Latest news with #HEO
Time of India
2 days ago
- Business
- Time of India
Vizianagaram unveils Rs 13K crore credit plan for FY 2025-26
Visakhapatnam: Vizianagaram district collector Dr BR Ambedkar released the annual credit plan amounting to Rs 13,444 crore for the 2025-26 financial year. The collector said that this year's plan has been increased by 19.2% compared to the previous year. A district-level bankers' meeting was held at the collectorate. Speaking on this occasion, Ambedkar said that Rs 8,025 crore has been allocated for agriculture in this year's credit plan. Under the micro, small, and medium enterprises (MSME) division, Rs 1,843 crore had been allocated for Mudra, Startup India, and Stand Up India loans. For the education and housing sectors, Rs 282 crore had been allocated. The collector urged bankers to come forward to provide 100% loans according to the targets. "We are working with the goal of disbursing Rs 140 crore as crop loans this year. Measures have been taken to increase paddy cultivation in this Kharif season. And since rains have already started, farmers should be prepared in advance for the crops. There is a high chance of storms in November, so plans should be made to complete paddy harvesting by October. For this, bankers should sanction loans by July. There is a need to expedite loan disbursements for applications received under the PM Vishwakarma scheme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Преносим лазерен заваръчен пистолет, 50% отстъпка в нов магазин HEO Купете сега Undo So far, 86,386 applications have been received under this scheme, and after stage III verification, 6,182 applications have been approved. Among these, 5,057 beneficiaries have completed basic skill training. Out of 3,805 applications sent to banks, loans amounting to Rs 6.86 crore have been sanctioned for 1,080 applicants, and loans for the remaining applicants will be sped up," said the collector. Ambedkar instructed officials of various departments to ensure loans are provided to beneficiaries through schemes such as PM Suryaghar, Mudra loans, Stand Up India, MEPMA, DRDA, the Minority Corporation, and others. For those who have already received loans, field-level inspections should be conducted to verify what types of units have been established.
Business Standard
21-05-2025
- Business
- Business Standard
Patel Engineering bags hydro power project from NEEPCO worth Rs 711 crore
Patel Engineering (PEL) said that it has been awarded a contract for undertaking the construction of hydropower project valued at Rs 711.29 crore by North Eastern Electric Power Corporation (NEEPCO). As per the terms of the contract, the company would construct a 240 MW HEO hydropower project located in Arunachal Pradesh under EPC Mode. The scope of work includes construction of civil and associated infrastructure works, testing & commissioning of hydro-mechanical plant & machinery leading to successful operation and performance of all the generating units of the hydro electric project. PEL had earlier been declared L1 (lowest bidder) for this project. The said project is located in the Shi Yomi district of Arunachal Pradesh and is scheduled to be completed within 44 months. Kavita Shirvaikar, managing director, Patel Engineering, said: "We are proud to have been awarded the HEO Hydropower project from NEEPCO. This order further cements our position as a trusted partner for building critical infrastructure for Indias power sector and strengthens our position in the North-East. Arunachal Pradesh with its vast and largely untapped hydropower potential, is emerging as a key region in Indias renewable energy landscape." Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works.
Time of India
21-05-2025
- Business
- Time of India
Patel Engineering awarded ₹711 cr hydro project in Arunachal by NEEPCO
New Delhi: Patel Engineering Ltd (PEL) has received a Letter of Acceptance (LoA) from North Eastern Electric Power Corporation Ltd ( NEEPCO ) for the construction of the 240 MW HEO hydroelectric project in Arunachal Pradesh at a contract value of ₹711.29 crore. The project, located in Shi Yomi district of Arunachal Pradesh, will be executed under the Engineering, Procurement and Construction (EPC) mode with a completion timeline of 44 months. PEL was previously declared as the L1 (lowest) bidder for the project. The contract scope includes execution of civil and associated infrastructure works, supply, installation, testing and commissioning of hydro-mechanical plant and machinery, and ensuring successful operation and performance of all generating units of the HEO hydroelectric project. 'We are proud to have been awarded the HEO Hydropower project from NEEPCO. This order further cements our position as a trusted partner for building critical infrastructure for India's power sector and strengthens our position in the North-East. Arunachal Pradesh with its vast and largely untapped hydropower potential, is emerging as a key region in India's renewable energy landscape. As we embark on the execution of the HEO hydropower project, we bring with us decades of experience, a proven track record in complex hydropower works, and a deep sense of responsibility towards environmental stewardship and community engagement,' said Kavita Shirvaikar, Managing Director, Patel Engineering Ltd. Established in 1949, Patel Engineering Ltd operates in hydropower, tunnelling and irrigation segments and has executed more than 85 dams, 40 hydroelectric projects, and over 300 km of tunnelling in India and abroad.
Business Upturn
21-05-2025
- Business
- Business Upturn
Patel Engineering bags Rs 711.29 crore hydropower project from NEEPCO
Patel Engineering Limited (PEL) has received a contract worth Rs. 711.29 crore from the North Eastern Electric Power Corporation Limited (NEEPCO) for the construction of the 240 MW HEO Hydropower Project in Arunachal Pradesh. The project will be executed under the Engineering, Procurement, and Construction (EPC) mode. The HEO Hydropower Project is located in the Shi Yomi district of Arunachal Pradesh. Patel Engineering was selected as the lowest bidder (L1) for this contract. The project is expected to be completed within 44 months. The scope of work includes the construction of civil structures and related infrastructure, as well as the testing and commissioning of hydro-mechanical plant and machinery. The objective is to ensure the successful operation of all generating units of the 240 MW HEO Hydroelectric Project. Kavita Shirvaikar, Managing Director, Patel Engineering Limited stated, 'We are proud to have been awarded the HEO Hydropower project from NEEPCO. This order further cements our position as a trusted partner for building critical infrastructure for India's power sector and strengthens our position in the North-East. Arunachal Pradesh with its vast and largely untapped hydropower potential, is emerging as a key region in India's renewable energy landscape. As we embark on the execution of the HEO hydropower project, we bring with us decades of experience, a proven track record in complex hydropower works, and a deep sense of responsibility towards environmental stewardship and community engagement.' Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
