Indian Railways set for record freight performance

Bengaluru, MMR, NCR, and Hyderabad See Capital Values Surpass Rentals

Between 2021-end and 2024-end, average capital values in Bengaluru, Mumbai Metropolitan Region (MMR), National Capital Region (NCR), and Hyderabad rose at a faster pace than rental values, according to an analysis by real estate consultancy Anarock. Meanwhile, Pune, Kolkata, and Chennai saw the opposite trend, with rental values appreciating more than capital values.Noida’s Sector 150 recorded a 128% surge in housing prices, with capital values rising from Rs 5,700 to Rs 13,000 per sq ft, while rental values increased by 66%, reaching Rs 26,600 per month. Similarly, Sohna Road in Gurugram sa..

CERC Rejects ReNew Surya Vihaan’s Plea for Bank Guarantee Refund

The Central Electricity Regulatory Commission (CERC) has dismissed a petition by ReNew Surya Vihaan (RSVPL) seeking a refund of its Rs 50 million Construction Bank Guarantee (CBG) for a 100 MW solar project in Rajasthan. The Commission ruled that RSVPL had voluntarily transitioned from the Connectivity Regulations, 2009, to the General Network Access (GNA) Regulations, 2022, and was therefore bound by the new framework.RSVPL argued that its financial obligations under the new regulations were disproportionately higher than those of fresh applicants, who are required to submit significantly low..

Government Increases BESS Target to 14,000 MWh Amid Falling Prices

The Ministry of Power (MoP) has raised the Battery Energy Storage System (BESS) capacity target under the Viability Gap Funding (VGF) program from 4,000 MWh to 13,200 MWh, citing a decline in storage costs. All states and implementing agencies have been directed to award BESS contracts by June 2025, ensuring program completion by May 2027. The expanded target includes allocations under three components: Market Component: NTPC Vidyut Vyapar Nigam (NVVN) has been allocated 1,000 MWh under the first tranche, with a VGF of Rs 4.6 million/MWh. SECI will manage an additional 1,200 MWh under Ma..