3 senior officials move from industries to energy to ground RR MoUs
Jaipur: Three senior officials from the industries department have been transferred to the energy sector, creating a buzz among the business community. This move is seen as a govt strategy to implement the Rising Rajasthan MoUs in the power sector.
Tired of too many ads? go ad free now
Out of the Rs 35 lakh crore worth of MoUs signed during the Rising Rajasthan summit, the energy department alone accounts for Rs 28 lakh crore. The success of Rising Rajasthan depends on how much of these Rs 28 lakh crore worth of MoUs are converted into on-ground investments.
A significant portion of the Rs 28 lakh crore proposed projects comes from the renewable energy sector. The availability of land and power evacuation infrastructure is crucial to implementing these MoUs.
During his time in the industries department, principal secretary Ajitabh Sharma led the planning and execution of the Rising Rajasthan summit. As RIICO Chairman, he also introduced several policy changes for the allotment of land to MoU holders.
Having been involved from the beginning of the summit, Sharma has the advantage of experience. However, the energy sector presents a unique set of challenges that have resisted most planning efforts over the past decade.
Rescuing the power sector, now burdened with debts exceeding Rs 1.5 lakh crore, requires more than bureaucratic efforts. Political will is essential, but bureaucrats must initiate the process.
Alongside Sharma, Industries Commissioner Rohit Gupta has been appointed to lead the Rajasthan Renewable Energy Corporation. Unlike in the past, he holds both the chairman and managing director positions, which is expected to expedite decision-making and project approvals.
Tired of too many ads? go ad free now
Sharma and Gupta, along with Saurabh Swami, who was the Deputy Commissioner of the Bureau of Investment Promotion (BIP) and is now a joint secretary in the energy department, worked closely to organise the Rising Rajasthan summit.
Whether they can maintain the same level of cohesion to convert the maximum possible MoUs into projects in the power sector remains to be seen. Ultimately, the success of the Rising Rajasthan summit hinges on the power sector MoUs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
23 minutes ago
- Business Standard
Alembic Pharmaceuticals Ltd leads gainers in 'A' group
Jindal Worldwide Ltd, RattanIndia Power Ltd, AAVAS Financiers Ltd and Force Motors Ltd are among the other gainers in the BSE's 'A' group today, 30 June 2025. Jindal Worldwide Ltd, RattanIndia Power Ltd, AAVAS Financiers Ltd and Force Motors Ltd are among the other gainers in the BSE's 'A' group today, 30 June 2025. Alembic Pharmaceuticals Ltd surged 13.49% to Rs 1103 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 4.68 lakh shares were traded on the counter so far as against the average daily volumes of 5051 shares in the past one month. Jindal Worldwide Ltd soared 10.36% to Rs 61.58. The stock was the second biggest gainer in 'A' group. On the BSE, 4.29 lakh shares were traded on the counter so far as against the average daily volumes of 31183 shares in the past one month. RattanIndia Power Ltd spiked 6.94% to Rs 15.4. The stock was the third biggest gainer in 'A' group. On the BSE, 374.19 lakh shares were traded on the counter so far as against the average daily volumes of 193.98 lakh shares in the past one month. AAVAS Financiers Ltd spurt 6.20% to Rs 2115.45. The stock was the fourth biggest gainer in 'A' group. On the BSE, 33883 shares were traded on the counter so far as against the average daily volumes of 7113 shares in the past one month. Force Motors Ltd advanced 6.06% to Rs 15377.15. The stock was the fifth biggest gainer in 'A' group. On the BSE, 8028 shares were traded on the counter so far as against the average daily volumes of 12061 shares in the past one month.
Business Standard
31 minutes ago
- Business Standard
Insolation Energy rises as subsidiary secures 109.79 MW solar project
Insolation Energy rose 1.55% to Rs 274.50 after its wholly owned subsidiary, Insolation Green Energy, received a Letter of Intent (LOI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL). The LOI is part of the PM-KUSUM Component A scheme, which promotes solar energy for agricultural use. The contract involves end-to-end responsibilities, right from design and survey to supply, installation, testing, and commissioning of grid-connected solar power plants across 58 locations. It also includes a 25-year commitment for operations and maintenance from the date of commissioning. These projects will be implemented in RESCO mode, where the developer retains ownership and sells power to the utility. The total capacity of the combined solar projects stands at 109.79 MW. To connect the solar plants to the grid, the company will also build associated 11 KV lines linking to various 33/11 KV substations, along with a remote monitoring system for performance tracking. The contract is expected to be fully executed by the end of Q1 of FY 2026-27 and represents a total investment of around Rs 380 crore. The levelized tariff for the electricity generated has been finalized at Rs 2.55 per unit for 51 sites, Rs 3.037 per unit for 6 sites, and Rs 3.04 per unit for one site. Collectively, these plants are projected to generate 17.56 crore units annually, translating to an estimated annual revenue of approximately Rs 45.82 crore. Jaipur-based Insolation Energy is a leading solar panel manufacturer in India. The company's consolidated net profit surged 60.53% to Rs 64.92 crore while net sales jumped 57.32% to Rs 721.73 crore in H2FY25 over H2FY24.
New Indian Express
31 minutes ago
- New Indian Express
‘Invent in Telangana' to power 1 trillion dollar economy by 2035, says Minister Sridhar Babu
HYDERABAD: IT and Industries Minister D Sridhar Babu on Sunday shared that Telangana's Index of Industrial Production (IIP) recorded a Compound Monthly Growth Rate (CMGR) of 2.9% in the first quarter of the current financial year, well above the national average of 0.52%. At the valedictory function of IITEX 2025, organised by FTCCI at HITEX, the minister said the state's Gross State Value Added (GSVA) from industry touched Rs 2.77 lakh crore in 2024–25, with notable growth in power consumption (15.6%), GST collections (9.8%) and payroll enrollments (13.9%). Highlighting the state's shift from 'Make in India' to 'Invent in Telangana', he said over Rs 3 lakh crore in investments had been attracted in the past 18 months, including Rs 40,000 crore in the life sciences sector. This has led to 150 new projects, creating over 51,000 direct and 1.5 lakh indirect jobs, he added. Sridhar Babu outlined a zonal development strategy: technology and services inside the ORR, manufacturing between ORR and RRR and agri-rural innovation beyond the RRR. The long-term goal, he said, is to grow Telangana's economy to USD 1 trillion by 2035 and USD 3 trillion by 2047. Sridhar also emphasised the government's focused efforts to strengthen MSMEs. 'In the past 18 months alone, over 15,000 new MSMEs have been established in Telangana. Our goal is to increase MSMEs' contribution to state's GSDP to 10%,' he said. A dedicated MSME policy is under implementation, with new parks being set up in every district, especially to support women, SC and ST entrepreneurs, the minister said. FTCCI president Suresh Kumar Singhal and other senior office-bearers were also present.
