Honeywell announced that it is working with the Aurangabad Industrial Township Ltd.
and Faridabad Smart City Ltd. to run cities more effectively and improve citizens’ living
standards through smart building technologies and services that seamlessly connect an
array of city services, including emergency response, traffic management, road
congestion, crowd monitoring, pedestrian safety, and crime prevention.
The Aurangabad Industrial City and Faridabad smart city project were inaugurated by
Shri Narendra Modi, Honorable Prime Minister of India. The Smart Cities Mission aims to
use technology to improve the quality of life of residents as well as drive economic
growth in 100 cities across India.
The Maharashtra Electricity Regulatory Commission validated Adani Power’s claim for
compensatory tariff from state-owned discom Maharashtra State Electricity Distribution
Company (MSEDCL) for additional costs incurred in supplying power from its 3,300 MW
Tiroda plant, after the allocation of the Lohara coal block withdrawn due to environmental
reasons.
The government’s pilot scheme to reduce power generation cost has been allowed to run
till March 31, 2020. This scheme has saved about Rs 2.75 crore per day in the April-July
period. The Central Electricity Regulatory Commission (CERC) has extended the
implementation period of the scheme to allow Power System Operation Corporation
(Posoco), the national load despatch centre, to fine-tune the operational aspects of the
scheme for large-scale implementation in future.
Leading infrastructure investors including Cube Highways, Macquarie Group, IRB
Infrastructure and Larsen & Toubro (L&T) have sought more time for evaluating the
highways ministry’s third bundle of toll-operate-transfer (TOT) projects, officials said.
National Highways Authority of India invited bids for nine national highway stretches for a
cumulative length of 566 km on June 13 in its third round of TOT auctions. The projects
are spread across Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh, with a base value of
around Rs 4,995 crore.
Successful bidders of the current round of coal block auctions can use extracted coal at
any of their plants including those at subsidiaries, provided the end-use plant is similar to
the one specified during the auction. Earlier, operators were tied to the plant specified
during the auction.
Dalmia Cement (Bharat) has put in a bid to acquire the Rs 6,000-crore cement business
of Emami. Though Dalmia Group held initial talks with private equity funds such as
CPPIB (Canada Pension Plan Investment Board) and Piramal-Bain for a joint bid, it has
now decided to go solo and finance the acquisition internally, sources said.