Intentar ORO - Gratis

States May Get ₹22,400 Cr for Green Energy Corridor-III

Mint Kolkata

|

March 19, 2025

The Centre is likely to provide the assistance for developing intra-state transmission systems

- Rituraj Baruah

The Union government is likely to provide assistance worth about ₹22,400 crore to states for development of intra-state transmission systems under the third phase of the Green Energy Corridor, said two people aware of the development. GEC-III was proposed in the Union budget for FY26. The overall cost for the third phase is estimated around ₹56,000 crore and the Centre would provide 40% of the cost, the two people mentioned above said.

The major states to be covered under the scheme include Gujarat, Rajasthan, Karnataka, Maharashtra and Andhra Pradesh. Most of the projects under the third phase are expected to be in Gujarat, with the state projected to work on transmission projects worth over ₹29,000 crore, followed by Rajasthan with projects worth over ₹19,000 crore.

"The scheme was recently discussed in a recent meeting by the new and renewable energy ministry with stakeholders and the focus is on accelerated development of the transmission network to cater to the targeted 500 GW non-fossil capacity and achieve energy transition," said one of the two people mentioned.

MÁS HISTORIAS DE Mint Kolkata

Mint Kolkata

Sberbank keen on India infra projects

Sberbank, Russia’s largest bank, is interested in partnership and participation in large-scale infrastructure projects in India.

time to read

1 min

December 03, 2025

Mint Kolkata

India’s Russian oil import dip temporary: Kremlin

India’s imports of Russian oil may decline for only “a brief period” as Moscow plans to boost supplies, using sophisticated technology to avert the impact of Western sanctions, Kremlin spokesperson Dmitry Peskov said on Tuesday.

time to read

1 min

December 03, 2025

Mint Kolkata

PSBs flag deposit rate woes on policy eve

portfolios highly sensitive to policy moves.

time to read

2 mins

December 03, 2025

Mint Kolkata

Torrent hires banks for $450 mn IPO

Torrent Gas Ltd has hired three banks for its planned initial public offering (IPO) that may raise as much as $450 million, according to people familiar with the matter.

time to read

1 min

December 03, 2025

Mint Kolkata

Mint Kolkata

Youngsters lap up multiplex ticket discounts but shrink F&B spending

Urban, youth-centric films such as Saiyaara and FI: The Movie are setting cinema cash registers ringing, bringing returns for multiplexes that are trying to attract audiences with discounts and buy-one-get-one offers.

time to read

2 mins

December 03, 2025

Mint Kolkata

Swiggy plans to raise $1.1 bn in share sale next week

Food deliverer Swiggy Ltd is preparing to raise as much as ₹10,000 crore ($1.1 billion) from institutional investors as early as next week, according to people familiar with the matter.

time to read

1 min

December 03, 2025

Mint Kolkata

IndiGrid to acquire Gadag Transmission

IndiGrid on Tuesday signed an agreement to acquire an interstate transmission (ISTS) project in Karnataka for an enterprise value of ₹372 crore.

time to read

1 min

December 03, 2025

Mint Kolkata

Mint Kolkata

Indonesia assigns $1 bn to Brics-led New Development Bank

Indonesia will assign $1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations.

time to read

1 min

December 03, 2025

Mint Kolkata

Gail’s challenges escalate with adverse tariff decision

A tariff setback and stubborn LNG prices have once again rattled Gail India investors.

time to read

1 mins

December 03, 2025

Mint Kolkata

Mint Kolkata

Inspector raj rollback: Let's turn this small start into a crescendo

India has begun to clear up a regulatory thicket that should proceed apace to give all our businesses more space to breathe

time to read

3 mins

December 03, 2025

Listen

Translate

Share

-
+

Change font size