Scania India announces Silvio Munhoz as its new MD
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
Renewable energy sector faces hurdles as PPA and PSA delays persist
India’s renewable energy sector is experiencing delays in finalising Power Purchase Agreements (PPA) and Power Sale Agreements (PSA), hampering progress for developers amid rising demand for clean energy. The Ministry of New & Renewable Energy introduced an agency-wise bidding calendar in April 2023, targeting 50 GW of renewable energy projects annually through FY 2027-28. This initiative, involving agencies like the Solar Energy Corporation of India (SECI), NTPC, NHPC, and SJVN, aimed to accelerate India's clean energy transition. This push led to a significant surge in solar tenders and au..
Nisus and BCD raise Rs 4.5 billion for first real estate fund
Real estate credit fund Nisus Finance, in partnership with its sponsor and strategic partner BCD Group, has raised Rs 4.5 billion for its debut fund. The firm aims to complete the final fundraising for its Real Estate Special Opportunities Fund-1 (RESO-1) by the end of the current financial year. "We are in the process of raising an additional Rs 1.5 billion and have received a strong response from both existing and new investors. There is a growing need for last-mile construction finance, with many projects still stuck in the completion phase," said Amit Goenka, Managing Director and CEO, Nis..
BJD urges CM Majhi to raise coal royalty issue with PM Modi
The opposition Biju Janata Dal (BJD) has urged Chief Minister Mohan Charan Majhi to address the issue of coal royalty revision with Prime Minister Narendra Modi during his visit to Odisha on Tuesday. BJD MP Sasmit Patra stated at a press conference that the central government has not revised the coal royalty for the past 12 years, resulting in an annual loss of Rs 100 billion for the state. "Instead of succumbing to the pressure of the BJP, the chief minister should muster courage and take up the state's important issues with the PM, including the revision of coal royalty," Patra emphasised. ..