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RIL’s Jio Reports USD 2.2 Billion Fund Support from Swedish Export Credit Agency for 5G Rollout

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Reliance Industries Limited’s telecom business, Reliance Jio, reported a USD 2.2 billion fund support from a Swedish Export Credit Agency for the 5G network rollout in India. Jio has largely procured gears from Sweden’s Ericsson and Finland’s Nokia to deploy its 5G network. Aug 6, 2023 Reliance Industries Limited’s (RIL)......
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Railways Seeking INR 5.25 Lakh Crore Investment for Freight-Focused Corridors

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The Union Ministry of Railways is seeking an approval for INR 5.25 lakh crore investment plan, which shall be spent to meet the targets of PM Gati Shakti Masterplan and Vision 2030. The investment will enable dedicated corridors for domestic freight movement. July 31, 2023 The Union Ministry of Railways......
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Kerala Receives Project Proposals Worth INR 30,824 Crore for a Green Ammonia Plant and an Electrolyser Plant

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The State Government of Kerala has received proposals from two companies. One has proposed a green ammonia production facility of 2,00,000 TPA output capacity. The other has proposed a 252 MW electrolyser plant with green hydrogen and green ammonia generation plant. The combined investment proposed is INR 30,824 crore. Jul......
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Syska Group announces Rajkummar Rao as its New Brand Ambassador

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Syska Group has announced Mr. Rajkummar Rao as their new brand ambassador. A new advertisement campaign is being worked on, targeting the urban population of metro, tier 2, and tier 3 markets. July 31, 2023 Syska Group, a fast-moving electrical goods (FMEG) company, has announced Mr. Rajkummar Rao as its......
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KEC Secures New Orders Worth INR 1,007 Crore in Cables, T&D, and Civil Businesses

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KEC International Limited has secured new orders worth INR 1,007 crores in cables, transmission and distribution, and civil business, from India and overseas. Aug 18, 2023 KEC International Limited has announced the addition of new orders worth INR 1,007 crore across its various businesses, namely civil, transmission and distribution (T&D),......
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UK-Denmark Viking Link Reaches Completion – EUR 2 Billion Invested in 475-Mile Land & Subsea Cable Network

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The final section of the Viking Link Interconnector has been completed by Prysmian’s cable-laying vessel in Danish waters. The EUR 2 billion project will connect the UK and Denmark to share green electricity through a land and subsea cable network of 475 miles. The Jul 18, 2023 The final section......
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Tejas Networks to Supply RAN Equipment Worth INR 7,492 Crore to BSNL’s Pan-India 4G, 5G Network

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Tejas Networks has announced new orders worth INR 7,492 crore to provide RAN equipment for the 4G and 5G networks of BSNL across India. The new order is following the successful trial run of equipment provided at 1,00,000 sites. TCS is supporting the project execution. Aug 16, 2023 Tejas Networks,......
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Rungta Mines Contracts Danieli for 2 High-Speed Bar & Wire Rod Mills with a Combined Capacity of 1 Million TPA

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Rungta Mines Limited has contracted Danieli & C. S.p.A. for two new high-speed bar and wire rod mills at their Odisha-based steel plants. The fifth and sixth collaboration between the two companies will result in a combined production capacity of 1 million TPA of rebar and wire rods. Aug 9,......
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Ashwini Vaishnaw: “India’s 5G Network is World’s Second-Largest Network as Rollout Continues”

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According to statements given by Shri Ashwini Vaishnaw, Union Telecom Minister, and Shri Devusinh Chauhan, Minister of State, India’s 5G network is the second largest network in the world. The 5G rollout in India is still under process and is the fastest rollout across the world. Aug 2, 2023 Mr.......
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Power Ministry Declares Completion of 269 Inter-State Power Transmission Projects  Since 2014

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In a parliamentary update, Mr. R K Singh revealed that 269 interstate power transmission projects have been completed since 2014. Out of these, 45 projects are under TBCB with the rest following the RTM mode. Aug 12, 2023 Union Minister R K Singh informed that a total of 269 inter-state......
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