Latest news with #Barmer
Entrepreneur
a day ago
- Business
- Entrepreneur
IndiGrid to Acquire Solar and Transmission Assets Worth INR 2,175 Crore
The acquisitions are expected to be funded through a mix of equity, internal accruals, and debt, with the net debt-to-AUM ratio projected to reach approximately 62 per cent following the transaction You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India Grid Trust (IndiGrid), one of the country's largest publicly listed infrastructure investment trusts in the power sector, has signed definitive agreements to acquire two operational energy assets for a combined enterprise value of up to INR 2,175 crore, including adjustments. The announcement was made through a press release issued by the company. The acquisition includes a 300 MW solar power project and a high-capacity transmission system, both already in operation. The move is part of IndiGrid's ongoing strategy to expand its footprint in the renewable energy and transmission segments while strengthening its asset base across key regions. The solar asset, Renew Solar Aayan Private Limited (RSAPL), is situated in Barmer, Rajasthan, an area known for strong solar irradiation. Operational since March 2024, RSAPL is backed by a 25-year power purchase agreement with the Solar Energy Corporation of India (SECI), offering a fixed tariff of INR 2.37 per unit. The project is a wholly owned subsidiary of ReNew Solar Power Private Limited and sits in close proximity to another IndiGrid-owned project, RSUPL, enabling operational synergies and enhanced regional presence in renewables. The second acquisition, Koppal Narendra Transmission Limited (KNTL), is a build-own-operate-maintain (BOOM) inter-state transmission system project in Karnataka. Commissioned in October 2023, it consists of about 276 circuit kilometers of transmission lines and a transformation capacity of around 2,500 MVA. KNTL is jointly owned by ReNew Solar Power Private Limited (51 per cent) and KNI India (49 per cent), a joint venture between Norfund and KLP. Its strategic location supports long-term grid expansion in the rapidly growing southern region. Pending necessary regulatory and contractual approvals, IndiGrid will assume full ownership and management control of both assets. The acquisitions are expected to be funded through a mix of equity, internal accruals, and debt, with the net debt-to-AUM ratio projected to reach approximately 62 per cent following the transaction—still within comfortable limits for future investments. "India's power sector is at a pivotal juncture, with the need for robust transmission infrastructure and accelerated renewable integration becoming more critical than ever," said Harsh Shah, managing director of IndiGrid. "These acquisitions align with our long-term strategy to participate meaningfully in this transformation by owning and operating essential infrastructure that supports grid stability and energy access."
United News of India
6 days ago
- Business
- United News of India
BJP leader Satish Poonia meets PM Modi
New Delhi / Jaipur, June 3 (UNI) Dr Satish Poonia, former state president of the Bharatiya Janata Party (BJP) in Rajasthan, met Prime Minister Narendra Modi in New Delhi on Tuesday. Dr Poonia paid a courtesy visit to Modi at Prime Minister's New Delhi residence. Dr Poonia expressed gratitude and congratulated the Prime Minister on the historic success of Operation Sindoor by the Indian Army against terrorists by presenting a statue of 'Hoda Ambabari' made of Kadamba wood, a unique handicraft art of Rajasthan, and a Pattu (shawl) made of Barmer handicraft. He said that meeting Modi always gives new energy, his resolution of developed India 2047 and the resolution of making a self-reliant India gives guidance for the upliftment of the state and the country, a common worker born in a farmer family like us gets inspiration from Narendra Modi to work continuously for the state and the nation, which gives new energy to work towards development and strengthening of the organisation with commitment. During his visit, Dr Poonia took guidance on important topics like development of Rajasthan and Haryana and organizational strength. Modi blessed Dr Poonia's son-daughter-in-law Maheep-Sippy and daughter Anushka. On this occasion, Dr Poonia's wife Mohini Poonia was also present. UNI XC ARN SS
Hindustan Times
27-04-2025
- Politics
- Hindustan Times
Pakistani brides' reunion with Indian husbands short-lived as India revokes visas
Barmer: After waiting for nearly two years, two young brides from Pakistan reunited with their Indian husbands in Rajasthan's Jaisalmer earlier this month. However, their hopes of starting a family were shattered when India announced on Thursday the revocation of all visas issued to Pakistani nationals, effective from April 27, following the Pahalgam terror attack on Tuesday. Cousins Saleh Mohammad (26) and Mushtaq Ali (27), from Devikot village in Jaisalmer, had travelled to Ghotki district in Sindh province in July 2023 to visit their relatives, where they met Karam Khatoon (21) and Sachul (22). The couples tied the knot in August 2023 in Ghotki, but the brides could not travel to India with their husbands due to visa complications. The grooms returned to India in September 2023, once their visas expired. After trying for a year and a half, the Indian government granted visas to the brides, and the families finally reunited on April 13. The families were busy celebrating the reunion with rituals when the visas issued to Pakistani nationals were revoked as part of punitive diplomatic measures over cross-border linkages to the Pahalgam terror attack that killed 26 people. Also read: India revokes visas for Pakistanis from April 27, medical visas get 2 more days The ministry of home affairs also issued a second order on the revocation of visas on Friday, stating that only two of the 16 categories of visas issued to Pakistani nationals—Long Term Visas (LTVs) and Diplomatic and Official Visas—will remain valid. The rest will be revoked with effect from April 27. Pakistani nationals in India on medical visas will be granted two more days, having to leave by April 29. 'How can we send them away now? If they leave, the doors will be closed forever, and our families will be destroyed. We request the Indian government to allow us to live together peacefully,' said Haji Abdullah, the father-in-law of one of the brides. Also Read:Pak woman, living in Odisha for 35 years, worried after 'Leave India' notice Abdullah said that the families had applied for Long Term Visas (LTVs) for both brides soon after their arrival. However, following the government's new directive, local police authorities have been pressuring the families to send the brides back to Pakistan. 'We waited for two years to be together. Now, just after a few days, we are being told to go back. Where would we go? Who is there for us in Pakistan? We would rather die than leave our husbands,' said one of the brides.
