
Rs 540 cr project in Mandya to quench thirst of 4 taluks
Tired of too many ads? go ad free now
The ambitious project will source water from Cauvery River at the Sattegala Barrage near Belakavadi in Malavalli taluk, Mandya district. Prior to the groundbreaking ceremony, the DCM offered prayers at Hirena1garadamma Temple. Speaking at the event, held near the Sattegala dam, Shivakumar underscored the significance of the project, which is designed to channel water through a gravity-fed system to the Iggaluru barrage.
The initiative, spearheaded by the Cauvery Neeravari Nigam, will benefit the taluks of Ramanagara, Kanakapura, Magadi, and Channapatna.
A key highlight of the project is the construction of an 11-km tunnel near Sattegala, which will serve as a vital conduit for transporting water to the target areas. Shivakumar inspected the ongoing tunnelling work and stressed its importance in ensuring a consistent and reliable water supply.
Shivakumar noted that the project was originally conceptualised during his earlier tenure as minister for water resources, but faced delays due to land acquisition challenges. These issues, primarily involving local farmers, are now resolved with appropriate compensation measures. With the hurdles cleared, Shivakumar announced that the project is on track for completion by Dec this year.
During the event, local residents and priest of the Chikka Marigudi Temple submitted requests for temple and road infrastructure improvements.
Tired of too many ads? go ad free now
Responding positively, Shivakumar instructed officials to integrate these development works into the broader scope of the project.
The ceremony was attended by former MP DK Suresh, MLAs CP Yogeshwar and Kadaluru Uday, and senior district officials from Mandya.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Deccan Herald
12 minutes ago
- Deccan Herald
Cipla Q1 PAT rises 10% to Rs 1,298 cr; income at Rs 6,957 cr
The company had posted a profit after tax (PAT) of Rs 1,178 crore for the April-June quarter of the previous fiscal.


Deccan Herald
12 minutes ago
- Deccan Herald
Realtor Elan Group repays Rs 875 cr debt to Asia Pragati
New Delhi, Realty firm Elan Group has repaid Rs 875 crore debt to Asia Pragati Strategic Investment Fund, which is part of PAG, on better internal cash flow because of strong housing a statement on Friday, the Gurugram-based company said it has made repayment of Rs 875 crore debt availed from Asia Pragati Strategic Investment Fund before Pragati had infused this amount in 2022.."The early repayment of the entire Rs 875 crore fund to Asia Pragati marks a pivotal milestone in Elan Group's growth journey,' said Sandeep Agarwal, Executive Director– Finance & Group CFO, Elan company said this would help in reducing its interest Group has a portfolio of 15 projects spread across Gurugram and New Delhi, with a built-up area of about 25 million square feet. The company has developed few commercial projects in Gurugram and has now ventured into residential segment with an ultra-luxury project on Dwarka Expressway.


India.com
12 minutes ago
- India.com
This NBFC stock in focus as promoter group buys 74.7 lakh shares
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल The shares of Paisalo Digital are in focus on Friday, July 25, 2025 as the company has informed exchanges that Equilibrated Venture CFlow Pvt Ltd, a unit associated with the promoter group of the company, has bought shares in large quantities. In the filing sent to BSE and NSE, the company said that the promoter group has bought a total of 74.70 lakh equity shares from the open market on 24 and 25 July 2025. After this, the promoter's stake in the company has increased to 16.50 per cent, which was earlier 15.67 per cent. Equilibrated Venture CFlow Pvt Ltd is related to the promoter group of the company. The company has made this investment directly from the open market. Buying shares from the open market is an indication that the promoter has confidence in the company's business model and future growth. Before the deal, the promoter held 14.13 crore shares, which was equivalent to 15.67 per cent stake. After the deal, the promoter's stake increased to 14.88 crore shares. According to the information given by the company, there has been no change in the total equity share capital of the company before and after the deal. The total share capital of Paisalo Digital is Rs 90.21 crore, i.e. 90.21 crore equity shares. Paisalo Digital Ltd is a non-banking financial company (NBFC) that focuses specifically on microfinance, small loans, and loans in rural India. The company has its roots in villages and small towns, where it provides loans to farmers, small traders, and self-employed people. Meanwhile, equity benchmark indices Sensex and Nifty tumbled in early trade on Friday dragged down by Bajaj Finance and persistent foreign fund outflows. A weak trend in Asian markets also dented investors' sentiment. The 30-share BSE Sensex dropped 407.45 points to 81,776.72 in early trade. The 50-share NSE Nifty declined 144.3 points to 24,917.80.