NEW DELHI: Reliance Power has signed a commercial term sheet with Bhutan’s Green Digital Pvt Ltd for a long-term power purchase agreement, marking a major milestone in cross-border clean energy collaboration. Green Digital is a subsidiary of Druk Holding and Investments Ltd (DHI), the investment arm of the Royal Government of Bhutan.The agreement paves the…
In a strategic move to expand its luxury footprint in Eastern India, ITC Hotels on Tuesday announced that it has signed a management agreement for a new property under its premium brand Mementos by ITC Hotels in Siliguri, West Bengal.The upcoming property, being developed by the LR Berlia Group, will be situated near Bagdogra Airport…
Among the important takeaways from Narendra Modi’s fourth visit to Sri Lanka as prime minister was a tripartite agreement – also involving the UAE – to develop the coastal district of Trincomalee in the country’s northeastern part as an energy hub. Announcing the project in the traditionally Tamil-majority area, which will include a multi-product pipeline,…
NEW DELHI: The defence ministry on Wednesday inked the around Rs 6,900 crore contract for production of 307 advanced towed artillery gun systems (ATAGS) and 327 high mobility 6×6 gun-towing vehicles with private sector companies Bharat Forge and Tata Advanced Systems, in the first-ever deal for such indigenous heavy-duty howitzers.With the signing of the deal…
NEW DELHI : Datta Power Infra has signed a power purchase agreement with state-run SJVN Ltd for its 70-MW wind power project, boosting the latter’s WIND-1 initiative with the aim of attaining 600 MW wind power capacity.“At Datta Power Infra, we are focused on expanding our renewable energy footprint, and this project aligns with our…
AMARAVATI: Indichip Semiconductors Ltd along with its joint venture partner Yitoa Micro Technology (YMTL) from Japan, on Saturday inked an agreement with the Andhra Pradesh government to establish India’s first private semiconductor manufacturing facility with an investment of Rs 14,000 crore. This cutting-edge facility will focus on manufacturing Silicon Carbide (SiC) chips, contributing to India’s…