&w=3840&q=100)
PM Modi lays foundation stones for projects worth over ₹5,900 cr in Bihar
Prime Minister Narendra Modi on Friday launched 28 development projects worth more than ₹5,900 crore in Bihar's Siwan district.
Modi inaugurated the new VaishaliDeoria railway line project, built at a cost of over ₹400 crore, and flagged off a new train service on this route.
Additionally, in a major boost to connectivity in north Bihar, Modi also flagged off the Vande Bharat Express between Patliputra (Patna) and Gorakhpur (Uttar Pradesh) via Muzaffarpur and Bettiah.
Further promoting the Make in India Make for the World' initiative, Modi flagged off a state-of-the-art locomotive built at Marhowra plant for export to the Republic of Guinea.
The locomotive is equipped with high-horsepower engines, advanced AC propulsion systems, microprocessor-based controls, ergonomic cab designs, and regenerative braking.
In line with his commitment to conservation and rejuvenation of the Ganga, the PM inaugurated six Sewage Treatment Plants (STPs) under the Namami Gange project, worth over ₹1,800 crore.
He also laid the foundation stone for additional water supply, sanitation and STP projects across Bihar, totaling Rs 3,000 crore.
In a major thrust to the energy sector, the PM laid the foundation stone for a 500 MWh Battery Energy Storage System (BESS) across 15 grid substations in the state, including those in Muzaffarpur, Motihari, Bettiah, and Siwan.
With each substation to house 2080 MWh capacity batteries, the system is expected to help discoms reduce peak-hour electricity costs and enhance supply reliability.
These units will save the distribution companies from buying electricity at expensive rates by feeding the already-stored electricity back to the grid, benefiting the consumers, an official said.
Modi also handed over the first instalment to more than 53,600 beneficiaries under the Pradhan Mantri Awas YojanaUrban (PMAY-U) and marked the Grih Pravesh ceremony for over 6,600 completed houses by handing over keys to select beneficiaries.
Earlier in the day, Bihar Deputy Chief Minister, Samrat Choudhary, in a post on X wrote, Today the people of Bihar are eagerly waiting for Modi ji, from energy to railways, from housing to export..he (the PM) is bringing many gifts for the people of the state during his 51st visit to Bihar today.
Bihar Governor Arif Mohammad Khan, Chief Minister Nitish Kumar, Deputy CMs Samrat Choudhary and Vijay Kumar Sinha, Union ministers and several officials were present on the occasion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
5 minutes ago
- Economic Times
Tale of Sun and sons: All about the Maran brothers and their link to 'Kalaignar' Karunanidhi
A dispute between the Maran brothers, Kalanidhi and Dayanidhi, has resurfaced. Dayanidhi Maran accuses Kalanidhi Maran of financial crimes related to Sun TV. He demands the restoration of Sun TV's original shareholding. Sun TV denies these allegations, calling them misleading and defamatory. The Maran brothers are related to former Tamil Nadu Chief Minister Karunanidhi. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Kalanidhi Maran How Maran brothers are connected to Karunanidhi The 22-year-old alleged feud between the powerful Maran brothers is in the limelight after DMK Lok Sabha MP Dayanidhi Maran accused his brother Kalanidhi Maran of "financial crimes," and asked him to restore the entire shareholding position of Sun TV and related companies to their original state or face legal and regulatory action. The allegations, however, have been denied by the Sun TV through a stock exchange per ET's report, the timing of the alleged transaction coincided with the death of the brothers' father, former Union minister Murasoli Maran. Dayanidhi's contention is that Kalanithi used this opportunity to gain 60% control in the company, up from zero. without informing or consulting the other key stakeholder, MK Dayalu, wife of Karunanidhi, who was representing the Maran, born on December 5, 1966, in Tamil Nadu's Kumbakonam, is a seasoned Indian politician and son of the late Union Minister Murasoli Maran. He pursued a B.A. in Economics from Loyola College, DMK MP married Priya, who belongs to the family that owns and publishes The first entered the political field through Lok Sabha polls of 2004 and has since served multiple terms. His ministerial stints include serving as the Union Cabinet Minister for Communications and Information Technology (2004–2007) and later for Textiles (2009–2011). Re-elected to the 17th Lok Sabha in 2019 and again in 2024 to the 18th Lok Sabha, he is currently a member of several key parliamentary committees including the Committees on Home Affairs, Estimates, and Business his tenure was also marred by his alleged role in the 2G scam case. The CBI had alleged that Dayanidhi Maran, during the check period of June 2004 to December 2006, when he was the Union minister for communication and information technology, misused his office and installed a private telephone exchange at his residences in Chennai and used the facility for business transactions involving the Sun Network. It alleged that he had caused a loss of Rs 1.78 crore to the exchequer. More than 700 telecom lines were installed at their residences in Boat Club and Gopalapuram here, the agency charged. The former minister has been acquitted by the dabbling in his family's modest publishing business, the older Maran brother launched now worth Rs 23,000-crore Sun TV Network in 1993. Over the years, the Sun has turned into a regional television heavyweight with 37 channels reaching more than 140 million households in Maran holds a Bachelor of Commerce from the University of Madras, Chennai and MBA from Scranton University, Pennsylvania, started the Tamil Sun TV channel in 1993 and built it into a sprawling media giant, encompassing multiple TV channels in south Indian languages as well as a film production house, taking advantage of connections with the state establishment, industry watchers told married Kavery Maran, and they have a daughter, Kavya Maran, who is the head of the IPL team, Sunrisers Hyderabad and South Africa's SA20 team, Sunrisers Eastern Marans were grandnephew of Karunanidhi, who served as Chief Minister of Tamil Nadu for almost two decades. The reason behind Dayanidhi's entry in the cabinet has also been linked to Karunanidhi. It was seen that loved his nephew and Maran's father, Murasoli Maran, as much as his sons and that prompted the DMK leader to make Maran's younger son Dayanidhi a minister at the Centre in 2004 and who completed 50 years as DMK chief in July, was among the few regional political chieftains who had been key decision-makers in national politics. Having won elections to the Tamil Nadu Assembly 13 times, Karunanidhi held the rare record of not having lost a poll since his first electoral victory in 1957. He was chief minister of the state five times.
Economic Times
5 minutes ago
- Economic Times
Bharti Enterprises to invest Rs 313 cr in Eutelsat under fresh capital raise plan
Reuters The logo of the satellite operator Eutelsat New Delhi: Bharti Enterprise's space venture will invest €31.4 million (about Rs 313 crore) as part of French satellite group Eutelsat's fresh €1.35 billion (around Rs 11,250 crore) capital raising plan, aimed at paring debt and investing in satellite constellations. The French government will invest €526.4 million in Eutelsat and become the largest shareholder with a 29.99% stake, displacing Bharti Space, which will now own 18.7% stake in Eutelsat, the world's second largest satcom group and a chief rival to Elon Musk-owned Starlink. Other investors include shipping major CMA CGM with €100.4 million, with sovereign investor FSP putting in €57.8 million. 'I am delighted that under the leadership of President Macron, the French state has decided to back Eutelsat as the European Space Champion and increased its shareholding by injecting a sizeable investment into the company,' Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises & Co-Chairman Eutelsat Group. Post merger between Eutelsat and Bharti Enterprises and UK government backed-OneWeb in 2023, the Indian group became the largest shareholder in Eutelsat with a 21.2% share. 'We are also thrilled to welcome the French armed forces ministry, DGA, partnership with Eutelsat in a long term €1B contract to reserve capacity on Eutelsat's low-Earth orbit OneWeb constellation for its mission critical needs,' Mittal this week, Eutelsat signed a 10-year agreement with France's Ministry of the Armed Forces under the Nexus program. The deal, worth up to €1 billion ( ?9,999 crore), aims to integrate military and civilian satellite resources and strengthen European capabilities in secure space capital raise comes at a time of heightened activity in the satellite internet space, especially in India. Eutelsat OneWeb, a unit of the Eutelsat group, is poised to start commercial broadband-from-space service in India, having received all necessary statutory clearances, except for more than 600 satellites since merging with British firm OneWeb in 2023, Eutelsat is the world's second-largest operator of low Earth orbit (LEO) satellites. But it remains far smaller than Starlink, which has 6,000 satellites.
Economic Times
6 minutes ago
- Economic Times
Sun TV shares tumble over 5% in intra-day trade amid concerns over rift between Maran brothers
Shares of Sun TV Network tumbled over 5 per cent in intra-day trade on Friday before recovering most of the lost ground to end 1 per cent lower amid concerns over a rift between brothers Dayanidhi and Kalanithi Maran. ADVERTISEMENT According to reports, Dayanidhi has sent a legal notice to his brother and several others, accusing them of "fraudulent practices" and "misgovernance" in taking control of Sun TV after their father Murasoli Maran's death in 2003. The stock of Sun TV dropped 5.20 per cent to Rs 581.55 during the day on the BSE. Later, it ended at Rs 606.80, down 1.09 per cent. On the NSE, shares of the firm tanked 5.25 per cent to Rs 580 during the day. The stock later ended at Rs 605.75 apiece, a decline of 1.04 per cent. A day after reports emerged of former Union minister Dayanidhi Maran accusing his brother of "fraudulent practices" and "misgovernance", the elder sibling Kalanithi-run Sun TV on Friday said the division between the promoter family done 22 years back was in compliance with all legal obligations. Defending its promoter Kalanithi, Sun TV Network in a regulatory filing said the agreements between the two brothers had been "duly vetted" by "intermediaries" concerned before the company's public issue. ADVERTISEMENT The board of Sun TV Network is led by Kalanithi as Executive Director and Chairperson. Kalanithi, as a promoter, owns 75 per cent shareholding in Sun TV Network. ADVERTISEMENT Sun TV Network said, "The alleged matter dates back to 22 years, when the company was a closely held private limited company". Defending the promoter, it further stated, "Statements allegedly made in the articles are incorrect, misleading, speculating, defamatory and not supported by facts or law". ADVERTISEMENT "We wish to inform that all acts have been done in accordance with legal obligations and the same had been duly vetted by concerned intermediaries before the public issue of the company," it said. Moreover, Sun TV Network also said the media reports claiming a rift between the promoter Maran brothers "does not have any bearing on the business of the company or its day-to-day functioning". ADVERTISEMENT Sun TV Network also clarified that it is a "family matter of the promoter" and is "purely personal in nature". (You can now subscribe to our ETMarkets WhatsApp channel)
