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Govt extends textile PLI application date till 31 October
The scheme has two parts.In Part-1 of the PLI scheme, the minimum investment is Rs 300 crore and the minimum turnover required to be achieved for incentive is Rs 600 crore while in Part-2, the minimum investment should be Rs 100 crore and the minimum turnover is Rs 200 crore.The textiles ministry had approved 64 applications under the Rs 19,798 crore scheme last year.The scheme promotes and cover the manufacturing of man-made fibre (MMF) apparel, MMF fabrics and products of technical textiles.Earlier, the Ministry of Textiles (MoT) had reopened the PLI scheme portal in July till 31 August, 2023.

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🇮🇳 India · 🗓️ September 04, 2023 · Construction

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Genus Power receives LoA for oder worth Rs 2,247.37 cr
The government seeks to install 250 million smart meters in all households across the country to enhance the efficiency of the power sector, under the scheme.The order worth Rs 2,247.18 lakh smart prepaid meters, system meters, including OT meters.Further, it will be implemented under the revamped distribution sector scheme (RDSS).Genus Power Infrastructures (GPIL) has won a contract and received a letter of award (LoA) for the same to supply smart meters.

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🇮🇳 India · 🗓️ September 04, 2023 · Construction

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India issues mandatory quality control order for cast iron products
Once the QCO comes into effect, manufacture, storing, trading, sale of the products in question will be prohibited unless certified by the Bureau of Indian Standards (BIS) that each of the products complies with the standards specified by the latter.The official notification said that the QCO will come into effect after six months.

🇮🇳 India · 🗓️ September 04, 2023 · Steel

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Ramkrishna Forgings bags Euro 8.25 million order in South America
65 crore, for the supply of equipment to a client in the South American market.The company, which exports to over 50 countries, has a manufacturing facility in Jamshedpur in Jharkhand.The company will be supplying front and rear axle components for the next five years, it said in a statement."This contract represents a significant step in our journey to expand and diversify our operations in the South American market," said Ramkrishna Forgings CFO Lalit Kumar Khetan.It has formed a joint venture with Titagarh Rail systems to manufacture and supply 80,000 wheels to the Indian Railways.

🇮🇳 India · 🗓️ September 04, 2023 · Steel

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India greenlights auction for four iron ore blocks in Rajasthan
The officials stated that the successful bidders would be awarded “composite licenses” for exploration and development of the assets and extraction of iron ore, along with any other mineral that may be established in course of the exploration.As per the plans of the state-level Department of Geology and Mines, as many as 38 mineral blocks will be put up for auction in the current fiscal year.It may be noted that there is no steel mill operational in Rajasthan currently.

🇮🇳 India · 🗓️ September 04, 2023 · Steel

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