logo
PM Modi to dedicate Rs 4,800 cr worth projects in Tamil Nadu's Tuticorin

PM Modi to dedicate Rs 4,800 cr worth projects in Tamil Nadu's Tuticorin

Time of India2 days ago
Tuticorin (Tamil Nadu): Prime Minister Narendra Modi will inaugurate numerous projects besides dedicate to the nation, various developmental initiatives, all totally worth over Rs 4,800 crore, here on Saturday.
The PM would inaugurate the new terminal building at the airport, developed at a cost of around Rs 450 crore, and would undertake a walk through the new terminal building, according to an official release.
He will dedicate to the nation two strategically significant highway projects - 4-laning of 50 km Sethiyathope-Cholapuram stretch of NH-36, developed for over Rs 2,350 crore under the Vikravandi-Thanjavur corridor, and 6-laning of the 5.16 km NH-138 Tuticorin Port Road, built at around Rs 200 crore.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Is It Possible to Get a Flatter Tummy After 50—And How?
Lulutox
Undo
He would inaugurate North Cargo Berth-III with a cargo handling capacity of 6.96 MMTPA at V O Chidambaranar Port established at a cost of Rs 285 crore, and dedicate three key railway infrastructure projects in southern Tamil Nadu to boost sustainable and efficient connectivity. The projects are--electrification of 90 km Madurai-Bodinayakkanur line, doubling of 21 km Nagercoil Town-Kanniyakumari section, and doubling of Aralvaymozhi-Nagercoil Junction (12.87 km) and Tirunelveli-Melappalayam (3.6 km) sections.
In addition, Modi will lay the foundation stone for the Inter-State Transmission System (ISTS) for the evacuation of electricity from Kudankulam Nuclear Power Plant Units 3 and 4 (2x1000 MW). This project, developed at a cost of around Rs 550 crore, will include a 400 kV (quad) double-circuit transmission line from Kudankulam (Tirunelveli dt) to the Tuticorin-II GIS substation and associated terminal equipment.
Live Events
It will play a pivotal role in strengthening the national grid, ensuring reliable clean energy distribution, and meeting the rising power demands of Tamil Nadu and other beneficiary states, it said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Airtel's Nxtra raises renewable energy sourcing deal with Ampin to 200 MW
Airtel's Nxtra raises renewable energy sourcing deal with Ampin to 200 MW

Business Standard

timea minute ago

  • Business Standard

Airtel's Nxtra raises renewable energy sourcing deal with Ampin to 200 MW

Nxtra by Airtel on Monday said it will source additional 125.65 megawatt renewable energy from Ampin Energy under a fresh agreement signed between the two companies. With this, the total renewable energy partnership between the two companies has crossed over 200 MW (megawatt). "Nxtra by Airtel and AMPIN Energy Transition have strengthened their partnership with a new, power-wheeling agreement involving 125.65 MW of solar-wind hybrid energy through Inter-State Transmission System (ISTS) connected plants," Nxtra said in a statement. Earlier, the company had signed two deals for sourcing around 75 MW renewable energy from Ampin. The additional capacity will be delivered to Nxtra in two phases, each through captive solar-wind power projects in Rajasthan and Karnataka, respectively, the statement said. "This achievement highlights our leadership in using ISTS-backed clean energy to power our facilities sustainably, boosting reliability and ensuring tangible climate impact," Nxtra by Airtel, CEO, Ashish Arora said. Ampin has been supplying solar power to Nxtra through intra-state, open access in Uttar Pradesh, Maharashtra and Odisha. With this new agreement, AMPIN will add 11 new states as well as new technologies such as large-scale ISTS renewable energy supply and the seamless supply of renewable energy from a single Independent Power Producer (IPP). "With this partnership, we demonstrate that through a seamless blend of inter-state and intra-state renewable energy solutions backed by a pan-India presence, we can take any customer through a nearly 100 per cent energy transition. "Nxtra by Airtel, a leader in the data and fast-growing data centrespace shares our vision for sustainability and we are proud to make data centres green by this association," Pinaki Bhattacharyya, Founder, MD and CEO, AMPIN Energy Transition, said. Nxtra joined the global RE100 initiative in June 2024, pledging to source 100 per cent of its electricity from renewable sources.

NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs
NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs

Business Standard

timea minute ago

  • Business Standard

NHC Foods Signs Mou With Lotmor Brands, Eyes Diversification, Retail Growth, Appoints New KMPs

PNN Mumbai (Maharashtra) [India], July 28: NHC Foods Limited (BSE: 517544), a leading exporter of agricultural commodities and spices, has entered into a strategic Memorandum of Understanding (MoU) with Lotmor Brands, marking a significant move in the company's growth and diversification strategy. This grants NHC Foods the rights to manufacture a range of beverages and similar products under Lotmor's 'Nature Day' brand. The strategic move aligns with NHC Foods' strategy to diversify its portfolio beyond exports and agricultural commodities. The company plans to leverage this tie-up to expand its footprint in India's organised retail sector, with a focused entry into leading chains. NHC aims to capture the growing demand for quality packaged beverages and allied FMCG products driven by evolving consumer lifestyles and preferences. Commenting on the MoU, Satyam Joshi, the newly appointed Managing Director of NHC Foods Limited, said, "This MoU with Lotmor marks a defining moment for NHC Foods as we step into India's thriving retail sector. Our strengths in manufacturing, quality assurance, and distribution, combined with Lotmor's product innovation, will enable us to deliver exceptional value to the consumers. This is the beginning of a long-term transformation for us. Highlights: * NHC Foods Limited has entered a strategic MoU with Lotmor Brands Private Limited to manufacture beverages and similar products under Lotmor's 'Nature Day' brand, marking its diversification beyond exports and agri-commodities. * Financial performance for FY 2024-25 shows strong growth, with revenue rising 63.1% to Rs. 341.41 crore and net profit increased 184.7% to Rs. 6.69 crore, reflecting operational efficiency and business momentum. * An EGM held on July 18, approved increasing authorised share capital from Rs. 65 crores to Rs. 100 crore and issuing 6.5 crore convertible warrants on a preferential basis to Mr. Joshi." Mr. Joshi's elevation from Executive Director to Managing Director follows the company's strategic shift under new leadership. An Extraordinary General Meeting (EGM) recently approved several resolutions, including an increase in authorised share capital from Rs. 65 crore to Rs. 100 crore, and the issuance of 6.5 crore convertible warrants on a preferential basis to Mr. Joshi. Separately, the Board of Directors of NHC Foods has approved the appointment of Manoj Kumar Sharma as the Company's Chief Financial Officer. At the same time, Vijay Thakkar has been appointed as the Company Secretary and Compliance Officer. Both appointments took effect on July 16. Financially, NHC Foods continues to demonstrate robust performance. The company's revenue for the financial year 2024-25 was Rs. 341.41 crore, representing a 63.1% increase over the previous year's revenue of Rs. 209.24 crore. The company's net profit jumped by 184.7% from Rs. 2.35 crore to Rs. 6.69 crore, reflecting enhanced growth and operational efficiencies. Disclaimer: This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.

SGB 2017 investors set for 250% returns: Here's all you need to know
SGB 2017 investors set for 250% returns: Here's all you need to know

Business Standard

timea minute ago

  • Business Standard

SGB 2017 investors set for 250% returns: Here's all you need to know

Investors in the Sovereign Gold Bond (SGB) 2017-18 Series II, issued in July 2017, are set to receive the maturity proceeds on July 28, 2025. According to the Reserve Bank of India (RBI), the final redemption price has been fixed at Rs 9,924 per gram, delivering more than 250 per cent returns for those who stayed invested for the full eight-year tenure. How the final payout was calculated According to the RBI's release dated July 25, 2025, the redemption price has been derived based on the simple average of closing gold prices of 999 purity, published by the India Bullion and Jewellers Association (IBJA), over three working days in the preceding week (July 21–25). This calculation method is consistent with SGB scheme norms and ensures alignment with prevailing market prices. From Rs 2,830 to Rs 9,924: A solid gold gain The issue price of the SGB 2017-18 Series II was Rs 2,830 per gram (excluding the Rs 50 online discount). With the final redemption value now at Rs 9,924 per gram, investors have gained Rs 7,094 per gram over eight years, translating to an absolute return of 250.67 per cent, excluding interest income. In addition to the price appreciation, investors also earned 2.5 per cent annual simple interest, paid semi-annually, making the total effective yield even higher. Redemption process: What investors should know SGBs have a fixed maturity of eight years, with an early exit option after five years. One month prior to maturity, investors receive an intimation from their bank or broker. The proceeds are automatically credited to the registered bank account on the redemption date. It is important to update any change in bank details or email ID with the relevant intermediary before the maturity date to ensure a smooth payout. What are Sovereign Gold Bonds? SGBs are government securities issued by the RBI on behalf of the Government of India. Denominated in grams of gold, they offer a way to invest in gold without the costs and risks of holding it physically. They are particularly attractive due to: -Capital gains tax exemption if held till maturity -Backing by the sovereign guarantee

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store