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On February 6, a requisite majority of KSK Mahanadi lenders passed a resolution to appeal to the National Company Law Tribunal (NCLT) to vacate a stay on the resolution process of the thermal power company and allow a standalone resolution of the company, the sources said.
CM Reddy, of late has signed multicrore deals with conglomerates, such as the Adani Group, JSW, Tata Technologies, BL Agro, and others. The World Economic Forum has also agreed to set up its Centre for Fourth Industrial Revolution (C4IR) in Hyderbad.
Former Chief Minister Omar Abdullah expressed concern over the allocation of electric power from the upcoming 850-MW Ratle hydroelectric project in Jammu and Kashmir to Rajasthan, emphasizing a power crisis in the region. Abdullah, joined by other political leaders, criticized the decision, vowing to prevent power diversion even through legal means. The Ratle project, plagued with controversies since its inception, recently faced work stoppages by the implementing company, Megha Engineering and Infrastructures Ltd. Subsequently, Ratle Hydro Electric Power Corporation Limited signed a 40-year P...
Kaleshwaram's re-engineering by ex CM KCR, aimed at increasing command area by 50% also increased the project cost by 400% said CAG report
Addressing Tamil Nadu Global Investors Meet-2024, Ambani expressed his confidence in the state government's support for Reliance's upcoming ventures. He highlighted that Reliance has already made significant investments in Tamil Nadu, including the establishment of nearly 1,300 retail stores with an investment of over Rs 25,000 crore.