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L&T-Alstom Partnership to Upgrade Mumbai Metro Line 4
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Jio-bp to Expand Retail Network and EV Charging Infrastructure
Jio-bp, a joint venture between Reliance Industries and global energy major bp, is focused on expanding its retail infrastructure and enhancing customer experience to strengthen its presence in the downstream energy market. The company plans to establish 100,000 electric vehicle (EV) charging stations over the next 10-12 years, aligning with the Indian government's efforts to boost EV charging infrastructure and achieve net zero targets. Additionally, Jio-bp intends to open 1,000 retail outlets to sell compressed biogas (CBG) produced by Reliance's CBG plants. Jio-bp has introduced 480 kW ..
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Kolkata Metro to Install Power Backup System on Underground Stretch
Kolkata Metro Railway is set to install a Battery Energy Storage System (BESS) at the Central Station substation to enhance commuter safety during power outages. This system will ensure uninterrupted operations on the 16 km underground Tollygunge-Dumdum stretch of the Blue Line corridor (Dakshineswar-New Garia), which spans 28 km. The BESS, comprising inverters and advanced chemistry cell (ACC) batteries, will enable trains to operate at 30 km/h during power cuts or grid failures, ensuring that passenger-filled coaches can safely reach the nearest station. This initiative aims to improve both..
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Jaipur's Real Estate Market Booms in 2024 with 5% Sales Rise
Jaipur’s housing market experienced modest growth in 2024, with residential property sales increasing by 5 per cent to 10,695 units, according to data from real estate analytics firm PropEquity. Despite the moderate rise in unit sales, the total value of these transactions surged by 39 per cent to Rs 83.88 billion, compared to Rs 60.19 billion in 2023. The significant increase in sales value was primarily driven by rising input costs associated with real estate projects, including higher land prices, labour costs, and construction materials. Additionally, developers have increasingly focuse..