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Arunachal Pradesh approves SGST reimbursement for hydro projects

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The Government of Arunachal Pradesh has approved State Goods and Services Tax (SGST) reimbursement concessions for two major hydroelectric projects: the Subansiri Middle (Kamala) Hydro Electric Project and the 700 MW Tato-II Hydro Electric Project. Both projects are being implemented through joint ventures. The Subansiri Middle project is led by NHPC Limited, while the Tato-II project is managed by North Eastern Electric Power Corporation Limited (NEEPCO). The Government of Arunachal Pradesh holds a 26% equity…

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Telawne Power receives investment from Ramesh Jaisinghani and Mastermind JPIN

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Telawne Power Equipments Pvt Ltd secured a Rs 200 million equity infusion to accelerate growth and technological innovation. The investment came from Ramesh Jaisinghani, Promoter of Polycab India Ltd, through his family office Vyom, and Mastermind JPIN. Both investors contributed Rs 100 million each. Managing Director Rakesh Telawne highlighted that this partnership strengthens the company’s financial position and supports its vision of adopting advanced technologies in the transformer manufacturing industry. Director Aboli Telawne added that…

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Polycab India records 12% growth in wires and cables business in Q3 FY25

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Polycab India Ltd reported a 12% YoY growth in its wires and cables segment for Q3 FY25. While cable demand remained strong, copper price declines and high channel inventory led to a slowdown in the wires business.  The international segment saw a remarkable 62% YoY growth, contributing 8.3% to total revenue. EBIT margins rose by 120 basis points QoQ to 13.5%, driven by normalised wires margins and the international business’ strong performance. The EPC business…