logo
Boost for UP's energy sector with thermal projects' launch

Boost for UP's energy sector with thermal projects' launch

Time of India2 days ago

Kanpur: PM Narendra Modi on Friday inaugurated and laid the foundation stone for 15 mega development projects, including those of thermal power, worth over Rs 47,000 crore in Kanpur.
He inaugurated a 660-MW Panki thermal power extension project in Kanpur worth over Rs 8,300 crore and three 660-MW units of Ghatampur thermal power project worth over Rs 9,330 crore.
The PM also inaugurated rail over bridges over Panki Power House Railway Crossing and over Panki Dham Crossing on Panki Road at Kalyanpur Panki Mandir in Kanpur. It will support the Panki Thermal Power Extension Project's logistics by facilitating coal and oil transport while also alleviating traffic congestion for the local population.
These projects mark a historic milestone in the state's energy sector, setting the foundation for unprecedented growth in electricity production and distribution. They are expected to add 3,081 megawatts of additional electricity generation capacity, representing a 24.89% boost in the state's total power output. This will strengthen UP's ability to meet its rising energy demands, particularly in the industrial, agricultural, and domestic sectors.
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Neuropathie & Zenuwpijn? Doe dit voor snelle verlichting (Bekijk nu!)
NerveSerenity
Undo
UP is set to gain many benefits. The most important is the move towards becoming self-reliant in electricity production. The state's total power generation capacity has risen from 15,916MW in 2017 to 24,868MW, and by the end of this year, it is expected to reach 27,184MW. All new projects use supercritical technology, which generates more electricity using less coal. This significantly reduced carbon emissions and supported environmental protection.
Of the electricity produced by the new projects, 75.11% will be used in UP and 24.89% will be supplied to Assam. This will not only earn the state income but also help balance energy distribution. Stronger power supply will directly help farmers, households, and industries.
Modi inaugurated the new underground section of the Kanpur metro rail project worth over Rs 2,120 crore from Chunniganj to Kanpur Central. This section includes five new underground stations — Chunniganj, Bada Chauraha, Naveen Market, Nayaganj and Kanpur Central.
It will include 14 planned stations with five new underground stations integrating key city landmarks and commercial hubs into the metro network. Additionally, he also inaugurated road widening and strengthening work of GT Road.
With this extension, important city landmarks such as Lal Imli, Z Square Mall, Green Park Stadium, Parade Ground, Book Market and Somdutt Plaza will be directly connected via metro.
Modi laid the foundation stone for a 220 kV substation in Sector 28 at Yamuna Expressway Industrial Development Authority (YEIDA), Gautam Budh Nagar to meet the growing energy demands of the region.
He also inaugurated 132 kV substations worth over Rs 320 crore at Ecotech-8 and Ecotech-10 in Greater Noida.
PM inaugurated a 40 MLD tertiary treatment plant at Bingawan in Kanpur worth over Rs 290 crore. It will enable reuse of treated sewage water, promoting water conservation and sustainable resource management in the region. In a boost to road infrastructure, Modi laid the foundation stone for widening and strengthening of Gauria Pali Marg for industrial development, and widening and strengthening of the road to connect Narwal Mode (AH-1) on Prayagraj Highway to Kanpur Defence Node (4 lane) under Defence Corridor, both in Kanpur Nagar.
He also distributed certificates and cheques to the beneficiaries of PM Ayushman Vay Vandana Yojana, National Livelihood Mission and PM Surya Ghar Muft Bijli Yojana.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gross GST collections in May rise 16.4% YoY to Rs 2.01 lakh crore
Gross GST collections in May rise 16.4% YoY to Rs 2.01 lakh crore

Indian Express

time16 minutes ago

  • Indian Express

Gross GST collections in May rise 16.4% YoY to Rs 2.01 lakh crore

Gross Goods and Services Tax (GST) collections rose 16.4 per cent year-on-year to Rs 2.01 lakh crore in May (for sales in April), data released by the government on Sunday showed. The GST collections in May were lower than last month's record-high level of Rs 2.37 lakh crore even as the growth rate was higher at 16.4 per cent in May as against 12.6 per cent growth seen in April. While April collections had gained from year-end sales, GST collections in May slowed down from the domestic segment. GST collections from imports grew 25.2 per cent year-on-year to Rs 51,266 crore in May. GST collections from imports were Rs 46,913 crore in April. On the domestic front, GST collections grew 13.7 per cent to Rs 1.50 lakh crore in May, but were lower than Rs 1.90 lakh crore in April. On a net basis, GST collections increased 20.4 per cent to Rs 1.74 lakh crore, the data showed. Experts said a 16 per cent plus year-on-year growth implies economic recovery is holding up. Abhishek Jain, indirect tax head and partner, KPMG said, 'While last month's spike was expected with year-end reconciliations, the consistency this month along with a 16 plus per cent year-on-year growth points to strong underlying momentum and a recovery that's clearly taking hold.' Some experts pointed out a lower GST collection from the domestic sales in May (for sales in April) as against April (for year-end sales in March). 'GST collections are about what we expected, showing a 15 per cent drop from last month. However, domestic GST collections fell by nearly 21 per cent compared to last month, suggesting a shift in how much consumers are spending. While last month's higher collections likely included year-end business-to-business sales pushed due to targets, this large decrease points to some bit of change in consumer spending possibly due to global uncertainties. Also, export refunds are down significantly, by 36.25 per cent, which suggests that the last month's increased exports were primarily on account of companies building their stock at US level due to imposition of tariff,' Saurabh Agarwal, tax partner, EY India said. Total refunds stood at Rs 27,210 crore in May, down 4 per cent YoY. While domestic refunds grew 53.7 per cent YoY to Rs 18,314 crore in May, refunds for imports were down 45.9 per cent to Rs 8,896 crore. In April, domestic refunds had risen 22.4 per cent YoY to Rs 13,386 crore, while refunds on imports had increased 86.1 per cent YoY to Rs 13,955 crore. State-wise data for October showed that out of 38 states/Union territories, 20 states/UTs recorded higher growth in gross GST collections than the national average of 16.4 per cent growth rate. In absolute terms, Maharashtra was at the top with collection of Rs 31,530 crore (17 per cent growth), followed by Karnataka with collection of Rs 14,299 crore (20 per cent growth), Tamil Nadu with Rs 12,230 crore (25 per cent growth), Gujarat with collection of Rs 11,737 crore (4 per cent growth), and Delhi with Rs 10,366 crore collection (38 per cent growth). States/UTs which recorded a contraction in GST collections in May included: Andhra Pradesh at Rs 3,803 crore (-2 per cent), Uttarakhand at Rs 1,605 crore (-13 per cent), Dadra and Nagar Haveli and Daman & Diu at Rs 351 crore (-6 per cent), and Mizoram at Rs 29 crore (-26 per cent). 'The wide variations in the growth of GST collections across states require a thorough analysis across the sectors that are important in each state. While large states like Maharashtra, West Bengal, Karnataka and Tamil Nadu have reported collection increases of 17 per cent to 25 per cent, similar large states like Gujarat, AP and Telangana have shown increases of only -2 per cent to 6 per cent t. Some states like MP, Haryana, Punjab and Rajasthan have shown a median increase of 10 per cent. Hence, the average growth across the country does not appear to be uniformly reflected across states possibly due to sectoral or seasonal factors which require a deeper data based analysis,' MS Mani, partner, indirect taxes, Deloitte India said. The gross Central GST (CGST) — the tax levied on intra-state supplies of goods and services by the Centre — collections stood at Rs 35,434 crore, State GST (SGST) — the tax levied on intra-state supplies of goods and services by the states — collections were Rs 43,902 crore, while Integrated GST (IGST) — the tax levied on all inter-state supplies of goods and services — collections stood at Rs 1.09 lakh crore and cess at Rs 12,879 crore during the month. The gross Central GST (CGST) — the tax levied on intra-state supplies of goods and services by the Centre — collections stood at Rs 35,434 crore, State GST (SGST) — the tax levied on intra-state supplies of goods and services by the states — collections were Rs 43,902 crore, while Integrated GST (IGST) — the tax levied on all inter-state supplies of goods and services — collections stood at Rs 1.09 lakh crore and cess at Rs 12,879 crore during the month. Aanchal Magazine is Senior Assistant Editor with The Indian Express and reports on the macro economy and fiscal policy, with a special focus on economic science, labour trends, taxation and revenue metrics. With over 13 years of newsroom experience, she has also reported in detail on macroeconomic data such as trends and policy actions related to inflation, GDP growth and fiscal arithmetic. Interested in the history of her homeland, Kashmir, she likes to read about its culture and tradition in her spare time, along with trying to map the journeys of displacement from there. ... Read More

Adani Energy nod for Rs 4.3k crore share sale
Adani Energy nod for Rs 4.3k crore share sale

Time of India

time23 minutes ago

  • Time of India

Adani Energy nod for Rs 4.3k crore share sale

Billionaire Gautam Adani-controlled Adani Energy Solutions approved raising Rs 4,300 crore via a stake sale. Adani Group unit's board approved a proposal to raise the amount via "qualified institutional placement" in one or more tranches, an exchange filing showed on Saturday. Adani companies are steadily regaining investor confidence after a US indictment of the founder soured sentiment. In March, Fitch Ratings removed Adani Energy from a rating watch and assigned it a negative outlook, citing moderating risks associated with the group's liquidity. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

With Sindoor focus, BJP eyes TMC's core female vote bank
With Sindoor focus, BJP eyes TMC's core female vote bank

Time of India

time27 minutes ago

  • Time of India

With Sindoor focus, BJP eyes TMC's core female vote bank

With Sindoor focus, BJP eyes TMC's core female vote bank KOLKATA: The era of "appeasement politics" in Bengal is over as BJP primes itself to form the next government in 2026 with the supportThe era of 'appeasement politics' in Bengal is over as BJP primes itself to form the next government in 2026 with the support of its core Hindu constituency and women voters moving away from CM Mamata Banerjee 's party, home minister Amit Shah said Sunday while echoing a sentiment ignited by PM Narendra Modi in north Bengal last week. 'Bengal's women won't tolerate any insult to sindoor,' Shah declared at Kolkata's Netaji Indoor Stadium. He said CM Mamata taking potshots at PM Modi amid India's Operation Sindoor targeting terrorist sites in Pakistan indicated whose side she was on. 'It would have been better if she were pained by Bengalis getting killed (in violence within Bengal). She didn't utter a word then.' Shah alleged that the recent violence in Murshidabad linked to anti-waqf law protests was a 'state-sponsored' riot. 'The state government did not seek help from BSF despite repeated alerts from us. Finally, BSF intervened after the high court's order. Trinamool netas were accusing BSF and encouraging the rioters…The CM opposed the waqf amendments. Who was she trying to protect?' The home minister said the next elections in Bengal were not only about Bengal's future, but also national security. 'Mamata Banerjee has opened the nation's borders to Bangladeshis. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Stop dit in je schoenen! Op dag 3 zakte m'n lievelingsbroek al af (ik stond paf!) Undo She is allowing infiltration. We asked her for land to fence the gaps. She isn't providing it so that infiltration continues, her vote bank keeps growing, and her nephew becomes the CM. But this is not going to happen,' he said. Shah said it was painful to see Bengal plumb the depths, first under Left Front's governance, and now TMC . 'For years, Bengal led India in every field. But then came the communists, and after that, Mamata Didi took charge with the slogan of 'Maa, Mati, Manush'. She has since turned this great land into the hub of infiltration, corruption, atrocities on women, bomb blasts and injustice against Hindus,' he said. 'During elections and even after Didi's victory, hundreds of BJP workers were brutally killed. Didi, how long will you hide them? Mark my words — your time is over.' Shah said under UPA, Bengal received Rs 2.09 lakh crore, whereas under Modi, it received Rs 8.27 lakh crore in 10 years. But the money was 'looted by the TMC syndicate', he said. 'Even if Modiji sends Rs 50 lakh crore, it won't reach the people unless BJP is in government here. To get Modiji's benefits and homes, you must bring a BJP government in Bengal,' Shah told the crowd. He later inaugurated a Central Forensic Science Laboratory (CFSL) in Rajarhat.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store