Shift to export parity pricing may hit OMCs
Bombay HC Orders MMRDA To Delay Bids for Thane-Ghodbunder Tunnel
The Bombay High Court directed the Mumbai Metropolitan Region Development Authority (MMRDA) to delay opening financial bids for the Thane-Ghodbunder to Bhayandar tunnel and elevated road project until Thursday. This followed a plea by construction firm Larsen & Toubro (L&T), which claimed it was not informed about the status of its bid while others were.The project, estimated to cost Rs six hundred billion, includes a 9.8 kilometre elevated road over Vasai Creek and is set to be the second longest such structure after the Atal Setu. It is planned as an extension of the Mumbai Coastal R..
India Sets Up First Carbon Capture Testbeds for Cement Industry
India has launched five Carbon Capture and Utilisation (CCU) testbeds in the cement sector, forming the first innovation cluster to combat industrial carbon emissions. The Department of Science and Technology (DST) introduced this initiative to support the country鈥檚 climate goals and reduce emissions from carbon-intensive industries.CCU technology can trap carbon dioxide from cement manufacturing and convert it into valuable products such as synthetic fuels, urea, soda, chemicals, food-grade CO2, and concrete aggregates. This initiative aligns with India鈥檚 National Determined Contributions..
Karnataka Considers One-Time Settlement of Contractor Dues
The Karnataka government is mulling a one-time settlement plan to address pending dues of Rs 320 billion owed by eight departments, including the Bruhat Bengaluru Mahanagara Palike (BBMP), to private contractors across the state.This proposal was discussed in a meeting between Deputy Chief Minister D K Shivakumar and Karnataka State Contractors鈥� Association president R Manjunath in Bengaluru. Manjunath noted that small- and medium-scale contractors were the most affected by the prolonged payment delays, with some waiting for up to two years.The Deputy Chief Minister directed officials to pri..
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