
KV Singh Deo seeks RDSS support to build resilient power infrastructure
BHUBANESWAR: The Odisha government on Tuesday made a strong pitch for central financial assistance to strengthen the state's disaster resilient power infrastructure under the revamped distribution sector scheme (RDSS).
Attending the Conference of State Energy Ministers and Energy Secretaries of Eastern Region States at Patna in Bihar, deputy chief minister-cum-Energy minister KV Singh Deo urged Union Power minister Manohar Lal Khattar to sanction Rs 6,284 crore under the RDSS to the state.
The state government's proposal is pending approval by the Ministry of Power since June 2023. In April 2023, the state cabinet had approved the Energy department's proposal to implement the revamped distribution sector scheme (RDSS) to improve reliability and resilience in the power distribution network, especially in the coastal districts covered by TPCODL, TPNODL and TPSODL.
While a major part of the proposal amounting to Rs 4,248 crore (67 per cent) of the total project proposal was towards creation of cyclone resilient power infrastructure, the state government had posed Rs 1,510 crore for upgradation of distribution infrastructure, Rs 428 crore for smart metering and Rs 97 crore for project management agency (PMA).
After initial reluctance to accept the state's proposal as the central scheme does not permit financial assistance to private distribution companies (discoms), the Power Ministry finally agreed to consider it following assurance from the state government that the assets to be created under the programme will be in its books of account and there will be no tariff impact on the consumers.
The state's proposal is hanging fire even after compliance to queries from the Power Finance Corporation (PFC) and several rounds of discussion with PFC officials. Singh Deo also reiterated the state's demand for allocation of 800 MW of power from the second unit of the super critical thermal power plant of Neyveli Lignite Corporation India Limited (NLCIL) at Talabira in Sambalpur district.
The central PSU is setting up a 2,400 MW (3x800 MW) pit-head thermal power plant for which it has already procured power purchase agreements (PPAs) with four states including Odisha. GRIDCO will get 800 MW power from the first unit of the power plant which is expected to be commissioned in 2028-29 while 1,500 MW will go to Tamil Nadu, 400 MW to Kerala and 100 MW to Puducherry.
Apart from use of its coal, water and land, the state will face all the externalities of the power plant while the major beneficiary is Tamil Nadu. The state has been demanding additional 800 MW from the second unit of the thermal project.
Hashtags

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


The Hindu
26 minutes ago
- The Hindu
Lab-grown diamond jewellery start-up Aukera raises $15 million, to expand network
Lab-grown diamond jewellery company Aukera on Monday said it has raised $15 million in growth capital led by Peak XV Partners with follow-on participation from existing investors, including Fireside Ventures, Sparrow Capital, Prath Ventures and Alteria Capital. The investment will accelerate its retail expansion plans and contribute to enhancing product offerings, Aukera said in a release. It has stores in Bengaluru, Delhi NCR and Hyderabad and expanding into new cities. The brand will scale into a Rs.1,000 crore brand in next 5-7 years', founder and CEO Lisa Mukhedkar said.


Time of India
29 minutes ago
- Time of India
Apollo Hospitals to hive-off pharmacy, digital health businesses
Apollo Hospitals Enterprise on Monday said its board has approved separate listing of its omnichannel pharmacy and digital health businesses within 18-21 months, as part of reorganisation exercise to unlock value. The board of directors of Apollo Hospitals and Apollo HealthCo, a subsidiary of the the healthcare major, have accorded in-principle approval for the composite scheme of arrangement. The scheme entails the demerger of the Omni Channel Pharma and Digital Health business -- comprising the telehealth business of Apollo and its investment in AHL (Apollo HealthCo Limited) -- into a new entity. Following the demerger, the scheme provides for the amalgamation of AHL with the new entity. It would subsequently be followed by the amalgamation of Keimed Pvt Ltd , India's leading wholesale pharmaceutical distributor, with NewCo (new entity). Live Events The scheme creates a formidable omnichannel pharmacy distribution and digital health platform leader in India, with stated plans to achieve Rs 25,000 crore revenue by FY27, Apollo Hospitals Enterprise said in a regulatory filing. Upon the effectiveness of the Scheme, the new entity will become an Indian Owned and Controlled Company (IOCC) and will apply for listing on the stock exchanges, it added. The listing is expected within 18-21 months, the healthcare major said. Upon becoming an IOCC, the entity also proposes to consolidate the front-end pharmacy business by acquiring the remaining 74.5 per cent stake in Apollo Medicals Pvt Ltd (AMPL), which owns 100 per cent of Apollo Pharmacies Limited (APL), it said. Apollo Hospitals Enterprise Ltd (AHEL) will retain 15 per cent stake in the 'NewCo' to ensure an integrated, seamless, and comprehensive healthcare offering across the patient lifecycle, it added. "The omnichannel pharmacy business and integrated digital healthcare ecosystem will be a unique model to enable access to high-quality healthcare for millions of Indians," Apollo Hospitals Group Chairman Prathap C Reddy said. Apollo Hospitals Enterprise MD Suneeta Reddy said the proposal enables the healthcare provider's shareholders to gain direct shareholding to country's largest omni-channel pharmacy and digital health platform. "The new entity, once integrated, will be a truly customer-focused healthcare leader, with capabilities across the value chain. Delivering medicines seamlessly from 7000+ physical stores, online delivery platform serving over 19,000 pincodes, with Keimed ensuring supply chain integrity, our aspiration is that we will serve over 100 million Indians," Apollo HealthCo Executive Chairperson Shobana Kamineni said. Shares of Apollo Hospitals Enterprise ended 0.87 per cent down at Rs 7,242.75 apiece on BSE. Economic Times WhatsApp channel )


Hans India
36 minutes ago
- Hans India
Govt earnings up to May stand at 21 pc of total receipts in Budget Estimate for 2025-26
New Delhi: The Central government has received Rs 7,32,963 crore up to May in the current financial year, which is 21 per cent of the total receipts of the corresponding budget estimate for 2025-26 and reflects the strong fiscal position of the country, according to figures released by the Finance Ministry on Monday. The receipts comprise Rs 3,50,862 crore tax revenue (net to Centre), Rs 3,56,877 crore of non-tax revenue, and Rs 25,224 crore of non-debt capital receipts. The Centre has transferred Rs 1,63,471 crore to state governments as devolution of share of taxes for this period, which is Rs 23,720 crore higher than the previous year, the statement said. The total expenditure incurred by the Centre is Rs 7,46,126 crore (14.7 per cent of the corresponding BE 2025-26), out of which Rs 5,24,772 crore is on revenue account and Rs 2,21,354 crore is on capital account for projects in the highways, ports and railway sectors. Out of the total revenue expenditure, Rs 1,47,788 crore is on account of interest payments and Rs 51,253 crore is on account of major subsidies, the statement explained. Given that the government is off to a speedy start in FY26, with May and April 2025 data showing that revenue receipts are already at 21 per cent of the budgeted target, it is expected to meet its revenue targets this year. With the strong emerging fiscal position in 2025-26, the government is likely to have some additional headroom to meet unforeseen expenditure such as defence, according to a Bank of Baroda report. In its outlook for FY26, the report points out that the government has budgeted a fiscal deficit of 4.4 per cent of GDP, assuming 10.1 per cent growth in nominal GDP. "We expect this growth to be around 11 per cent, as we believe real GDP will range between 6.4-6.6 per cent this year," the report states. This is expected to provide additional fiscal space to the government. The income tax cut is also expected to give a boost to consumption, which in turn will support indirect tax receipts, according to economists. On the spending front, keeping up with past trends, the government has begun front-loading of expenditure from Q1 itself, with capex at an impressive figure of over 2.2 lakh crore.