Gold
Sunac China Faces $2 Billion Loss Amid Property Market Slump
Vedanta plans $2 billion investment in Saudi Arabia copper projects
Vedanta announced its plan to invest $2 billion in major copper projects in Saudi Arabia. Vedanta Copper International, a wholly-owned subsidiary of the company, has signed an agreement with Saudi Arabia's Ministry of Investment and Ministry of Industries & Mineral Resources. The agreement outlines the establishment of a greenfield copper smelter and refinery with a capacity of 400 kilo tonnes per annum (KTPA) and a 300 KTPA copper rod project. According to the company, this collaboration aligns with Saudi Arabia's Vision 2030 and aims to invest $2 billion in significant copper projects withi..
Bengaluru approves Rs 6.94-billion plan to repair 390 km of roads
The Urban Development Department (UDD) has approved BBMP’s action plan for repairing 389.7 km of arterial and sub-arterial roads, with an estimated cost of Rs 6.94 billion. The project is scheduled to commence in January 2025 and will involve several components: milling damaged roads, de-silting and re-roofing drains to ensure efficient rainwater flow, installing NP-3 pipes in areas lacking roadside drains, constructing pavements with concrete bases, grating to channel water from roads to drains, and installing and levelling curb stones to delineate road lines and footpaths. To manage fundi..
Rs17.50 bn Tato-I Hydro Project Approved to Boost Arunachal's Power
The Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, approved a Rs 17.50 billion investment for the Tato-I Hydro Electric Project (HEP) in Arunachal Pradesh's Shi Yomi district. As per an official release, the project is expected to be completed within 50 months. It will have an installed capacity of 186 MW (3 x 62 MW) and is anticipated to produce 802 Million Units (MU) of energy annually. The generated power is aimed at enhancing the electricity supply in Arunachal Pradesh and contributing to the stabilization of the national grid. The project will be executed th..
