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Assistance to cities to improve energy use efficiency to tap Rs.6,000 cr saving potential per year
Sep 28,2016

Ministry of Urban Development has embarked on a major programme to improve energy use efficiency in bulk water supply, public lighting, transportation and domestic consumption in cities and towns across the country. The Ministry today signed a Memorandum of Understanding with the Energy Efficiency Services, a public sector enterprise in this regard.

The MoU was signed in the presence of the Minister of Urban Development Shri M.Venkaiah Naidu, Minister of Power, New and Renewable Energy Sources and Coal Shri Piyush Goyal and Shri Rajiv Gauba, Secretary (Urban Development).

Shri Naidu said that energy audit and improving energy use efficiency is one of the mandated reforms under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and this initiative would help the cities significantly. n++This will substantially reduce costs of operation of water supply schemes and public lighting and will benefit citizensn++ Shri Naidu said.

Shri Piyush Goyal said that n++EESL has done a great job over the last one year in promoting energy use efficiency programmes across the country and has done much better than private sector. EESL will ensure supply of latest technology for municipal programmesn++.

In the MoU, it has been stated that energy costs account for 40% to 60% of cost of water supply in urban areas and energy efficiency interventions can reduce this cost by 25% to 40%, depending on the type and age of machines being used for bulk water supply. Quoting Central Electricity Authority (CEA) it has been stated that urban local bodies can save about Rs.6,000 cr per year through such interventions in water supply and public lighting alone besides avoiding the need for 1,150 MW of power.

Savings in water supply is said to be Rs.3,200 cr and 600 MW of power while it would be Rs.2,800 cr and 550 MW in case of public lighting per year. Emission of Carbon Dioxide, a climate change agent is estimated to be reduced by over 7 million tonnes per year.

Necessary interventions would be undertaken by EESL without any financial burden on urban local bodies as cost of the proposed Municipal Energy Efficiency Programmes would be borne from out of the savings. MoU states that performance contracting offers a mechanism for urban local bodies to finance these projects without upfront investment.

As per the MoU, EESL will develop overall strategy for taking up Energy Efficient Projects in urban areas and to start with, will take up implementation of energy efficient pump sets in public water works and sewage systems to be followed by similar interventions for public lighting, public transport systems and buildings.

Cities selected under Smart City Mission would be targeted first to be followed by AMRUT cities and others in a phased manner.

Ministry of Urban Development would facilitate signing of agreements between the State Governments, urban local bodies and EESL for conducting Investment Grade Energy Audit, preparation of technical reports and for implementation after the reports are approved.

EESL will provide or arrange project funding for implementation as required and will procure latest technological equipment and materials in a transparent manner besides ensuring repair and maintenance services for the goods installed by it.

It has been proposed in the MoU that after selection of cities, Investment Grade Energy Audit will be prepared by EESL in six months and after approval, project will be implemented in nine months from the date of signing of tri-partite agreement.

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Bajaj Finance allots NCDs aggregating Rs 387.40 cr
Sep 28,2016

Bajaj Finance has allotted 3874 Secured Redeemable Non-Convertible Debentures of face value of Rs 10 lakh each on Private Placement basis aggregating Rs 387.40 crore on 27 September 2016.

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Mohit Industries announces resignation of director
Sep 28,2016

Mohit Industries announced that Dharmesh Vinodraj Patel, Non-Executive Independent Director of the Company has resigned as a Director of the Company with effect from 12 September 2016 due to his other commitments and personal reasons.

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Kellton Tech Solutions allots equity shares
Sep 28,2016

Kellton Tech Solutions has allotted equity shares to the employees pursuant to Section 62(1)(b) of the Companies Act, 2013, Companies (Share Capital and Debentures) Rules, 2014, SEBI (Share Based Employee Benefits) Regulations, 2014 and as per the Employees Stock Option Scheme, 2013, on 28 September 2016.

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Brijlaxmi Leasing & Finance to hold AGM
Sep 28,2016

Brijlaxmi Leasing & Finance announced that the 25th Annual General Meeting(AGM) of the company on 26 September 2016.

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Bajaj Finserv to hold board meeting
Sep 28,2016

Bajaj Finserv will hold a meeting of the Board of Directors of the Company on 27 October 2016 to consider, the unaudited financial results for the quarter and half-year ending September 30, 2016 (Q2).

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Bajaj Finance to hold board meeting
Sep 28,2016

Bajaj Finance will hold a meeting of the Board of Directors of the Company on 27 October 2016 to take on record the unaudited financial results for the quarter and half year ending September 30, 2016 (Q2).

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Can Fin Homes to hold board meeting
Sep 28,2016

Can Fin Homes will hold a meeting of the Board of Directors of the Company on 18 October 2016 to consider and approve the un-audited financial results of the Company for the II Quarter ending on September 30, 2016 (FY 2016-17) together with the Limited Review Report for the above said period.

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Lyons Corporate Market to hold AGM
Sep 28,2016

Lyons Corporate Market announced that the 23th Annual General Meeting(AGM) of the company on 27 September 2016.

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Tai Industries to hold AGM
Sep 28,2016

Tai Industries announced that the 33th Annual General Meeting(AGM) of the company on 26 September 2016.

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Bharti Airtel launches new International Roaming packs
Sep 28,2016

Bharti Airtel announced the launch of its new International Roaming (IR) packs that redefine the value proposition for customers traveling abroad. With the new IR packs, customers will have the convenience of carrying their India mobile number wherever they go and stay connected 24x7 without having to worry about high call and data charges. The packs will be available to both postpaid and prepaid customers.

Airtels new IR packs offer free incoming calls, free texts to India and ample data benefits along with free India calling minutes across all popular destinations. Charges for calls to India and local in-country calls have been reduced to as low as Rs. 3/min across popular destinations.

Airtel also announced that post the exhaustion of pack data benefits, international roaming data will now be charged at just Rs. 3/MB, a reduction of 99% from Rs. 650/MB, so that customers can enjoy uninterrupted data usage without having to worry about bill charges. Customers can continue accessing their emails, social media, and websites on the go in a secure manner without having to wait for public wi-fi or free access.

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Kalyanpur Cements to hold AGM
Sep 28,2016

Kalyanpur Cements announced that the th Annual General Meeting(AGM) of the company on 26 September 2016.

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Asian Petroproducts & Exports to hold AGM
Sep 28,2016

Asian Petroproducts & Exports announced that the 24th Annual General Meeting(AGM) of the company on 26 September 2016.

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Cenlub Industries to hold board meeting
Sep 28,2016

Cenlub Industries will hold a meeting of the Board of Directors of the Company on 8 October 2016.

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Sudarshan Chemical Industries to hold board meeting
Sep 28,2016

Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 11 November 2016 to consider and approve the Unaudited Financial Accounts of the Company for the quarter and six months ending on September 30. 2016.

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