logo
Kochi corporation, CSML meet today to sort out streetlight issues

Kochi corporation, CSML meet today to sort out streetlight issues

Time of India10-07-2025
Kochi: Kochi corporation and Cochin Smart Mission Ltd (CSML) will conduct a joint meeting on Friday to sort out issues related to defunct streetlights. During the meeting, councillors and officials with the corporation should pinpoint the issues related to streetlights in their areas so that CSML can take necessary corrective measures.
There are widespread complaints that streetlights are not functioning in several parts of the city despite CSML claiming that they are nearing completion of the much-hyped LED streetlight project in Kochi. According to councillors, the issue has been persisting for the past one year. Councillors also said that authorities begin rectification works only five or six months after the complaint is filed. Separate meetings will be conducted for each circle of the corporation from 2pm to 4pm on Friday.
Corporation entrusted a Rs 40-crore project to CSML to replace the existing lights with LED lights. As per original schedule, the project was supposed to be completed by Dec 2023. Later, deadline was revised to Dec 2024. Now, CSML authorities say rectification works can be done after project completion by the end of July.
The project was initiated to improve quality of streetlights and cut down on electricity bills. Before switching over to LED lights, electricity bill was around Rs 1.5 crore a month. In April 2025, corporation received a bill of Rs 1.24 crore, and in May and June, the bills were Rs 1.33 crore and 1.29 crore respectively. So, the claim that power bills can be reduced by 40% once the project is implemented is also being questioned by councillors.
Councillors are expected to raise such issues at the meeting and CSML will be asked to rectify those.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Regaal Resources raises Rs 92 crore from anchor investors ahead of IPO
Regaal Resources raises Rs 92 crore from anchor investors ahead of IPO

Economic Times

time26 minutes ago

  • Economic Times

Regaal Resources raises Rs 92 crore from anchor investors ahead of IPO

Regaal Resources raised ₹92 crore from anchor investors before its ₹306 crore IPO, opening Tuesday. The Bihar-based maize products maker allotted shares to domestic and overseas institutions at ₹102 each. Listing is set for August 20. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Regaal Resources has mobilised Rs 92 crore from anchor investors ahead of its IPO, which opens for public subscription on Tuesday. The Kolkata-based maize-based specialty products manufacturer informed the exchanges on Monday that it allotted 89,99,856 equity shares at Rs 102 apiece, including a share premium of Rs 97, to a clutch of institutional anchor book saw participation from a diverse mix of domestic and overseas institutions, including Taurus Mutual Fund, Meru Investment Fund, Authum Investment and Infrastructure, Universal Sompo General Insurance, Zeta Global Funds (OEIC) PCC, and several domestic alternative investment funds (AIFs).Regaal Resources operates from Kishanganj, Bihar, one of India's top three maize-growing states, and is among the country's top 10 maize milling companies by capacity, with an installed crushing capacity of 750 tonnes per portfolio includes native maize starch, modified starch, co-products such as gluten, and value-added products like maize flour, icing sugar, and baking Rs 306 crore IPO comprises a fresh issue and an offer for sale, with a price band set at Rs 96–102 per can bid for a minimum lot of 144 shares. Of the total issue, up to 50% is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors (NIIs).The subscription window will close on Thursday. Tentative allotment is scheduled for August 18, with refunds and credit of shares to demat accounts on August 19. The stock is expected to list on both BSE and NSE on August 20. Pantomath Capital Advisors and Sumedha Fiscal Services are acting as the book-running lead managers to the issue.

IHCL to buy stake in firms operating The Clarks Hotels & Resorts' brand
IHCL to buy stake in firms operating The Clarks Hotels & Resorts' brand

Business Standard

time26 minutes ago

  • Business Standard

IHCL to buy stake in firms operating The Clarks Hotels & Resorts' brand

Tata Group-owned Indian Hotels Company Ltd (IHCL) on Monday said a committee constituted by its board has approved and executed agreements to acquire about 51 per cent stake each in two entities -- ANK Hotels and Pride Hospitality -- which have a portfolio of 135 hotels operated under 'The Clarks Hotels & Resorts' brand. The transactions to be executed via cash consideration are expected to be completed by November 15, 2025. The share subscription and purchase agreements and shareholders' agreements were executed to acquire about 51 per cent equity stake for an amount not exceeding Rs 110 crore in ANK Hotels Pvt Ltd, and Rs 94 crore in Pride Hospitality Pvt Ltd, according to a regulatory filing. "The foregoing companies have a portfolio of 135 hotels which are operated under 'The Clarks Hotels & Resorts', primarily across India, IHCL said. The country's biggest hospitality player has also signed a distribution & marketing agreement with 'Brij Hospitality Pvt Ltd', which has a portfolio of 19 hotels under the Brij Brand, primarily across the country. The transactions (subject to fulfilment of certain condition precedents) aim to address India's heterogenous market landscape and provide deeper geographical penetration across India in the midscale segment while continuing to pursue its asset light growth strategy, IHCL stated in the filing. The proposed acquisition of 51 per cent stake in ANK Hotels Pvt Ltd will add a portfolio of 111 midscale hotels (with 67 hotels in operation) to IHCL's portfolio. Established in 1996, ANK Hotels Pvt Ltd has its registered office in Lucknow. It has presence in India & Sri Lanka. Pride Hospitality Pvt Ltd, established in 2005, has its registered office in Jaipur. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

GIC, TPG-backed AHH targets 20 AINU hospitals by FY30, eyes GI entry
GIC, TPG-backed AHH targets 20 AINU hospitals by FY30, eyes GI entry

Business Standard

time26 minutes ago

  • Business Standard

GIC, TPG-backed AHH targets 20 AINU hospitals by FY30, eyes GI entry

Asian Healthcare Holdings (AHH), backed by Singapore sovereign wealth fund GIC and private equity firm TPG, plans to expand to about 20 nephrology and urology facilities under its Asian Institute of Nephrology and Urology (AINU) brand by the end of FY30. AINU currently operates over 500 beds in seven hospitals across Hyderabad, Visakhapatnam, Siliguri, and Chennai. It inaugurated a 200-bed flagship hospital in Hyderabad on Monday. 'Between FY26 and FY27, there will be another three to four hospitals, which will take our tally to 12-13 facilities,' Vishal Bali, executive chairman of AHH, told Business Standard. With this expansion, AINU's bed capacity will reach about 850. He added that the next phase of growth will focus on tier-II cities such as Bhubaneswar, Patna, Coimbatore, and Pune. Sandeep Guduru, chief executive officer of AINU, said Rs 150 crore in capital expenditure has been earmarked to open three to four new urology and nephrology facilities in the next 12 months. 'We are also expanding our robotic surgery capabilities in a couple of our other cities,' he added. Bali said that between FY27 and FY30, AINU could add another seven to eight hospitals, taking the total to around 20. AHH, which owns Motherhood Hospitals (maternity care), AINU, and Nova IVF (IVF), is a healthcare platform specialising in single-specialty hospitals. The network now plans to enter one or two additional specialties. 'Gastroenterology (GI) is one such specialty that we would be keen to explore,' Bali said. He explained that GI offers a strong outpatient department with endoscopy, as well as inpatient procedures largely driven by minimal access surgery. On the possibility of an initial public offering, Bali declined to share a timeline, saying it was a matter of when the investors deemed it appropriate. 'However, with the Ebitda that we have on the platform today, the company could potentially go to an IPO even in the next 16 or 18 months,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store