Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The government declared that the Sri Lankan Cabinet decided to grant a contract for $17 million to a company that will install roof-mounted solar panels for houses of worship using an Indian grant. A Cabinet note stated that this would be financed by the $100 million loan given by the State Bank of India.
The company under focus had been selected from six bids received by different parties for the implementation of the project. Since the state power entity introduced a cost recovery tariff system last year as part of hard economic reforms in the bid to recover from the economic crisis, religious sites have been complaining about the high cost of monthly electricity bills. India declared the $100 million line of credit for projects in the solar energy sector in June 2021.
Also Read : JSW Steel to Invest ₹50,000 Cr for Green Steel Push in Europe TRA recommends 40% country-specific quota caps on select steel products.
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