Archives September 2023

Dr. Biswaroop Roy Chowdhury launches book titled When Cure is Crime…

Dr. Biswaroop Roy

New Delhi, September 29, 2023: Hospitals and Institute of Integrated Medical Sciences (HIIMS) held a highly anticipated press conference at the LTG Auditorium in New Delhi on Thursday. The event marked the launch of book titled “When Cure is Crime,” authored by the renowned expert in integrated medical sciences, Dr. Biswaroop Roy Chowdhury.

The conference was honored by the presence of Shri Ashwini Upadhyay, Advocate, Supreme Court of India – ‘PIL Man of India,’ who shared his profound insights on the convergence of law and healthcare. Dr. Biswaroop Roy Chowdhury, a prominent figure in the realm of integrated medicine, shared with audience the remarkable case studies that showcased patients who have achieved freedom from Dialysis (CKD), Insulin (Diabetes Type 1), and Blood Transfusion (Thalassemia) through innovative and unconventional medical approaches. The event served as a platform for attendees to gain profound insights into revolutionary medical breakthroughs that challenge conventional healthcare norms.

The highlight of the event was the unveiling of Dr. Biswaroop Roy Chowdhury’s latest book, “When Cure is Crime.” This book promises to reshape our understanding of healthcare by shedding light on unconventional treatments that have successfully transformed the lives of patients. Dr. Chowdhury’s book offers a fresh perspective on the possibilities of medical science, challenging the status quo and inspiring a new wave of thought in the healthcare community.

Dr. Biswaroop Roy Chowdhury said, “Even though we got our freedom in 1947, we’re still too dependent on foreign medicines today. Medicines have become a big part of our lives, but it’s important to know that the laws about medicines, called the Drugs and Medicine Act, were made by the British a long time ago. Now, these laws are stopping us from using our own ancient Indian health methods, which can often work better than modern medicines. In my new book, I want to share this knowledge with all my patients who’ve gotten better using GRAD (Gravitational Resistance and Diet). In the book, you’ll find QR codes that you can scan to see detailed medical reports, proving that these methods really work. GRAD, which includes things like hot water treatments, has helped cure problems like chronic kidney disease and both types of diabetes. In the book, my patients, both young and old, share their stories of getting better, showing that true health freedom is possible.”

Acharya Manish Ji, founder of HIIMS, gathered attention over the importance of embracing traditional methods for treating various types of diabetes, citing a report that highlights the potential of such approaches. He also underscored the need for a transformative change in the education system, advocating for the compulsory inclusion of Ayurvedic studies in every school curriculum across India. He urged students to learn about Ayurveda, and he called upon the government to take action in making this vital knowledge accessible to all.

Shri Ashwini Upadhyay, Advocate, Supreme Court of India – ‘PIL Man of India,‘ echoed these sentiments, adding, “The existing Drugs and Magic Remedies Act of 1954 needs a thorough reevaluation. If the government doesn’t take the necessary steps, I am prepared to challenge it in court. Our healthcare system should embrace our traditional methods and provide them the recognition they deserve.”

He further emphasized, “Modern medicine, while effective in many ways, can sometimes be a destructive system. Naturopathy, with its focus on natural remedies and holistic approaches, should be promoted as the primary health treatment system.”

Dr. Biswaroop Roy Chowdhury made a compelling presentation, sharing his extensive research and the success stories of his patients who have experienced remarkable recoveries through unconventional medical methods. Attendees were provided with a unique opportunity to engage directly with the author during interviews and Q&A sessions, gaining a deeper understanding of his groundbreaking research and the transformative potential of integrated medicine.

MEIL Secures third project in Mongolia…

MEIL MD 1

Mongolia (Ulaanbaatar), September 29, 2023: Hyderabad-based engineering firm Megha Engineering and Infrastructures Limited (MEIL) has clinched a significant deal in Mongolia. The company received a Letter of Agreement (LOA) for constructing a state-of-the-art crude oil refinery plant valued at USD 648 million from Mongol Refinery State Owned LLC.

Today, MEIL hydrocarbons president Mr. P. Rajesh Reddy and Dr. Altantsetseg Dashdavaa, executive director representing the Mongol Refinery State Owned LLC, inked the new project in a contract signing ceremony at Ulaanbaatar in Mongolia. MEIL Managing Director Mr. P.V. Krishna Reddy, top officials, dignitaries, and representatives from both countries attended the event.

Speaking at the signing event, MEIL Managing Director Mr.P.V. Krishna Reddy said, “For MEIL, which holds a prominent position in the global hydrocarbon sector, with a presence across upstream, midstream, and downstream operations and a track record of delivering onshore and offshore projects worldwide, the new venture marks the company’s third foray into the region.”

MEIL’s inaugural venture in Mongolia involves the construction of the country’s first greenfield Mongol Oil Refinery project, a significant undertaking. Within this refinery, MEIL is overseeing the construction of EPC-2, which encompasses Open Art Units, Utilities, Offsites, and plant buildings valued at USD 598.90 million. Additionally, MEIL is constructing captive power plants for the EPC-3 phase, valued at USD189.72 million. The company is using cutting- edge technology in the construction of all the projects. The value of the new EPC-4 project is USD 648 million. The total value of the three projects now is USD 1.436 billion.

Mr. P.V. Krishna Reddy added, “MEIL has a robust and comprehensive presence in all the sectors that form the backbone of modern society along with delivering end-to-end solutions. The projects we undertake are instrumental in shaping economic and social outcomes. As we embark on the EPC-4 construction of the crude oil refinery at the Mongol refinery, it signifies India’s commitment to supporting Mongolia’s economic growth and energy security and showcases the collaborative spirit between India and Mongolia.”

The significance of the new project extends beyond its financial value. It will diminish Mongolia’s heavy reliance on Russian oil imports, enhance its energy security and reduce its vulnerability to fluctuations in international oil markets. In addition, it will generate employment opportunities, bolster the growth of nearby small industries, and contribute to Mongolia’s economic development in the future.

In the Engineering, Procurement, and Construction (EPC) deal of the USD 648 million project, MEIL will build the following components in EPC-4 Diesel Hydrotreater Unit (DHDT),

Hydrocracker Unit (HCU), MS Block (NHT / ISOM / SRR), Visbreaker Unit (VBU), Hydrogen Generation Unit (HGU), Sulphur Block ( SRU / ARU / SWS), LPG treating unit, hydrogen compression and distribution – matching, plant buildings- satellite rack rooms and sub-stations. In addition, MEIL will also build utility and offsite facilities and other enabling facilities.

This Mongol Refinery project is a Government-to-Government (G2G) initiative. Upon completion, the refinery is expected to produce 1.5 million tonnes of crude oil annually, catering to Mongolia’s domestic demand for gasoline, diesel, aviation fuel, and LPG.

With an AA+ robust credit rating, MEIL is India’s first private company that manufactures advanced indigenous oil drilling rigs globally. It has its presence in Belgium, Italy, Chile, Houston-USA, and now East Mongolia. In the hydrocarbon sector, the company takes up designing, procuring, and constructing vital facilities such as separation units, crude distillation and desalting plants, gas dehydration facilities, gas compression installations, gas power generation setups, storage tank systems, hydrocarbon effluent treatment solutions, and both structural and process plant piping, among other critical components.

The Mongol Refinery is a challenging project, and it is being executed under extreme climatic conditions, with temperatures ranging from (-) 35 degrees C to (+) 40 degrees C.

DailyRounds & The/Nudge Institute Joins Hands to End Ultra Poverty in 400 Households of Rural Jharkhand

DailyRounds & TheNudge

Mumbai, 29th September 2023: The/Nudge Institute, a non-profit organization dedicated to eradicating poverty in India, joined hands with DailyRounds, India’s largest academic network of doctors, for their ‘End Ultra Poverty Program’. Through this program, they aim to empower women from ultra-poor families by building sustainable local livelihoods to help them break the ultra-poverty cycle. With this partnership, they aim to create a sustainable livelihood for 400 women from rural communities in the Latehar and Lohardaga districts of Jharkhand, over the next three years.

By targeting marginalized women and families in Jharkhand’s rural and underserved regions, the collaboration represents a significant step forward in addressing the pressing issue of ultra-poverty. The houses are shortlisted on different criteria, post which they are provided with grants and asset transfers. Goatery and Piggery has been the chosen livelihood activity for women in the selected households based on the market opportunity. The women will also be trained in practical implementations of livelihood activities, income savings, and village marketplaces.

While commenting on this initiative, Mr. Vineet Bagri, the CEO of DailyRounds said, “Since our beginning, with our efforts at DailyRounds & Marrow, we’ve been creating a positive impact on the healthcare sector of India. However, the satisfaction of being on the ground, directly involved, and effecting change in 400 households, thus positively influencing over 1000 lives, is truly remarkable. Our commitment to creating a positive influence on those around us has always been at the core of our brand’s efforts. We take pride in the fact that our partnership with The/Nudge allows us to uphold this principle and continue making a difference”.

The End Ultra Poverty Program, based on the graduation model pioneered by BRAC, is one of the very few evidence-based programs that have been proven to reach – and empower – those living in ultra-poverty over a sustained period. Since the inception of the ‘ultra poor programme,’ The/Nudge has managed to handhold and train over 7,500 women across India, aiding them in overcoming ultra-poverty.

“Jharkhand is India’s second poorest state, where a significant number of households struggle to eat two square meals a day. The lack of land, water resources and livestock compounds the problem. We thank DailyRounds for recognizing this critical need to serve the poorest of the poor, and partnering with The/Nudge Institute (Centre for Rural Development) to enable 400 women-led households in building livelihoods,” said AtulSatija, Founder and CEO of The/Nudge Institute.

DailyRounds has dedicated nearly 6 crore to impactful Corporate Social Responsibility (CSR) initiatives this year. Notably, the company has allocated over 60% of its CSR funds from the previous year to support this initiative by Nudge for a 3-year period. The program’s progress and outcomes will be regularly monitored and evaluated to ensure desired impact. The company also has other CSR efforts in the pipeline, in the areas of education and healthcare research.

Strategies for Hotel Price Negotiation

The ability to negotiate the best rate for a hotel room can both save you money and improve your trip experience. Whether you’re organizing a business trip or a leisurely vacation, using smart bargaining strategies can have a big impact on your travel budget. In this article, we’ll go through a variety of tactics and approaches for haggling hotel rates so you may get the best deal possible.

1. Investigation and Planning

It’s important to investigate the hotel and learn about their rates before you start negotiating. Utilize social media, internet booking services, and travel websites to learn about the normal pricing range for the hotel during the chosen dates. You will have a starting point for negotiation if you are aware of the average prices.

2. Timing Is Critical

Timing is crucial when negotiating hotel rates. Try to make your reservations during off-peak times at the hotel since this will give you much more negotiating power. When hotels have empty rooms, especially during the week or outside of the busiest travel times, they are more inclined to offer special deals and incentives.

3. Make use of loyalty initiatives

Make sure to bring up your participation in the hotel’s loyalty program or frequent guest status while negotiating the price. Exclusive discounts, accommodation upgrades, and other benefits that can improve your stay are frequently given to loyal customers.

4. Be Courteous and Polite

Keeping a kind and respectful attitude is crucial when negotiating. Keep in mind that if you are nice to deal with, hotel staff are more likely to meet your wishes. Developing a good relationship can result in greater offers and upgrades.

5. Adjustable Dates

If you can be flexible with your travel dates, you may be able to negotiate a better price. If your schedule permits, ask about potential alternate dates when hotel prices can be less expensive. If you’re ready to shorten your stay by one or two days, you could save a lot of money.

BIDINN’s founder, Ms. Rupsi Singh, claims
Research, timeliness, and interpersonal abilities are all necessary when haggling over hotel room rates. You may improve your chances of getting the best deal on your hotel stay by utilizing these techniques and tactics. Recall that hotels frequently agree to reasonable demands, so being a shrewd negotiator can result in a more pleasurable and cost-effective travel experience. Travel safely!

TIFF partners with the SSA to Support Universal Access to Sports and Physical Activity

TIFF partners with the SSA

Bengaluru, 29th September 2023: The Isaac Family Foundation, a philanthropic organisation created by the Founder & Chairman of Quess Corp, Mr. Ajit Isaac, announced its partnership with the Sports and Society Accelerator (SSA) at an event jointly hosted by both organisations at the Bangalore International Center (BIC). With a commitment to fostering universal access to sports and physical activity by 2047, this partnership is backed by a contribution of INR 3.5 crores by Mr. Ajit Isaac, which will be disbursed over a period of three years. This aims to expand SSA’s research, policy, and program initiatives to ensure every Indian, both young and old, leads an active and healthy life.

The event’s main focus was on highlighting the importance of physical activity and fitness. The panel discussion was titled, ‘Why Physical Activity Matters’, and it featured icons and stalwarts like Swetha Subbiah (Co-Founder, Sisters in Sweat), Saumil Majmudar (Co-founder & Group CEO, SportzVillage), Anisha Padukone (CEO, The Live Love Laugh Foundation), and Dilip Kumar (Marathoner and Investments, Rainmatter Foundation).

Speaking on the collaboration, Mr Ajit Isaac said, “A measure of society’s success lies in its ability to uplift those at the periphery and integrate them into the mainstream. This perspective has been the driving force behind the Foundation’s efforts to identify and support those who face disadvantages. Sports fosters discipline, teamwork, and resilience in children, moulding them into well-rounded individuals ready to face life’s challenges. For adults, it is the key to longevity, vitality, and mental well-being. Investing in sports initiatives inspires a culture of fitness, inclusivity, and aspiration. Through this commitment, we can build healthier bodies and stronger communities, where physical vitality is cherished as a cornerstone of a fulfilling life.”

Commenting on the occasion, Mr. Desh Gaurav Sekhri, Co-founder SSA, said, “We are thrilled to welcome Mr. Ajit Issac to SSA’s Founder’s Circle of grantors. We are proud to have him as an anchor donor, and through his contribution, we aim to deliver the social and economic value of sport and physical activity to every Indian. Sports and physical activity should be treated as a preventive health measure that has the power to create a social impact and should be considered a national priority. Through such donations, we have catalyzed positive change, breaking down barriers to access and enhancing the quality of life for countless individuals.”

The event was organized as a part of the Mission 100 initiative by SSA. Mission 100 aims to achieve universal physical activity in India by 2047, the centenary of India’s independence. It seeks to create a paradigm shift where physical activity becomes a form of self-care, fostering good health and effective leadership. The primary beneficiary of the INR 3.5 Cr would be the general public involved, specifically those interested in physical activity. SSA also works with State and Central Governments to define sports-related policies. Through its initiatives such as the Active India Innovation Lab, SSA also provides policy and capacity support to NGOs. SSA’s Founder’s Circle of Grantors also includes industry stalwarts like Mr. Ashish Dhawan, CEO of The Convergence Foundation. The first edition of the ‘State of Play’ report on physical activity and sport in India is set to be published in February 2024.

byteXL and Parul University collaborate to create highly skilled talent for the IT industry

byteXL and Parul University

Hyderabad, 29th September 2023: byteXL – one of the leading IT skilling partners for Engineering Colleges in India, and Parul University, a leading educational university from Vadodara (Gujarat) have announced the launch of a new course – B.Tech Computer Science. The newly launched course, spread over 4 years, integrates the latest industry insights and practices, facilitated by byteXL’s collaboration with Microsoft. This course is aimed at equipping students with a comprehensive understanding of core computer science concepts, practical skills in utilizing cutting-edge technologies, and the ability to solve real-world problems in various domains. This will assist in raising students’ Employability Quotient and making them more relevant for hiring by technology companies. byteXL has specially created an ‘Industry-Relevant Curriculum’ for students opting for this course through a combination of Parul University’s academic faculty’s expertise with the insights and guidance provided by Microsoft. The curriculum now encompasses the latest advancements in computer science, including emerging technologies like Artificial Intelligence, Data Science, Cloud Computing, Cyber Security, and Software Engineering.

This new course is part of an MoU signed between byteXL and Parul University wherein both the edtech platform and the university aim at sharing core competencies and resources. byteXL is fostering existing skills and helping develop new skill sets in accordance with the fast-paced evolution of coding. Collaboration with Microsoft is also a booster in the course launch as byteXL’s vision is to integrate the latest industry insights, equip students with a comprehensive understanding of core computer science concepts, practical skills in utilizing cutting-edge technologies, and the ability to solve real-world problems in various domains. Practical skills development will be offered through project-based learning to assist students in developing hands-on skills highly sought after by employers. Industry mentorship and guest lectures from Microsoft professionals will provide mentorship to students in understanding real-world applications and gaining insights into industry trends, challenges, and best practices.

Commenting on the new course launch, Mr. Sricharan Tadepalli, Co-Founder & CSO, byteXL said, “As a part of our vision to transform engineering education in the country with industry-relevant curriculum, this new course offered in collaboration with Parul University will ensure that students are equipped with the knowledge and skills necessary to address the evolving needs of the technology sector. We envision changing the placement landscape and the general academic and training quality for the students. We are sure this course with Parul University is a step in the right direction to bridge the industry skill gap.”

“We at Parul University have been quite keen on developing highly relevant curriculums for our students. We are glad that now with byteXL, the students have an upskilling platform right at the university, so they can stay updated with the latest industry trends. As a university, we will provide all the facilities, infrastructure, knowledge, and support system to back their training as well. I am sure this collaboration and this course introduction will open new avenues for our students,” said Mr. Santosh Nair – Managing Director, Industry Collaborations & Academic Strategies, at Parul University.

Under the new course, students will also get quality internships and career placement support facilitated by byteXL. Career placement support services will also be provided through campus recruitment drives, resume-building workshops, networking events, etc.

byteXL, with expertise in the edtech space also recently signed an MoU with AICTE and will be part of the Government’s advisory board discussing and recommending solutions in tech skilling. Having partnered with 100+ colleges across 7 states in India to skill 1.2 lac students, the company has a strong connection with the colleges on-ground across tier I, II, and III cities and has a strong grasp of the college’s individual needs and necessities. The company will also share its suggestions on updating the curriculum development and on inculcating courses attuned to the needs of the Tech Industry. byteXL is currently also working with 22 colleges under its Campus Transformation initiative wherein it is working towards operational excellence, curriculum transformation, better placements, and other allied services to enhance the quality of education and overall experience for the students, management, faculty, and recruiters at these colleges.

Karnataka investors prefer equity category funds over debt category funds: Tata Asset Management

Karnataka| 29th September 2023 The equity mutual funds have witnessed a net inflow of Rs.20,245.26 crore in August 2023, according to the Association of Mutual Funds in India (AMFI) data. The same AMFI data suggests within the equity mutual fund category, the small-cap category saw inflows of Rs 4,264.82 crore while sectoral/thematic funds saw inflows of Rs 4,805.81 crore, and the multi-cap category witnessed Rs 3,422.14 crore inflows. Overall, the mutual fund industry in India reported total assets under management (AUM) of Rs 46.63 lakh crore i.e. including the close-ended schemes as per the August AMFI data.

As the size of mutual funds (MF) assets grows in India, we find a pattern where a few states continue to prefer equity MF schemes over non-equity schemes. Investors in Karnataka for example have shown an inclination for equity mutual funds over non-equity. As of August 2023, 54% of the investments from the state of Karnataka are parked in equity schemes while 38% is parked in debt & liquid schemes and 5% in balanced funds. Investors in Karnataka have parked almost Rs. 3,21,540.16 crore in mutual funds.

For Tata Mutual Fund, 49% of AUM comes from equity schemes, 38% from debt & liquid schemes and 14% from balanced schemes in Karnataka according to August AMFI data.

Within the equity category, there is inclination amongst the investors towards thematic funds such as Tata Housing Opportunities Fund which is an open-ended equity scheme following housing theme. It may be noted here that the Tata Housing Opportunities Fund falls under very high-risk category.

Tejas Gutka,

According to Tejas Gutka, Fund Manager, Tata Asset Management, “At Tata Asset Management, our focus is on the investment process and disciplined approach to investing. We adopt the Growth at Reasonable Price (GARP) approach to investing across our MF schemes including Tata Housing Opportunities Fund. The GARP approach allows us to bet on high quality shares and at the same time ensures that the quality shares are bought at reasonable price. We believe there are multiple opportunities at this point of time in the broad markets which can see strong growth as well as re-rating and we are trying to capture them in our Tata Housing Opportunities Fund. As the demand for housing increases, so does the demand for products that go into building a house.

For Tata Housing Opportunities Fund the aim is to build a portfolio by identifying entities within the list of basic industries (as per AMFI classification from time to time) under Housing theme that may have potential for meaningful growth, and which may have a sustainable competitive advantage.”

Disclaimer: The views expressed in this article are personal in nature and in is no way trying to predict the markets or to time them. The views expressed are for information purpose only and do not construe to be any investment, legal or taxation advice. Any action taken by you on the basis of the information contained herein is your responsibility alone and Tata Asset Management Pvt. Ltd. will not be liable in any manner for the consequences of such action taken by you. Please consult your Mutual Fund Distributor before investing. The views expressed in this article may not reflect in the scheme portfolios of Tata Mutual Fund. The view expressed are based on the current market scenario and the same is subject to change. There are no guaranteed or assured returns under any of the scheme of Tata mutual Fund.

10th IME 2023 to usher International Exhibitions and Conferences to focus on key industrial sectors

Bengaluru 29th September 2023 : The 10th edition of the four-day International Mining, Equipment & Minerals (IME 2023) is scheduled to begin on November 6, 2023, at Kolkata where participants from more than 30 countries.

Concurrently, the 10th Asian Mining Congress will provide a forum to promote and advance techno-scientific cooperation towards national and international progress in the areas of mineral production, in addition to the development of new opportunities of sustainable business that will benefit both Asian and Global Mining Communities.

The International Exhibition will also showcase Alternate Energy sources, Electric Vehicles along with Mining, Minerals, and allied industries.

The theme of this year’s Mining Congress – “Roadmap for Best Mining Practices vis-à-vis Global Transformation”- is likely to brainstorm on best mining practices taking stock of the recent developments, availability of state-of-the-art technologies, equipment and relevant cutting-edge innovations, including digital transformations in the sector.

The event is expected to be inaugurated by the Hon’ble Minister of Coal Mines & Parliamentary Affairs, Govt. of India in the presence of Foreign Trade Commissions and several other senior officers from the Central & State Governments.

Organizations from such mega sectors as Steel, Metallurgy, Construction – equipment, materials, Alternate Energies sources, and Electric Vehicles along with Mining, Minerals and allied industries, will participate in the event.

Organized by TAFCON along with MGMI, the event expects 25,000 high-value business visitors, close to 15,000 trade visitors, and 1,000 delegates

besides several trade delegations from Australia, China, Czech Republic, Germany, Poland, Russia, Turkey, Iran, the UK, and USA.

Announcing the details of the mega international exhibitions and conferences, IP Wadhwa, Managing Worker, Tafcon Projects India Private Limited said, “This shall be the first ever platform slated to represent such varied sectors as Steel, Metallurgy, Construction – equipment, materials apart from Alternate Future Energy and Electric Vehicle segment”.

Billed as one of the breakthrough exhibitions and conferences of India, the mega four-day event will mark many related B2B meetings which will be held as concurrent events: IME – the flagship event ISME – International Steel and Metallurgy Exhibition, CEM – International Construction, Equipment & Materials Exhibition at the same venue.

This is of great significance considering that India is presently the largest crude steel producer in the world and construction is one among the key growth drivers.

With a global requirement for new advancement and initiatives in the Energy sector, these B2B Exhibitions promise to be a unique place for the increased international footfalls and businesses to flourish.

ONGC inks MoU with NTPC Green Energy Limited for Development of Renewable Energy Projects

Mumbai, 29th September 2023 Oil and Natural Gas Corporation (ONGC) inked a Memorandum of Understanding (MoU) with NTPC Green Energy Limited (NGEL) to realize its Renewable energy objectives towards energy transition on 27 September 2023. The MoU will primarily explore the feasibility and setting up of Renewable Energy Projects in various domains.

ONGC inks MoU

The MoU was signed by ONGC Executive Director Debdulal Adhikari (left) and CEO (NGEL) Mohit Bhargava in the presence of ONGC Chairman & CEO Arun Kumar Singh and NTPC Limited Chairman and Managing Director & CEO Gurdeep Singh.

The MoU envisages collaboration of the two mega entities in Renewable Power Projects in India and Overseas through offshore wind projects and exploring opportunities in the Storage, E-mobility, Carbon Credits and Green Credits, Nuclear, Green Hydrogen business and its derivatives (Green Ammonia and Green Methanol).

Tata Power Renewable Energy to set up 41 MW captive solar plant…

Bangalore, 29th September 2023: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar Limited (TP Solar)’s new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli, Tamil Nadu. The captive plant will help generate 101 million units of electricity and offset around 72,000 metric tonnes of CO2 emissions annually.

The captive solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA). TPREL has established TP Govardhan Creatives Limited, a specialized entity entrusted with the development, operation, and upkeep of this facility for TP Solar. TP Solar’s manufacturing plant is expected to start commercial production of cells and modules by FY 24-25. TP Solar Ltd., is a subsidiary of Tata Power Renewable Energy Limited.

Mr. Ashish Khanna, CEO, TPREL, said, “Green energy supply to our state-of-the-art 4.3 GW solar cell and module manufacturing facility from the captive solar plant is a shining example of our commitment to a sustainable transition to green energy. This arrangement will act as a model for all the upcoming solar component manufacturing facilities to source green energy for their production and the resulting domino effect will significantly contribute towards the country’s ambitious target of achieving 500 GW of non-fossil fuel-based energy capacity by the end of this decade.”

With this new captive solar plant, TPREL’s total capacity will expand to 7,877 MW including 3,720 MW of projects at different stages of implementation, and an operational capacity of 4,157 MW, comprising 3,154 MW solar energy and 1,003 MW wind energy.