Tata Motors & Japan’s NEDO develop power generation facility in Pune

Tata Motors’ Pune plant was selected for the project by the Government of India, the Government of Japan and NEDO, to produce power through clean environment technology

Tata Motors and the New Energy and Industrial Technology Development Organization (NEDO), Japan, today inaugurated an environment-friendly dual-fuel based power generation facility in the Tata Motors' Pune plant.

Tata Motors' Pune plant was selected for the project by the Government of India, the Government of Japan and NEDO, to produce power through clean environment technology. To drive this project, a memorandum of understanding was signed between the Government of India, the Government of Japan, NEDO and Tata Motors.

Teams from Tata Motors and NEDO jointly worked on the project for two years. Two 2.5MW diesel electric power generators sets were identified for conversion into dual-fuel generators, using natural gas as the main fuel and diesel as the pilot fuel. The project has become successful for operating diesel generator sets on natural gas and light diesel oil.

The Tata Group has embarked on a journey to reduce its cumulative carbon footprint. Changing over from existing liquefied fuel to clean burning gaseous fuels will help in reducing 3,770 tonnes of carbon dioxide in a year, and is a step towards helping the Tata group reduce its carbon footprint.  

On Wednesday, Tata Motors ended 0.14% up at Rs1,028.40 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.55% to 18,394.29.

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ARSS Infrastructure wins two orders worth Rs207.46 crore from MP govt

The timeline for the completion of both the orders is 24 months each

Bhubaneswar-based ARSS Infrastructure Projects said that it has won two new work orders.

The first order is for re-construction of Manawar-Mangod (Bandheri) Road and Sardarpur-Rajgarh-Bagh Road: Package No.04 under MPSRP-III worth Rs117.70 crore. ARSS Infrastructure has won this contract from Madhya Pradesh Road Development Corporation Ltd (MPRDC).

The other order is for re-construction of Hata-Patera-Kumhari & Rajpura-Saliya-Bahuriband-Sehora Road: Package No.10 under MPSRP-III worth Rs89.75 crore from MPRDC.

The timeline for the completion of both the orders is 24 months each. Having bagged these orders, the total order book of the company is in tune of over Rs5,500 crore.

On Wednesday, ARSS Infra ended 1.76% down at Rs449.15 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.55% to 18,394.29.

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Finance ministry sets up another panel on black money

The committee, set up by Central Board of Direct Taxes in the finance ministry, will also look into the possibility of putting the list of ‘chronic defaulters’ in public domain

New Delhi: Facing flak from civil society for not doing enough to deal with the menace of black money, the government on Wednesday announced setting up of another panel to suggest ways to trace tax defaulters, reveal their identity to the public and recover taxes.

The committee, set up by Central Board of Direct Taxes (CBDT) in the finance ministry, will also look into the possibility of putting the list of ‘chronic defaulters’ in public domain, reports PTI.

The announcement comes on a day when social rights activist Anna Hazare is sitting on a day-long fast at Rajghat to protest against the police excesses on followers of yoga guru Ramdev last Saturday.

Mr Hazare has spearheaded the agitation for enacting a Lokpal Bill to tackle corruption at high places.

The committee, headed by Anita Kapur, Director General of Income Tax (Admn), will suggest ways to recover tax demand from assessees who are not traceable.

It will also examine the possibility of engaging outside agencies to locate non-traceable assesses and their undisclosed assets.

Last month, the government had set up a high-level committee to suggest a legal framework for confiscating black money and declaring it a national asset.

Besides, a study has also been instituted to quantify unaccounted income and wealth stashed within and outside the country.

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