Prostarm Info Systems incorporates project specific subsidiary
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The Hindu
6 hours ago
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GameChange BOS sets up transformer factory in Maharashtra as demand from data centres, RE projects rise
GameChange BOS, a division of GameChange Energy Technologies, has announced the opening of its high-capacity medium voltage transformer manufacturing facility in Taloja, Maharashtra. The factory, spread across 180,000 sq. ft., is capable of producing over 1,800 transformers annually, significantly expanding the company's ability to serve key markets in India, Europe, and the United States, it said. This expansion enables GameChange BOS to scale its product offerings across the 0.5-25 MVA range, with voltage ratings up to 69 kV, catering to high-growth segments such as AI-driven data centres, renewable energy projects, battery energy storage systems (BESS), and large-scale electrification infrastructure, it said. 'We are revolutionising the experience of the customer in the transformer sector with fast delivery, great service, and unparalleled value pricing,' said Andrew Worden, CEO of GameChange BOS. 'Our new factory enables us to address urgent market needs and positions us as a significant player in the global electrification movement', he added. The facility is equipped with advanced manufacturing technology, quality testing, and streamlined production processes, ensuring products meet the highest international standards. India's power demand is projected to nearly triple by 2035, driven by industrial expansion, rise of electrification of transport, data centers and urban consumption. And the company wants to cater to this demand.
Mint
11 hours ago
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Govt raises ₹1.42 lakh cr via asset monetisation till FY25
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Mint
13 hours ago
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Govt raises ₹1.42 lakh cr via asset monetisation till FY25
New Delhi, Aug 21 (PTI) The government has raised ₹ 1,42,758 crore through different modes of asset monetisation up to FY25, Parliament was informed on Thursday. Union Road Transport and Highways Minister Nitin Gadkari, in a written reply to the Lok Sabha, said the projected financial contribution of asset monetisation for the current fiscal year is ₹ 30,000 crore. The government monetises highway assets through three modes – Toll Operate & Transfer (ToT), Infrastructure Investment Trust (InvIT), and Securitization (Project based financing through SPV). Responding to another question, Gadkari said since inception of the Cashless Treatment of Road Accident Victims Scheme, 2025 (Scheme) pilot programme in six states and Union Territories with effect from March 2024, as many as 4,971 road accident victims have been treated till 31st July, 2025. Cashless Treatment of Road Accident Victims Scheme, 2025 (Scheme) has been notified on a pan-India basis. Under this scheme any person who is a victim of road accident caused by the use of a motor vehicle shall be entitled to treatment cover up to ₹ 1.5 lakh per victim, subject to a maximum cap of 7 days from the date of accident at any designated hospital across the country. Also, responding to a different question, he said as per data available on VAHAN portal as on 12th August 2025, the total number of High Security Registration Plates affixed on vehicles was 20,16,32,06. The minister also said as on August 12, 2025, a total of 2,76,990 vehicles have been scrapped at Registered Vehicle Scrapping Facilities (RVSFs). Under ToT Mode, open market bids are invited. Road stretches are awarded for a concession period (15-30 years) to the highest bidder, which must be above the reserve price. National Highways Authority of India (NHAI) has formed National Highways Infra Trust (NHIT). NHAI offers stretches to NHIT for 15-30 year of concession period to obtain their highest valuation. NHIT's offer price is compared with the reserve price. NHIT in turn raises money through bonds and discover the best price through sale of units on SEBI platform. Under securitization Mode, NHAI has been authorised to raise long term finance from banks and by issuing bonds by securitizing user fee receipts from toll plazas on Delhi-Mumbai Expressway as an alternate mode of asset monetization, through a Special Purpose Vehicle.
