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Hans India
4 days ago
- Business
- Hans India
Ensure timely execution of power projects: CS
Vijayawada: Chief Secretary K Vijayanand conducted a review meeting on APGENCO, thermal power projects, hydel projects and pumped storage projects (PSPs) in the State. The meeting was attended by APGENCO's Managing Director KVN Chakradhar Babu and Directors P Ashok Kumar Reddy and M Sujaya Kumar, Director APTRANSCO AKV Bhaskar among other senior officials. The Chief Secretary stressed on the importance of timely project execution and emphasised inter-departmental coordination in obtaining statutory/MoEF(Ministry of Environment & Forests) clearances for fast-track execution. He directed the officials to maintain momentum in achieving project milestones to meet the State's growing power demand and to ensure energy sustainability for Andhra Pradesh and said that the progress of action plan for the ongoing power generation projects will be reviewed on monthly basis. The Chief Secretary said that the 1,350 MW Upper Sileru Pumped Storage Project works have been awarded, while other pumped storage projects at Kamalapadu, Yaganti, Rajupalem, Aravetipalli, Gadikota and Deenepalli were progressing through various stages of feasibility studies and DPR preparation. He instructed APGENCO officials to initiate necessary arrangements for organising the foundation stone laying ceremony of the Upper Sileru project by Chief Minister Nara Chandrababu Naidu and Minister for Energy Gottipati Ravi Kumar. Emphasising on the significance of key thermal power projects, the Chief Secretary said that wet and dry ash evacuation systems and ash disposal lines were operational and directed the officials to complete balance CHP mechanical and structural works at Dr Narla Tata Rao Thermal Power Station (Stage V – 1x800 MW) and final commissioning of the mill reject system is scheduled for mid-June 2025. The Chief Secretary also said that at Dr MVR Rayalaseema Thermal Power Plant (Stage IV – 1x600 MW), balance CHP construction works such as the crusher house and conveyor systems were progressing steadily and structural steel fabrication and mechanical erection works were being executed. The works are set for timely execution and completion by December 2025. Reviewing the Hydel power projects, the Chief Secretary said that the 960 MW Polavaram Hydro Electric Project is scheduled for commissioning by January 2027.
The Hindu
5 days ago
- Politics
- The Hindu
Stringent norms set for execution of Kalladi-Meppadi tunnel road project
An expert panel under the Ministry of Environment, Forest and Climate Change (MoEF) that recently granted final clearance for the proposed Kalladi-Meppadi tunnel road project has fixed stringent norms for the project's execution under the direct monitoring of a four-member committee recommended by the District Collector. A review report will have to be submitted every six months after the commencement of work. 'A notification on the final clearance will be out within a week, which will help us move to the construction phase. The formal construction agreement will be signed following the final clearance,' said Thiruvambady MLA Linto Joseph. While giving final clearance, the expert panel has laid 60 conditions to reduce environmental impact and address concerns raised by various green bodies about natural calamities in ecologically sensitive areas. 'The norms fixed by the Council for Scientific and Industrial Research and the Central Institute for Mining and Fuel Research will have to be strictly followed at the worksite. Also, suggestions by various government panels related to geology, environment, and mining will have to be considered as such,' said Mr. Joseph. There is also a proposal to establish four ground vibrator monitoring stations to constantly assess the work's impact, he added. Ensuring proper protection of biodiversity in the project area is another major condition. The construction company will have to ensure that the flow of the Iruvazhinji river is not interrupted. Also, the company will be responsible for the close monitoring of the quality of air in the constructed tunnel. The ₹2,134-crore project will be completed with the cooperation of the Department of Public Works, Kerala Infrastructure Investment Fund Board, and Konkan Railway Corporation Limited (KRCL). The tendering process had already been completed for the project which will be implemented by Bhopal-based Dilip Buildcon Limited and Kolkota-based Royal Infrastructure. Meanwhile, N. Badusha, president of Wayanad Prakruthi Samrakshana Samithi, said the Samithi would move the Kerala High Court challenging the clearance for the project. Also, a protest would be staged along with other organisations during Environment Day celebrations in front of the Wayanad Collectorate on June 5,' he said. It was on October 16, 2000, that the blueprint for the 8.17-km twin tunnel, claimed to be the third longest underpass in the country, was unveiled by Chief Minister Pinarayi Vijayan. To speed up the project execution, the Chief Minister had included it in the list of 30 special projects directly monitored by him.
New Indian Express
6 days ago
- Business
- New Indian Express
Sand mining to resume in Kerala rivers after long gap of nine years
THIRUVANANTHAPURAM: River sand mining is set to resume in Kerala after a gap of nine years. The revenue department recently issued an order on the standard operating procedure (SOP) for mining activities. The SOP is the first step in a series of procedures involving different government departments. The SOP is based on the directives issued by the Union Ministry of Environment and Forests (MoEF), Supreme Court and the National Green Tribunal. Under this, District Survey Reports are to be prepared for districts where mining is planned. It should be prepared by an agency approved by the National Accreditation Board for Education and Training. The state has so far prepared DSRs for 11 districts with the support of NABET-approved CSIR-NIIST. Of them, four were approved by the State Environment Impact Assessment Authority (SEIAA) and the remaining are under different stages of review. The report has information on the mining potential of rivers in the districts and their environmental impact. The primary data would be the sand auditing report for each district prepared earlier under government supervision. So far, audits have been conducted for 32 of the 44 rivers. Of them, 17 rivers in 10 districts were recommended for restricted mining activities. They are Mogral, Uppala, Shiriya,Chandragiri, Valapattanam, Perumba, Sreekandapuram, Mahe, Kadalundi, Chaliyar, Bharathappuzha, Muvattupuzha, Periyar, Manimala, Pampa, Achankovil and Kulathupuzha. Rules amendment After the SOP, the state mining and geology department should give a letter of intent. Since existing mines and mineral rules do not provide for an LoI, an amendment should be brought to it. Following this, the RDO of a district can apply for environmental clearance. Based on the clearance, the mining and geology department will issue permits for mining from each river. As per the present plan, mining activities would be under the supervision of the Kadavu committee formed for specific banks of a river. The committee to be constituted by the district collector will have the grama panchayat president or the municipal chairperson as its ex-officio president and LSGI secretary as ex-officio secretary.
Business Standard
28-04-2025
- Business
- Business Standard
Lloyd Metals drops after Q4 PAT slips 27% YoY to Rs 202 cr
Lloyds Metal and Energy slumped 4.77% to Rs 1,220.80 after the company's consolidated net profit fell 27.1% to Rs 201.88 crore on 23.49% decline in revenue from operations to Rs 1,182.66 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) dropped 45.35% to Rs 244.62 crore in Q4 Fy25 as compared with Rs 447.63 core in Q4 FY24. Revenue from Iron Ore fell 20.71% to Rs 996.1 crore in Q4 FY25 as compared with Rs 1256.2 crore in Q4 FY24. Sales of iron ore fell 16.16% YoY to 1.66 million metric tonnes (mmt), lower volumes also led to lower absorption of fixed costs, which made our EBITDA margins a bit subdued. On QoQ basis, despite the Realisations remaining flat, EBITDA margins were a bit subdued. The company has complied with requirements and is awaiting a formal response from the MoEF for the enhancement of its mining capacity from 10 mnt to 55 mnt (incl BHQ). Earlier, the company was expecting the EC clearance in Q4FY25, which is now expected to be received in Q1FY26. Revenue from DRI & Power fell 3.08% YoY to Rs 2,203 crore in Q4 FY25. Pellet trading reported net loss of Rs 2.82 crore in Q4 FY25 as against net profit of Rs 78.9 crore in Q4 FY24. On full year basis, the companys net profit jumped 16.65% to Rs 1449.93 crore in FY25 as compared with Rs 1242.93 crore in FY24. Revenue increased 2.24% to Rs 6,626.31 crore in FY25 as compared with Rs 6,481.01 crore in FY24. Meanwhile, the companys board approved a final dividend of Re 1 per share of the Face Value of Rs. 1/- each for the Financial Year ended 31st March, 2025, subject to approval of the Members of the Company at the ensuing Annual General Meeting (AGM) of the Company. Further, the companys board approved raising of funds through issuance of equity shares / bonds / debentures / convertible warrants / preference shares / any other equity linked securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods for an aggregate amount upto Rs 5,000 crore. Lloyds Metals and Energy (LMEL) is the leading player in the Iron and Steel making industry.
