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Time of India
5 days ago
- Business
- Time of India
Vanya Steels to set up 10 MW waste-to-energy plant at Rs 100 cr investment in Karnataka
Vanya Steels is in the process of investing Rs 100 crore to set up a 10 MW waste-to-energy power plant for captive usage, a company official said. The power plant is being set up at the company's facility in Koppal, Karnataka . The project is expected to be commissioned by July 31, 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Car Novels Undo "Using advanced Waste Heat Recovery Boiler (WHRB) technology, the project will convert industrial waste heat into clean electricity, marking a significant milestone in sustainable manufacturing for the region," said Krishan Kumar Jallan, Founder & Chairman of A-One Steel Group. The 10 MW power project is being executed through the company's subsidiary Vanya Steels with an investment of around Rs 100 crore at its Koppal facility, he said. Live Events The WHRB-based captive power plant will repurpose residual heat from the steelmaking process, energy that is traditionally lost to the environment and convert it into a reliable source of green power. This will reduce dependence on grid electricity, lower operational costs, and cut carbon emissions, advancing both environmental goals and energy security, Jallan said. "By harnessing waste heat to generate clean power, we are demonstrating that responsible manufacturing isn't just good for the environment, it's a strategic advantage that strengthens our competitiveness, supports local communities, and aligns with India's vision of Aatma Nirbhar Bharat," he said. Manufacturer of high-grade sponge iron, Vanya Steels is part of A-One Steel Group, which is one of South India's largest integrated steel producers.
Time of India
02-07-2025
- Politics
- Time of India
No hesitation in wiping out terrorists, wherever they are: Rajnath Sigh
Defence Minister Rajnath Singh on Wednesday asserted that the Narendra Modi government will not hesitate to eliminate terrorists, wherever they are, and that no distinction will be made between masterminds and the regimes which sponsor them. The former BJP president's stern message to Pakistan , without mentioning the neighbouring country by name, came in his address to the party's state executive meeting in Bihar, where assembly elections are due this year. Singh said that under Modi, the country's policy on security has turned a new leaf with steps like surgical strikes and Balakot airstrikes . Referring to the military operation that followed the Pahalgam terror attack, he said, "Operation Sindoor marked the first time when we struck at terror hideouts 100 km beyond our borders. Of course, we hit only those who had hit us, a reason why no civilians nor any military installations were targeted". "Under Modi, our policy has been not to hesitate in eliminating terrorists wherever they are. And we shall do so without making a distinction between masterminds of terror attacks and regimes which sponsor them," said the defence minister. Live Events He added that the country's defence exports have seen a sharp rise, thanks to Modi's thrust on "swadeshikaran" (production at home) and " Aatma Nirbhar Bharat ". "The Modi government works with a long-term road-map, in marked contrast with Congress-led governments of the past, which lacked direction and were driven by vote bank concerns," said the Union minister. Singh also made an oblique reference to the controversy over RSS second in command Dattatreya Hosabale's remark that the words "secular" and "socialist" be dropped from the preamble of the Constitution, as those were inserted during the infamous Emergency. "I would like to ask fake secularists, after the word secular was added to the country's Constitution, why was it not added to the separate Constitution of Jammu and Kashmir? Should the state, where minority Hindus were being oppressed, not have been secular? Jammu and Kashmir became secular only after Article 370 was abrogated," he said. The BJP leader claimed that the party is the only political organisation in the entire world to have raised a voice against atrocities against minorities in neighbouring countries and taken a concrete step, in the form of CAA , upon coming to power. He said, "India has always believed in treating all faiths with respect. Parsis were accepted with open arms. We have one of the world's oldest churches in Kerala. Ours is the only land where all 72 sects of Islam are recognised." In contrast, even Ahmadiya Muslims are facing persecution in Pakistan, and one should not speak about minorities, Singh said. "The situation is horrifying in Bangladesh as well. The treatment meted out to Hindus there is a blot on humanity," said the defence minister.
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Business Standard
27-05-2025
- Business
- Business Standard
Defence shares extend rally; GRSE, BEML, BDL gain up to 5% in weak market
Price movement of defence stocks today Shares of defence and its related companies were in demand, and rallied up to 5 per cent on the National Stock Exchange (NSE) in Tuesday's intra-day trade in an otherwise weak market. Garden Reach Shipbuilders & Engineers (GRSE), BEML, Bharat Dynamics (BDL), Mazagon Dock Shipbuilders (MDL), Cochin Shipyard, Hindustan Aeronautics (HAL), Apollo Micro Systems, Paras Defence and Space Technologies, Ideaforge Technology and Bharat Electronics were up in the range of 1 per cent to 5 per cent. The Nifty India Defence index hit a fresh 52-week high of 8,674.05 on the NSE in intra-day trade today. At 09:34 AM; Defence index, the top gainer among sectoral indices, was up 1.4 per cent, as compared to 0.70 per cent decline in the Nifty 50. Stock price of BDL, Data Patterns, Paras Defence zoom over 100% from 3-month lows Share prices of BDL, Data Patterns, GRSE and Paras Defence have seen their market price more-than-double and zoom up to 131 per cent from their respective three-month lows. Zen Technologies, Solar Industries, Mishra Dhatu Nigam, Astra Microwave, BEML, MDL, Ideaforge Technologies, HAL, BEL and Cochin Shipyard rallied between 65 per cent to 95 per cent. What's driving rally in defence stocks According to media reports, after Operation Sindoor, India's defence budget may receive an additional allocation of ₹50,000 crore under a supplementary budget. The boost will take overall defence allocation past ₹7 trillion for the financial year 2025–26. In the Union Budget presented on February 1, Finance Minister Nirmala Sitharaman had already earmarked a record ₹6.81 trillion for the armed forces. This marked a significant 9.2 per cent increase from the ₹6.22 trillion allocated in 2024–25. Meanwhile, the country is witnessing rapid import substitution, increased domestic production, and growing exports, leading to an inflow of higher indigenous orders to defence public sector undertakings (PSUs). Defence industry is advancing steadily towards self-reliance driven by government policies, the Defence Research and Development Organisation (DRDO) innovations and global collaborations. The country is witnessing a rapid import substitution, increased domestic production and growing exports. This push towards indigenization is expected to boost the earnings of both public and private defense companies as many defense public sector undertakings (PSUs) are witnessing good order inflows with higher indigenous percentages. With India achieving all its avowed strategic objectives, Operation Sindoor was an unqualified and unequivocal success; a success in which India's growing technological self-reliance played a pivotal role. Sector Outlook AatmaNirbhar Bharat initiative to boost defence manufacturing in India. The government emphasises on creating an environment to boost the AatmaNirbhar Bharat program in the defence sector and create a level-playing field for private players, including MSMEs, according to Mirae Asset Sharekhan. Further, the hike in foreign direct investment (FDI) to 74 per cent through the automatic route would boost investments. This is likely to boost investments in the space, as foreign players in the defence sector would look at setting up joint ventures to establish defence manufacturing bases in India, considering the ample opportunity with the opening up of the defence sector. The government has also established defence corridors in Tamil Nadu and Uttar Pradesh, which have helped reduce the import dependency, the brokerage firm said.
Time of India
25-05-2025
- Automotive
- Time of India
Telangana CM Revanth Reddy Requests 800 More Electric Buses After 2,000 Sanctioned Under PM e-DRIVE, ET Infra
Advt Telangana CM Revanth Reddy who met Union Minister for Heavy Industries and Steel H D Kumaraswamy in the national capital on Saturday expressed heartfelt gratitude to the Centre for sanctioning 2,000 electric buses to Hyderabad under the PM e-DRIVE scheme. Reddy urged Kumaraswamy to allocate 800 more Electric Buses (EVs) to to a press release issued by the Union Minister's office the Chief Minister also submitted a formal request for the allocation of additional electric buses, citing the growing urban mobility demands in Telangana and the need for cleaner, more efficient public transport said, "the Government of India is fully committed to building a cleaner, greener and future-ready mobility ecosystem. The 2,000 e-buses sanctioned to Hyderabad under the PM e-DRIVE scheme are a transformative step toward reducing urban pollution, modernising public transport and improving quality of life for citizens."The CM brought to the attention of Kumaraswamy that the retrofitting of state-run Road Transport Corporation (RTC) diesel buses is successful and the same vehicles are already plying in the CM appealed to the Union Minister to permit retro-fitting to the existing diesel buses, a state government release PM e-DRIVE scheme, launched by the Ministry of Heavy Industries, aims to deploy over 10,000 electric buses in major Indian cities, thereby advancing India's climate goals and enhancing last-mile scheme is aligned with the broader objectives of AatmaNirbhar Bharat and the National Electric Mobility Mission , it added.
Time of India
25-05-2025
- Automotive
- Time of India
Telangana CM thanks Kumaraswamy for sanctioning 2,000 e-buses, seeks 800 more
Telangana CM Revanth Reddy who met Union Minister for Heavy Industries and Steel H D Kumaraswamy in the national capital on Saturday expressed heartfelt gratitude to the Centre for sanctioning 2,000 electric buses to Hyderabad under the PM e-DRIVE scheme. Reddy urged Kumaraswamy to allocate 800 more Electric Buses (EVs) to Hyderabad. According to a press release issued by the Union Minister's office the Chief Minister also submitted a formal request for the allocation of additional electric buses, citing the growing urban mobility demands in Telangana and the need for cleaner, more efficient public transport solutions. Kumaraswamy said, "the Government of India is fully committed to building a cleaner, greener and future-ready mobility ecosystem. The 2,000 e-buses sanctioned to Hyderabad under the PM e-DRIVE scheme are a transformative step toward reducing urban pollution, modernising public transport and improving quality of life for citizens." The CM brought to the attention of Kumaraswamy that the retrofitting of state-run Road Transport Corporation (RTC) diesel buses is successful and the same vehicles are already plying in the city. The CM appealed to the Union Minister to permit retro-fitting to the existing diesel buses, a state government release said. The PM e-DRIVE scheme, launched by the Ministry of Heavy Industries, aims to deploy over 10,000 electric buses in major Indian cities, thereby advancing India's climate goals and enhancing last-mile connectivity. The scheme is aligned with the broader objectives of AatmaNirbhar Bharat and the National Electric Mobility Mission , it added.
