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ADB unveils new strategy, prioritising urban schemes in India
Kolkata Metro’s Orange Line Phase II deadline moved to March 2025
The completion date for the Orange Line's Phase II extension, stretching from Ruby to Sector V, has been shifted to March 2025. Rail Vikas Nigam Ltd. (RVNL), the agency overseeing the project, initially aimed for a December 2024 deadline but cited a delay in bridging an 800-meter viaduct gap at Chingrighata as the reason for the revised schedule. Work to bridge an additional 125-meter gap at Metropolitan is ongoing. Despite land challenges at locations such as Tagore Park, Chingrighata, and Nicco Park, the corridor received safety approval from the Commission of Railway Safety (CRS) for opera..
Solar efficiency, cost cuts vital for energy transition: Pralhad Joshi
Union Minister for New and Renewable Energy, Pralhad Joshi, emphasised the global focus on advancing solar technology to achieve significant cost reductions and efficiency gains during a conference on clean energy transition. As President of the International Solar Alliance (ISA), he remarked, “The world is united in the energy transition, harnessing global efforts.” Joshi highlighted the need for more efficient solar technology, stating, “Traditional solar panels typically convert only 15-20% of sunlight to electricity, but innovations like bifacial panels and solar paint are increasin..
ACME Solar IPO price band set at Rs 275-289 per share
ACME Solar, a key player in renewable energy, will open its initial public offering (IPO) on Wednesday with a price band set between Rs 275 and Rs 289 per equity share, each valued at Rs 2. The IPO will close on Friday, November 8, 2024. Investors can place bids starting at 51 shares, with increments in multiples of 51 shares. The offering includes a fresh issue worth up to Rs 23.95 billion and an offer for sale of up to Rs 5.05 billion by ACME Cleantech Solutions. Proceeds from the fresh issue will allocate Rs 17.95 billion to subsidiaries for repayment or partial prepayment of outstanding d..
