Union Power Minister Pushes Andaman to Boost Renewables, Cut Diesel Use

28 Oct 2024 CW Team

Union Power Minister Manohar Lal has urged the Andaman and Nicobar Islands administration to focus on increasing power generation from renewable sources, particularly wind energy, to reduce reliance on diesel-based electricity. Speaking at a review meeting in Sri Vijaya Puram, Lal highlighted the need to transition to cleaner energy to lower energy costs in the archipelago.

The minister advised exploring ethanol-based fuel alternatives and improving energy storage systems to enhance power generation efficiency. He also stressed timely settlements of government department dues to reduce transmission losses and narrow the ACS-ARR gap (Average Cost of Supply vs. Average Revenue Realized).

Additionally, Lal called for the swift execution of projects under the revamped distribution sector scheme, aiming to enhance the power infrastructure of the Union Territory.

The meeting was attended by Lieutenant Governor D K Joshi, senior power ministry officials, and representatives from power sector CPSEs.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..