERC Grants Energy License in Madhya Pradesh

25 Jun 2024 CW Team

The Central Electricity Regulatory Commission (CERC) has granted a licence for energy operations in Madhya Pradesh, signalling a significant development in the state's power sector. The licence, issued to a yet-to-be-named entity, allows for the transmission and distribution of electricity in the region, enhancing accessibility and reliability of power supply for consumers.

The decision by CERC to grant the energy licence comes as part of efforts to promote competition and efficiency in the power sector while ensuring the provision of quality services to consumers. It reflects the commission's commitment to fostering a conducive regulatory environment for the development of the energy market in Madhya Pradesh.

The licensee will be responsible for establishing and operating transmission and distribution infrastructure, including substations, power lines, and distribution networks, to meet the growing energy demands of the state. This move is expected to enhance the availability and reliability of electricity supply, support economic growth, and improve living standards in Madhya Pradesh.

The issuance of the energy licence underscores the government's efforts to attract investment and promote private sector participation in the energy sector, in line with its broader objectives of achieving energy security and promoting sustainable development. It is anticipated to stimulate competition, drive innovation, and improve service quality in the state's power distribution segment.

Overall, the grant of the energy licence by CERC represents a significant milestone in Madhya Pradesh's journey towards achieving a robust and resilient energy infrastructure, contributing to the state's socio-economic progress and prosperity.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..