PSU NEWS
NTPC signs Agreement with Railways for connectivity
KUDGI. NTPC-Kudgi and South Western Railways signed an agreement for the Doubling of Hotgi-Kudgi section of South Western Railway Under Customer Funding Concession.
NTPC has agreed to finance the cost of construction of the Rail System under the Customer funding model of Ministry of Railways Policy of participative model for rail connectivity. NTPC has deposited Rs. 946 crore with South Western Railway towards the cost of doubling of railway section between Hotgi – Kudgi (134 km).
The section between Hotgi – Kudgi (134 km) consists of 10 Block Stations 08 Major bridges and 02 important bridges on river Don and River Bheema. The work for the doubling has already been started by South Western Railway and the project is targeted for completion by March’2020. The Augmented Rail Infrastructure apart from catering to the coal transportation requirements of 4000 MW Power project of NTPC s also expected to give big fillip to the economic activities of Northern
Karnataka.
The agreement was signed by Shri A.S.Rao, CTPM (Chief Traffic Planning Manager) on behalf of SWR and by Shri. Harbans Singh, Group General Manager on behalf of NTPC- Kudgi in the presence of Shri P.K.Saxena GM-SWR. Senior officials of NTPC and SWR were present on the occasion.
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24