Gold
Oberoi Realty to Develop 2,576 Sq Metres in Bandra West, Mumbai
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
U.S. Builder Confidence Rises Amid Falling Mortgage Rates
U.S. home builder confidence increased in September, marking a break from four consecutive months of decline, as mortgage rates fell. The NAHB/Wells Fargo Housing Market Index rose to 41, up from 39 in August, surpassing economists' expectations of 40. This shift indicates the first positive outlook for future home sales since May. Despite the rise, builder confidence remains low, largely due to ongoing construction costs and inflation. The Federal Reserve's anticipated rate cuts are expected to ease mortgage interest rates and reduce costs for land development and construction loans. Notably,..
Uttar Pradesh Targets Green Hydrogen Surge
Uttar Pradesh has set an ambitious target to produce 1 million metric tonnes of Green Hydrogen and Green Ammonia annually by 2029, aiming to secure a leadership position in the renewable energy sector. The state government has already received investment proposals worth ?1.15 lakh crore from 17 entities, promising to create around 20,000 jobs across the region. Among the notable investors, UK-based Trafalgar Square Capital plans to establish a 10,000-tonne-per-year green hydrogen production facility near Lucknow. Additionally, Welspun Group will invest ?40,000 crore in Bulandshahr for a Green ..
Tata Power secures 400 MW hybrid project
Tata Power Renewable Energy (TPREL) won a Letter of Award (LoA) from Maharashtra State Electricity Distribution Company (MSEDCL) to develop a 400 MW wind-solar hybrid project. This includes a 200 MW base capacity and a greenshoe option for an additional 200 MW, making it Maharashtra’s largest renewable project by TPREL. The project, awarded through a competitive reverse auction, is expected to reduce 895 million kilograms of CO2 annually. The energy will be supplied to MSEDCL, helping meet renewable purchase obligations and future power demands. TPREL's total renewable capacity now stands at..
