Latest news with #RajeshMehta
Time of India
15-05-2025
- Business
- Time of India
Battery PLI beneficiaries seek relief on penalties
The three beneficiaries selected for the Advanced Chemistry Cell (ACC) manufacturing program have sought relaxations from the Centre after not meeting the specific scheme deadlines. Slippages make the companies liable to penalties. The three beneficiaries of the ACC Production Linked Incentive (PLI) scheme are Ola Electric , Rajesh Exports and Reliance Industries . The Ministry of Heavy Industries is said to have received requests from all three participants. Minister H D Kumaraswamy will now take a call on waiving the penalty and allowing extension to the earlier deadlines. The National Programme on Advanced Chemistry Cell Battery Storage was launched with a ₹18,100 crore outlay in 2021. An official said the beneficiaries did not meet the December 2024 milestone. Notices were sent to companies in March 2025. Fresh notices were sent in May as well. According to officials aware of the matter, these penalties are in proportion to investment commitment and expected incentives to be accrued by company. If penalties are levied, Ola Electric would have to pay ₹12.5 lakh per day from January 1, 2025, until the commitments made by the company under the scheme are met. Reliance Industries-owned RNEL and ACC Energy Storage - which bid as Rajesh Exports - would have to pay ₹5 lakh per day. Speaking to ET, Rajesh Mehta, the executive chairman of Rajesh Exports said his company has sought because of force majeure. Queries to Reliance and Ola remained unanswered until press time. Mehta said Rajesh Exports was allotted land by Karnataka toward 2023-end and project implementation started immediately. "As per our own schedule, we were to initiate commercial production by October 2024, before December 2024 deadline. We faced a local farmers' agitation as soon as work started," he said, adding that peaceful possession of the land was received after 19 months with state government's intervention.
Time of India
15-05-2025
- Business
- Time of India
Battery PLI beneficiaries seek relief on penalties
New Delhi: The three beneficiaries selected for the Advanced Chemistry Cell (ACC) manufacturing program have sought relaxations from the Centre after not meeting the specific scheme deadlines. Slippages make the companies liable to penalties. The three beneficiaries of the ACC Production Linked Incentive (PLI) scheme are Ola Electric , Rajesh Exports and Reliance Industries . The Ministry of Heavy Industries is said to have received requests from all three participants. Minister H D Kumaraswamy will now take a call on waiving the penalty and allowing extension to the earlier deadlines. The National Programme on Advanced Chemistry Cell Battery Storage was launched with a ₹18,100 crore outlay in 2021. An official said the beneficiaries did not meet the December 2024 milestone. Notices were sent to companies in March 2025. Fresh notices were sent in May as well. According to officials aware of the matter, these penalties are in proportion to investment commitment and expected incentives to be accrued by company. If penalties are levied, Ola Electric would have to pay ₹12.5 lakh per day from January 1, 2025, until the commitments made by the company under the scheme are met. Reliance Industries-owned RNEL and ACC Energy Storage - which bid as Rajesh Exports - would have to pay ₹5 lakh per day. Speaking to ET, Rajesh Mehta, the executive chairman of Rajesh Exports said his company has sought because of force majeure. Queries to Reliance and Ola remained unanswered until press time. Mehta said Rajesh Exports was allotted land by Karnataka toward 2023-end and project implementation started immediately. "As per our own schedule, we were to initiate commercial production by October 2024, before December 2024 deadline. We faced a local farmers' agitation as soon as work started," he said, adding that peaceful possession of the land was received after 19 months with state government's intervention.
Time of India
14-05-2025
- Business
- Time of India
Battery PLI beneficiaries seek relief on penalties
New Delhi: The three beneficiaries selected for the Advanced Chemistry Cell (ACC) manufacturing program have sought relaxations from the Centre after not meeting the specific scheme deadlines. Slippages make the companies liable to penalties. The three beneficiaries of the ACC Production Linked Incentive (PLI) scheme are Ola Electric , Rajesh Exports and Reliance Industries . The Ministry of Heavy Industries is said to have received requests from all three participants. Minister H D Kumaraswamy will now take a call on waiving the penalty and allowing extension to the earlier deadlines. The National Programme on Advanced Chemistry Cell Battery Storage was launched with a ₹18,100 crore outlay in 2021. An official said the beneficiaries did not meet the December 2024 milestone. Notices were sent to companies in March 2025. Fresh notices were sent in May as well. According to officials aware of the matter, these penalties are in proportion to investment commitment and expected incentives to be accrued by company. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cracks in Concrete? Repair Methods Most People May Not Know About Concrete Crack Repair | Search Ads Search Now Undo If penalties are levied, Ola Electric would have to pay ₹12.5 lakh per day from January 1, 2025, until the commitments made by the company under the scheme are met. Reliance Industries-owned RNEL and ACC Energy Storage - which bid as Rajesh Exports - would have to pay ₹5 lakh per day. Speaking to ET, Rajesh Mehta, the executive chairman of Rajesh Exports said his company has sought because of force majeure. Queries to Reliance and Ola remained unanswered until press time. Live Events Mehta said Rajesh Exports was allotted land by Karnataka toward 2023-end and project implementation started immediately. "As per our own schedule, we were to initiate commercial production by October 2024, before December 2024 deadline. We faced a local farmers' agitation as soon as work started," he said, adding that peaceful possession of the land was received after 19 months with state government's intervention.
New Indian Express
02-05-2025
- New Indian Express
Property dealer nabbed after 25-km CCTV trail in Bhikaji Cama hit-and-run
NEW DELHI: A 55-year-old property dealer was arrested for his involvement in a hit-and-run incident that claimed the life of a pedestrian near Bhikaji Cama Place, police said on Thursday. The accused, identified as Rajesh Mehta, a resident of Paschim Vihar, had allegedly fled after hitting a pedestrian around 10 pm on April 26 near the Hyatt Regency. 'A PCR call reported an unidentified man lying injured on Ring Road opposite the hotel. The victim was taken to AIIMS Trauma Centre, where he was declared brought dead,' said Deputy Commissioner of Police (Southwest) Surendra Choudhary. The deceased was later identified as Mulu (34), a native of Tikamgarh, Madhya Pradesh, based on an Aadhaar card found at the scene. The initial investigation was hampered due to heavy traffic and limited CCTV coverage. Police then extended their surveillance sweep across a 25-km stretch from Dhaula Kuan to AIIMS, checking over 20 vehicles. A breakthrough came when a driver reported seeing a white car strike a pedestrian. Police subsequently examined all white vehicles passing through the area,' said the DCP. One vehicle, with registration ending in '232', was flagged due to a fresh dent on the driver's side. CCTV footage traced the car through Africa Avenue and Aurobindo Road, eventually leading to Shiv Vihar Colony in Paschim Vihar. Local inquiries confirmed the vehicle belonged to Mehta. Upon being questioned, he confessed to the collision and admitted fleeing the scene. Mehta was arrested, police said.
Indian Express
02-05-2025
- Indian Express
Property dealer arrested for hit-and-run near Hyatt hotel
A 55-year-old property dealer was arrested on April 26 for allegedly killing a man in a hit-and-run incident that occurred opposite Hotel Hyatt Regency in Bhikaji Cama Place earlier in the day. Police said the accused, Rajesh Mehta, is a resident of West Delhi 's Paschim Vihar. Police said the victim, Mulu (34), who hailed from Tikamgarh in Madhya Pradesh, was struck by a vehicle while crossing the road late at night. He was rushed to AIIMS Trauma Centre where he was declared dead on arrival. With no eyewitnesses and limited CCTV camera coverage near the accident spot, the police probe initially faced major hurdles. 'The team visited the spot, made inquiries about the vehicle… However, due to heavy traffic and the absence of CCTVs in the area, no immediate clue could be found…,' DCP (Southwest) Surendra Choudhary said. 'The team then examined all vehicles along Ring Road, going from Dhaula Kuan to AIIMS, eventually narrowing down to over 20 vehicles. These vehicles and their drivers were examined,' he added. The breakthrough came when one of the drivers mentioned seeing a white car hit Mulu, said police. Investigators then focused on all white vehicles travelling along that route around the time of the incident. Police said CCTV footage eventually led them to a Hyundai Alcazar, which was damaged on the driver's side. 'The vehicle was traced across the city — from Ring Road to Africa Avenue Marg, Brigadier Hoshiarpur Singh Marg, Aurobindo Road, via New Delhi district and Central district — before being found parked outside a residence in Shiv Vihar Colony in Paschim Vihar,' said an officer. Inquiry revealed the car belonged to Seema Mehta, who was picked up for questioning. 'She admitted her husband, Rajesh Mehta, was driving the car at the time of the accident. During questioning, Rajesh admitted that around 10 pm, he was driving towards Green Park via Ring Road towards AIIMS at high speed. Near the Hyatt bus stand, he hit an unknown man crossing the road and fled,' the officer said. Mehta, booked under sections 281 (rash driving) and 106(1) (death by negligence) of BNS, was arrested and his car seized.
