Gadchiroli's Gondwana University to tie up with Australian varsity for new mining courses
Nagpur: In a historic step,
Gondwana University
(GU) will sign a MoU with Australia's
Curtin University
on May 7, to start various three-year diploma courses in mining from this July session. As
Gadchiroli
takes strides towards becoming the next steel city of India, GU is laying the foundation to provide qualified manpower for the mining industry.
With a promised Rs25 crore donation from Lloyds Metal and Energy Ltd, work has already started on the residential facility which will have an annual intake of total 90 students for three diploma courses.
Dr Prashant Bokare, vice-chancellor of Gondwana University said, "We will have an intake of 30 students each for
diploma in mining technology
, steel technology and computer science (related to mining). Approval for the courses has been received from Maharashtra State Board of Technical Education (MSBTE) and the curriculum will be prepared with academia-industry partnership."
The curriculum will be jointly designed by Lloyds Metal, Gondwana University and Curtin University. Curtin University runs Western Australia School of Mines (WASM) which offers 17 courses and graduation and post-graduation level specialisations in mining, apart from opportunity to do advanced research in this niche field.
"All our enrolled students will spend six months at WASM. We will then train them for six months at Lloyds Metals. The remaining two years will be in-classroom learning. So, the three years diploma will be a comprehensive academic and experience-oriented course," Bokare said.
The entire project's cost is around Rs200 crore, of which the state govt will fund half. "For the share from the private sector, Lloyds Metal has already committed Rs25 crore. The company's MD B Prabhakaran immediately gave the green signal after hearing about the initiative," Bokare said.
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Time of India
a day ago
- Time of India
PCMC's 200 crore green municipal bonds listed on BSE; CM and deputies attend ceremony in Mumbai
Pune: The Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday listed its Rs200 crore green municipal bonds on the Bombay Stock Exchange ( ) in Mumbai. The listing ceremony was attended by chief minister Devendra Fadnavis, deputy CMs Eknath Shinde and Ajit Pawar, and state chief secretary Sujata Saunik. Tired of too many ads? go ad free now PCMC has become the first civic body in Maharashtra to raise funds through green municipal bonds, and it is also the first municipal corporation in the country to issue green bonds exclusively for a sustainable mobility project. The funds raised through these bonds will be utilised for the 'Harit Setu' project in Nigdi Pradhikaran and for the sustainable mobility development project from Gawlimatha to Indrayani Nagar Chowk on Telco Road. Both promote non-motorised transport and sustainable development. Speaking at the event, Fadnavis stated that there was a very good response to the green bonds, and they were subscribed within a few minutes. "The strong investor response is a testament to the trust placed in Maharashtra govt and PCMC's governance," he said. He added that the infrastructure built using funds raised through these bonds will help boost sustainability in Pimpri Chinchwad. Last week, the bonds were floated via private placement on the BSE's Electronic Bidding Platform and attracted bids worth Rs513 Crore, oversubscribing the offer by 5.13 times. The bonds were issued at a coupon rate of 7.85% for a period of five years. PCMC commissioner Shekhar Singh said the decision to raise funds through green bonds was taken after past experience when the civic body raised Rs100 Crore through municipal bonds. Tired of too many ads? go ad free now "For some projects, the funding available from budgeting stretches up to five to six years due to limited resources with the civic body. We were thinking of ways to expedite our projects, and one such option was to have funds available for a two or three-year timeframe. That is where the idea of green bonds came up," he said. He said there has been increasing stress on financial resources that municipal corporations can allocate for different projects, and municipal bonds provide one such option where the civic bodies can leverage their financial strength. Singh said the Harit Setu project is a master plan for the city for the next 10-12 years, and it is a recognition of the fact that traffic congestion is not just about widening roads. "If we do not think of non-motorised or public transport options, I do not think we will be solving the traffic congestion," he said. The project has already won the Bloomberg Initiative for Cycle Infrastructure in 2023, and the civic body has also received a grant of USD 400 from the FICCI challenge for it. Pimpri Chinchwad was the only city from India and was among the nine global cities that won the FICCI award. Singh said that the corporation has also applied for a 25% grant for the Harit Setu project under the Urban Challenge Fund, a Central govt initiative introduced in this year's Union Budget. PCMC is set to become the first municipal body in the country to avail this assistance, having fulfilled the eligibility condition of raising over 50% of the total project cost through instruments like green bonds, he said. Pune: The Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday listed its Rs200 crore green municipal bonds on the Bombay Stock Exchange (BSE) in Mumbai. The listing ceremony was attended by chief minister Devendra Fadnavis, deputy CMs Eknath Shinde and Ajit Pawar, and state chief secretary Sujata Saunik. PCMC has become the first civic body in Maharashtra to raise funds through green municipal bonds, and it is also the first municipal corporation in the country to issue green bonds exclusively for a sustainable mobility project. The funds raised through these bonds will be utilised for the 'Harit Setu' project in Nigdi Pradhikaran and for the sustainable mobility development project from Gawlimatha to Indrayani Nagar Chowk on Telco Road. Both promote non-motorised transport and sustainable development. Speaking at the event, Fadnavis stated that there was a very good response to the green bonds, and they were subscribed within a few minutes. "The strong investor response is a testament to the trust placed in Maharashtra govt and PCMC's governance," he said. He added that the infrastructure built using funds raised through these bonds will help boost sustainability in Pimpri Chinchwad. Last week, the bonds were floated via private placement on the BSE's Electronic Bidding Platform and attracted bids worth Rs513 Crore, oversubscribing the offer by 5.13 times. The bonds were issued at a coupon rate of 7.85% for a period of five years. PCMC commissioner Shekhar Singh said the decision to raise funds through green bonds was taken after past experience when the civic body raised Rs100 Crore through municipal bonds. "For some projects, the funding available from budgeting stretches up to five to six years due to limited resources with the civic body. We were thinking of ways to expedite our projects, and one such option was to have funds available for a two or three-year timeframe. That is where the idea of green bonds came up," he said. He said there has been increasing stress on financial resources that municipal corporations can allocate for different projects, and municipal bonds provide one such option where the civic bodies can leverage their financial strength. Singh said the Harit Setu project is a master plan for the city for the next 10-12 years, and it is a recognition of the fact that traffic congestion is not just about widening roads. "If we do not think of non-motorised or public transport options, I do not think we will be solving the traffic congestion," he said. The project has already won the Bloomberg Initiative for Cycle Infrastructure in 2023, and the civic body has also received a grant of USD 400 from the FICCI challenge for it. Pimpri Chinchwad was the only city from India and was among the nine global cities that won the FICCI award. Singh said that the corporation has also applied for a 25% grant for the Harit Setu project under the Urban Challenge Fund, a Central govt initiative introduced in this year's Union Budget. PCMC is set to become the first municipal body in the country to avail this assistance, having fulfilled the eligibility condition of raising over 50% of the total project cost through instruments like green bonds, he said.
Hans India
3 days ago
- Hans India
Nifty formed a bullish engulfing candle
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Business Standard
6 days ago
- Business Standard
Hinduja Family Philanthropy: 250% Crop Yield Surge with Watershed Initiatives
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