India’s Adani Group announced an investment of approximately ₹63,000 crore ($7.17 billion) in two significant energy projects in Assam, northeastern India. Among these is the region’s largest privately owned coal-fired power plant with a capacity of 3,200 MW. Adani Power secured the project as the lowest bidder for a 3.2 gigawatt coal power tender issued by the Assam government. The ultra-super-critical thermal plant will be developed under a Design, Build, Finance, Own and Operate model, with commissioning planned in phases starting from December 2030. Additionally, Adani Green Energy will invest in pumped storage plants totaling 2,700 MW capacity, supporting the integration of renewable energy and grid stability in the region. These projects are expected to significantly boost Assam’s energy infrastructure, create thousands of jobs, and contribute to economic growth in the Northeast.
NSE’s Electronic Gold Receipts Could Change How India Invests in Gold
The National Stock Exchange (NSE) has introduced Electronic Gold Receipts (EGRs), a new digital framework designed to transform how Indians buy, hold, and trade gold. The initiative marks a major step toward...
