Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Adani, Adani Group

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

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Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

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Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

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Prime Minister Narendra Modi begins Whatsapp Channel following conclusion of the first day in the new parliament building

PM Modi on Whatsapp Channels (Photo: Whatsapp)

The CUET-UG aims to streamline the admission process for undergraduate programs across various universities and colleges in India

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The price of natural gas produced from difficult areas like KG-D6 of Reliance Industries is likely to be cut by about 14 per cent from next month in line with softening energy prices, sources said.
For the six-month period starting October 1, the price of gas from deepsea and high-pressure, high-temperature (HPTP) areas is likely to be cut to around USD 10.4 per million British thermal unit from the current USD 12.12, they said.
The government bi-annually fixes prices of the locally-produced natural gas -- which is converted into CNG for use in automobiles, piped to household kitchens for cooking and used to generate electricity and make fertilisers.
Two different formulas govern rates paid for gas produced from legacy or old fields of national oil companies like Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), and for newer fields lying in difficult-to-tap areas, such as deepsea.
Rates are fixed on April 1 and October 1 each year.
In April this year, the formula ..

KG-D6 row: Govt slaps Rs 1700-cr penalty on RIL, BP

Prime Minister Narendra Modi on Tuesday said the purpose of the new women's reservation bill Narishakti Vandan Adhiniyam is to expand women's participation in Lok Sabha and assemblies, and asserted it will further strengthen Indian democracy, as he urged MPs of both Houses of Parliament to pass the bill unanimously.
In the first speech in the first session in the new Parliament building, Modi underlined the role of politics in the effective transformation of society and said Indian women have immensely contributed in sectors ranging from space to sports and start-ups to self-help groups.
"The Narishakti Vandan Adhiniyam will further strengthen our democracy. I congratulate mothers, sisters and daughters of the nation for Narishakti Vandan Adhiniyam. I assure all mothers, sisters and daughters of the nation that we are committed to making this bill into a law," he said, amidst thumping of desks by members of both treasury and opposition benches.
Some opposition parties, including the

PM Modi, Narendra Modi

Paddy procurement will commence on October 1 and continue till February 2024, starting with western UP and later cover the eastern part as well

paddy farmer

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

Cinema hall, Kashmir, South Kashmir

Have subscribed to shares worth Rs 2,850 cr as 'cornerstone investors' in 20 IPOs so far in FY24

mutual funds, MFs

Since it was set up in 2009, Lava has become popular for the budget phones, which have a keypad but no high-end features

Lava Agni 2 5G

India is a leading fertiliser importer to support its vast agriculture sector, which employs about half of its 1.4 billion people and accounts for nearly 15% of its $3 trillion economy

fertiliser subsidy

Sterlite Power on Friday said it has acquired Beawar Transmission Ltd for developing an electricity transmission project in Rajasthan.
Beawar Transmission is a Special Purpose Vehicle (SPV) of REC Power Development and Consultancy Ltd.
The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said.
"Sterlite Power announces the acquisition of Beawar Transmission Ltd from REC Power Development and Consultancy Ltd, a wholly owned subsidiary of REC Ltd," it said.
The company did not share the financial details of the acquisition.
Through the Beawar Transmission Ltd, the company will build the Green Energy Corridor project on Build, Own, Operate, Transfer (BOOT) basis, for a period of 35 years, as per the statement.
This is Sterlite Power's 19th power transmission project in India acquired through tariff-based competitive bidding, the company said, adding that it now has Rs 12,000 crore worth of projects under management.
"Sterlite

Sterlite Power Transmission Limited

Tamannah, Shehnaaz Gill, Divya Dutta praised the Union government's decision to introduce the Women's Reservation Bill in the current parliament session

Tamannaah Bhatia

Pharmaceutical ingredient manufacturing firm Valiant Laboratories has decided to launch its initial share sale for public subscription on September 27.
The Initial Public Offering (IPO), which is an entirely fresh issuance of 1.08 crore equity shares with no offer for sale component, will be concluded on October 3,  according to the red herring prospectus filed with Sebi on Friday.
Further, bidding for anchor investors will open on September 26.
Proceeds of the issue will be utilised to set up a manufacturing facility for speciality chemicals in Gujarat through its subsidiary -- Valiant Advanced Sciences Private Ltd. -- and to meet the working capital requirements of the subsidiary company.
Valiant Laboratories is an active pharmaceutical ingredient or bulk drug manufacturing company with its focus on manufacturing paracetamol, which is used in the treatment of headache, muscle ache, arthritis, backache, toothache, cold and fever.
The paracetamol API industry grew from Rs 2,200 cr

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