News Overview

The area spread across 5,50,000 acres of arid land. This is nearly three times the size of Singapore.

DIIs were active buyers, putting in ₹20,677 crore worth of trades and selling about ₹9,189 crore.

It looked at 36 states and UTs, tracking performance across buildings, industries, transport, agriculture, municipal services and distribution companies through 66 indicators.

The revised approval follows earlier clearances granted to BEST for smart metering, distribution loss reduction and system upgrades under the same scheme.

The development comes at a time when GOCL is finishing the monetisation of its large land parcel at Kukatpally in Hyderabad and is also divesting a major subsidiary.

The move is expected to boost India’s self-reliance in defence manufacturing and gradually reduce dependence on imported systems.

With this, the UK company is now a wholly owned subsidiary of Alidac and becomes a step-down subsidiary of Zydus Wellness.

This structure will enable sharper execution, faster innovation cycles and deeper operational focus all critical to winning in consumer markets.”

Fully operational, the project is likely to create more than 5,000 jobs, providing direct and indirect employment and a fillip to the region's base of electronics manufacturing.

The project is scheduled to be commissioned within six years of signing the power purchase agreement, ensuring its entire output goes to the state utility.