Tag: CMD

Business

Global Wind Day: CMD, IREDA Emphasizes Innovative Financing Solutions for Wind Energy Adoption

Jun 17, 2024 by Sujata Muguda 0 Comments #CMD, #EPC’s, #Global Wind Day, #Global Wind Day celebrations, #India's journey towards energy transition, #Indian Renewable Energy Development Agency Ltd., #IREDA, #IREDA Emphasizes Innovative Financing Solutions, #Manufacturers, #Mumbai, #Shri Pradip Kumar Das, #Wind Energy Adoption

Mumbai, 17th June 2024; Shri Pradip Kumar Das, Chairman & Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), participated in a panel discussion on “Accelerating Onshore Wind Energy Adoption in India” as part of the Global Wind Day celebrations – Pawan-Urja: Powering the Future of India. The event was hosted by Ministry of New & Renewable Energy today at the Lalit, New Delhi.

Group photo

During the discussion, Shri Das offered valuable insights into India’s journey towards energy transition and underscored IREDA’s crucial role in advancing renewable energy adoption within the country via innovative financial products like Project Specific Funding for EPC’s, manufacturers, Suppliers, Guarantee Assistance schemes including Letter of Comfort and Payment on Order Instruments which provide one-stop solution to the project developers reducing the overall turnaround time for project developments.

He further emphasised the contributions of IREDA as the largest pure-play Green Financing NBFC in the country providing cost-effective financing to the entire value chain of the RE project installation and development.

Shri Das highlighted IREDA’s all-time efforts towards an overall reduction in financing costs through faster sanctioning of financing facilities and timely disbursements, leading to early commissioning of the RE projects, and an automatic reduction in financing costs as a result of reduction in IDC and early revenue flows.

Highlighting IREDA’s best corporate governance practices, CMD underlined the exemplary reductions in net NPA’s from 7.18% to as low as 0.99% in the last four years. He encouraged the participants from RE industry to ensure best quality corporate governance in the process and procedures to ensure optimal risk mitigation in the Renewable Energy development in India.

Shri Das reaffirmed IREDA’s commitment to sustainable corporate governance, transparency, and accountability, introducing innovative solutions that have already been proven to be a benchmark from IREDA in the financing sector for the overall growth of renewable energy and wind power in the country.

Business, News

Shri Faggan Singh Kulaste, Hon’ble Union Minister of State for Steel and Rural Development Govt. of India reviews performance of NMDC Limited

Aug 26, 2021 by Rekha Nair 0 Comments #CMD, #Govt. Of India, #Hon’ble Union Minister of State for Steel and Rural Development, #NMDC Limited, #NMDC Shri Sumit Deb, #Shri Faggan Singh Kulaste

Shri Faggan Singh Kulaste, Hon’ble Union Minister of State for Steel and Rural Development, Govt. of India visited the Head Office of NMDC Limited at Hyderabad on 25.08.2021. The Minister met CMD, Directors and Senior Officials of the company and reviewed NMDC’s performance.

Shri Kulaste said, NMDC is one of the largest mining companies in India and has been the backbone of the steel industry ensuring raw material security to steel producers. He appreciated NMDC’s efforts for carrying out sustainable and responsible mining and also showed keen interest in ongoing expansion projects and congratulated NMDC for its comprehensive CSR initiatives.

Earlier CMD, NMDC Shri Sumit Deb welcomed the Minister and stated that this is the second visit of Shri Kulaste to NMDC Head office and also apprised the Minister about NMDC’s performance, the progress of ongoing projects and assured that best efforts are put to enhance production and productivity.

Health, News

BDR Pharmaceuticals announces license agreement with DRDO for manufacturing Covid-19 Drug 2-DG in India

Jul 26, 2021 by Rekha Nair 0 Comments #BDR Pharmaceuticals, #CMD, #COVID-19, #Mr. Dharmesh Shah, #The Defence Research and Development Establishment (DRDE)

Mumbai: BDR Pharma, one of India’s leading generic pharmaceutical companies, has received an approval and signed a license agreement with the Defence Research and Development Establishment (DRDE) and the Institute of Nuclear Medicine and Allied Sciences (INMAS) of the Defence Research and Development Organisation (DRDO) for the manufacturing, distribution, and marketing of 2- Deoxy-D-Glucose (2-DG) in India. Last month, the Drugs Controller General of India (DCGI) approved the oral medication for emergency usage as adjuvant therapy in mild to severe Covid-19 patients.

The Defence Research and Development Establishment (DRDE) in Gwalior had produced 2-DG. The clinical trials were carried out in collaboration with Dr. Reddy’s Laboratories by the Institute of Nuclear Medicine and Allied Sciences (INMAS), a DRDO lab. After receiving positive responses in Phase-II and Phase-IIb trials, DCGI permitted 2DG phase-III trials in November 2020. The Phase-II trial, which lasted from December 2020 to March 2021, enrolled 220 patients. The medicine was discovered to speed up the recovery of COVID-19 patients in hospitals and to lessen the need for supplementary oxygen in COVID-19 patients.

Commenting on the development Mr. Dharmesh Shah, CMD, BDR Pharmaceuticals, expressed, “We are pleased to secure a license from the DRDO and add 2-Deoxy-D-Glucose to our Covid product offering. This arrangement aims to ensure that this drug reaches as many eligible Indian patients as possible who are suffering from the devastating pandemic. Our aim is to ramp up the availability of successful treatment and coordinate manufacturing so that there is no scarcity of drugs to give to people fighting the disease. We expect that by widening and deepening the identification and development of COVID-19 therapy options, this collaboration can address more unmet medical needs.”

This collaboration will improve local treatment options and positively impact the lives of COVID-19 patients in India. Clinical trial data supplied by the government based on the emergency approval demonstrated that the chemical aids in the speedier recovery of Covid-19 patients and minimizes their reliance on supplementary oxygen. In addition, the medication builds up in virus-infected cells and stops viral manufacturing and energy production, preventing the virus from spreading.

The product will be priced competitively and will be available in powder form in a sachet that can be consumed orally after being dissolved in water.

BDR has applied to the Drug Controller General of India (DCGI) for restricted emergency use authorization to manufacture Drug 2-DG to treat COVID-19 patients in India. For the development of 2-DG drugs, the DRDO has recently signed agreements with four major Indian generic medicine producers.

Business, News

Sale of plots picking up pace, likely to breach 2020 mark sooner

Jul 26, 2021 by Rekha Nair 0 Comments #Ajnara India Ltd., #Ashok Gupta, #CMD, #Deputy MD, #Dhiraj Jain, #Director, #Executive Director, #Mahagun Group., #MRG World, #Prateek Mittal, #Sushma Group, #Vikas Garg

According to insider reports, the number of plots sold since 2019 has been declining; however, this year, the progress has been good and plots’ sale is likely to breach the 2020 figures at the end of the second half of 2021. Realty experts say that the in 2020 the sale of plots came down to 50% compared to 2019, but post pandemic the situation has improved with people coming out invest in plots from end-user perspective as well as investors.

“The market is booming, and based on the flow of people, it’s worth noting that having a plot near a financial centre can help you earn a good return. Although prices are now low, they are expected to rise as the economy recovers from a major setback caused by the COVID issue. The flow of people towards places with the best health facilities and work possibilities will increase, and these metros will become goldmines for those who have purchased plots,” says Prateek Mittal, Executive Director, Sushma Group.

Realtors feel that the increased sale of plots attests that post-pandemic people have started looking for independent pieces of land where they can spend a healthy and secure life. The plots launched by reputed developers are the first choice as they add credibility and promise a better lifestyle in gated communities. Throwing light on the trend of plotted developments, Dhiraj Jain, Director, Mahagun Group, says “Many reputable developers are now active in plotted development projects across the country, and demand has always been strong. Builder-planned communities provide the infrastructure needed to begin living and offer a good return on a patient long-term investment.”

Real estate brokers say that more than 11,000 units were launched in the first half of 2021 in top cities compared to around 16,000 in 2020. Maximum units were launched in Chennai, Bengaluru, and Hyderabad; the Delhi NCR market witnessed the launch of more than 600 units in the first half compared to around 1100 in 2019. “Plotted development investment is a time-honoured tradition in India, and COVID-19 has bolstered demand for plotted development as a long-term investment. Buyers are looking for developments like this in gated communities to expand on and utilise as separate residences. Plotted developments by well-known developers are constantly in demand, and they promise a solid return on investment. The value proposition, however, is dependent on the geography and infrastructure,” adds Ashok Gupta, CMD, Ajnara India Ltd.

Buyers have long been torn between living in an apartment or on separate floors; the dilemma is deciding between having your patio and sharing utilities with others. “However, having a yard in a metropolis is a pipe dream due to land scarcity and high prices. As a result, developers are launching a slew of plotted development projects in Metro’s outskirts; these projects prove to be rather popular, especially in the post-pandemic age, when people crave more space. Authorities plots are always safe; if a private developer is launching a planned development project, one should always choose reputable developers,” says Vikas Garg, Deputy MD, MRG World.

Business, News

Realty market remain stable in Noida

Jun 28, 2021 by Rekha Nair 0 Comments #Ajnara India Ltd., #Ashok Gupta, #CEO, #CMD, #Dhiraj Jain, #Director, #Mahagun Group., #MD, #Migsun Group, #Sunworld Group, #Vijay Verma, #Yash Miglani

The market in Noida has been doing extremely well since Unlock 1.0, and it picked up pace in January-March 2021. However, the second wave brought a halt in activities for a shorter duration but the sales figures are encouraging as there is an increase in sales compared to the same period last year.

“The good thing is that the second wave has further cemented the people’s resolution to look for real estate assets. People are now seeking long-term financial security in real estate, which bodes well for the sales season. We expect that the real estate sector will pick up in two or three weeks from where it left after the first wave effects,” says Yash Miglani, MD, Migsun Group.

According to real estate experts, Greater Noida West, Sector 150, and Sector 43 in Noida, both near the commercial hub of Sector 137, remained popular for 2 BHK and 3 BHK flats. One of the key drivers in Greater Noida West was the availability of home units priced between Rs 35 and Rs 50 lakh. In Noida’s Sector 150 and 43, direct connection to the projected Jewar Airport and projects by well-known builders are seen as demand stimulators.

“Noida’s well-developed road network allows for speedier commuting, resulting in increased interest in the real estate market. Many homes will appreciate by 10% to 15% depending on their location and demand in that area. Once the Jewar airport is operational, the Yamuna Expressway will be a more popular destination than Noida,” says Ashok Gupta, CMD, Ajnara India Ltd.

The residential market in Noida and Greater Noida is continuing to grow. According to the realtors, Residential sales grew QoQ as a result of low home loan interest rates, new housing supply, and people’s persistent desire to purchase a home. Dhiraj Jain, Director, Mahagun Group, says, “Because nothing is more important than one’s well-being, and people are more aware of this than ever before, there is a tendency toward migrating to larger spaces. Noida’s prosperity is due to the image it has developed among the middle class. In the following months, we expect a tremendous response in the residential market since the momentum is unlikely to wane.”

The upcoming infrastructural developments are expected to stimulate the real estate market even further. Multi-level parking lots in Sector 3 and Sector 16A Filmcity, Shaheed Bhagat Singh Park, Biodiversity Park, a shooting range, and an indoor stadium in Sector 21A are among the infrastructure projects set to be completed this year. Then work on underpasses is underway on the combat front in various Noida sectors to improve traffic flow. The projects aim to improve inhabitants’ living conditions, which will directly influence the real estate market.

Buyers are increasingly lured to plots along the Noida-Greater Noida Expressway and the Yamuna Expressway, with the latter gaining traction due to the planned Film City and Furniture Park. The price of residential plots along the Yamuna Expressway has jumped by 10-15%. Vijay Verma, CEO, Sunworld Group says, “The regions are popular among end-users, particularly among the working class, and sales have been fantastic. Infrastructural upgrades, such as metro, road connectivity, and announcements like Jewar Airport, are also supporting the development.”

Business World, Health, News

Central Park organizes Yoga session; residents adopt it as integral part of their life

Jun 23, 2021 by Rekha Nair 0 Comments #Central Park, #CMD, #Mr. Amarjit Bakshi

Gurugram: On the occasion of International Yoga Day, Central Park, a reputed luxury real estate developer, organized an hour-long Yoga session for the residents of Central Park Resorts in Gurugram on Monday early morning. Enthusiastic residents participated in the event which followed all Covid-19 protocols to continue with the fight against the pandemic.

Mr. Amarjit Bakshi, CMD, Central Park, said, “Yoga can assist in relieving stress, strengthening immunity, and boosting physical and mental health. Amid the pandemic, this year’s International Day of Yoga theme was ‘Yoga for Well-Being’. Taking the theme further, everyone should ensure their activities are aimed at improving their immunity and health at a time when society is still recuperating from the impact of Covid-19.”

The session was led by yoga experts with over two decades of experience. The residents conducted pranayama and asanas to make yoga an integral part of their life.

The yoga session was conducted in the picturesque 20-acre lush green landscape of Central Park Resorts. Central Park believes in embracing nature. Mr. Bakshi further said, “The colourful flowers planted in the lush garden further dotted with water bodies was a view to watch as the residents performed yoga here. The township is nestled in a captivating tree-lined garden away from the chaos of the city thereby giving the residents a place to live amidst nature.”

News

Central Park organizes plantation drive on World Environment Day; 150 residents pledge for a greener future

Jun 8, 2021 by Rekha Nair 0 Comments #Amarjit Bakshi, #Central Park, #CMD, #World Environment Day

Gurugram: On the occasion of World Environment Day, Central Park, a reputed luxury real estate developer organized a plantation drive at their townships Central Park Flower Valley and Central Park Resorts in Gurugram on Saturday. The developer took it upon itself to encourage all its residents to participate in the exercise of saving the planet from greenhouse gases.

At least 150 residents came together to plant trees as high as 10 feet in a dedicated zone on Saturday morning. They even placed their name tags around the plant to watch them grow in their name. The kids were engaged in planting saplings in planters which they could carry home to nurture. Central Park’s horticulture team was there to help residents complete the process & facilitate the plantation. The team informed that the trees planted on Saturday included Silk Floss tree, which is a species of deciduous tree native to the tropical and subtropical forests of South America, Brazil and Argentina. The tree has the potential to attain a height of 50 feet with an equal spread.

Team Central Park organized the plantation in line with this year’s theme ‘Ecosystem Restoration’. As one of the important days for Mother Earth fell during the pandemic time, they ensured that everyone present at the site followed the COVID guidelines and maintained social distancing.

The plantation drive will add a feather to the already serene environment provided by Central Park Flower Valley and the lush green Central Park Resorts. The two townships are premium global townships embellished with lush greenery, exquisite flora and water bodies. They are located amidst a treasure trove of nature with thousands of trees and multiple flower lanes, tucked away from the chaos of the city.

Amarjit Bakshi, CMD, Central Park, said, “The focal point this year is ecosystem restoration, and the best way is to replenish the system with the right kind of flora and fauna; it is an investment for the future and an assurance to the generations that we are trying our best to provide healthy lifestyle to them. We support the UN’s ‘global mission to revive billions of hectares, from forests to farmlands, from the top of mountains to the depth of the sea’. Saving trees and increasing Greenland has always been an integral part of all our projects and it is our consistent endeavour to grow more trees. While the 20-acre huge Central Park Resorts has thousands of trees, Central Park Flower Valley is a symbol of all year round flowering plants, miles of green hedges, citrus trees and even organic farms.

Praising the drive, a resident, said, “It was a unique opportunity for the children to participate in the activity. It will be an experience of sorts for them to see the saplings they grow today to blossom into full-fledged plants and trees in the future.”

Business World

Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN Conferred with PSU Award of The Year-2020

Jun 5, 2021 by Neel Achary 0 Comments #CMD, #Nand Lal Sharma, #Sh, #SJVN

Mumbai, June 04, 2021

Dalal Street Investment Journal (DSIJ) conferred PSU Award of the Year 2020 to Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN. The award was conferred in recognition of the outstanding contribution made by Sh. Sharma to make SJVN most efficient & profitable Mini Ratna Company of the year 2020.

Sh. Nand Lal Sharma is heading SJVN Limited as Chairman & Managing Director, a Schedule A, Mini Ratna Public Sector Enterprise.
Sh. Nand Lal Sharma , CMD , SJVN conferred with PSU Award of the Year 2020

Under dynamic leadership of Sh. Nand Lal Sharma, SJVN has emerged as a major player in Power Sector in India and neighboring countries. SJVN currently is constructing seven (7) Power Projects with capacity of around 3300 MW in India, Nepal & Bhutan. His persistent and unrelenting efforts have resulted in allocation of more than 10 Power Projects in India & Abroad in last two years. SJVN has set ambitious targets of becoming a 5000 MW company by 2023, 12000 MW company by 2030 and 25000 MW company by 2040.

SJVN is going to invest Rs 30,000 crores in next five years and Rs 60,000 crores in next ten years in various projects in India & abroad. This will result in employment generation, infrastructure development and socio-economic growth.

SJVN’s present installed capacity is 2016.51 MW with portfolio of around 9000 MW, having presence in various sectors of energy generation which includes Hydro, Wind, Solar & Thermal. The company also has presence in the field of Energy Transmission.

Established in 1986, the Dalal Street Investment Journal (DSIJ) is India’s No 1 equity research and capital investment magazine which cater to the needs of its reader-investors.

Health, News

Central Park ties up with Medanta hospital to organize vaccination camp; 300 residents get the jab

May 26, 2021 by Rekha Nair 0 Comments #Amarjit Bakshi, #Central Park, #CMD

Gurugram: To save the residents from the hassle of crowded hospitals and long queues, Central Park, a reputed luxury real estate developer organized a Covid-19 vaccination camp in association with Medanta Hospital at Central Park Resorts project in Gurugram on Monday. As many as 300 residents between the age group of 18 and 45 years got the Covishield jab at the e-clinic here.

Praising the efforts of Central Park and Medanta Hospital, Virender Chaudhary, a resident of Central Park, said, “The vaccination drive was well organised and came as a sigh of relief for many residents who were unable to get the slot online at the vaccination centres in Gurugram. Social distancing norms were strictly followed at the e-clinic here.”

The Group is also providing its staff members and frontline workers all the required immunity building Vitamins and mineral supplements, along with the protection gears like masks, face shields, and gloves at intervals of every few days. Central Park Resorts also has an in-house availability of ambulance services around the clock with oxygen support and an arrangement for oxygen cylinders and concentrators. Earlier, RT-PCR camps were also set up here to test suspected cases of Covid-19 and help in timely treatment.

Amarjit Bakshi, CMD, Central Park, said, “During these tough times, we hope for a speedy recovery of the entire nation. We are trying to do our bit by safeguarding our residential communities. We are all together, and we believe that we all will rise above this challenge to experience a better future. The residents are like our family, and we will not leave any stone unturned to assure their complete safety and security.”

Business World

Central Park Resorts offer vaccination drive to residents

Mar 17, 2021 by Neel Achary 0 Comments #Central Park, #CMD, #Mr. Amarjit Bakshi

Central Park Resorts in association with Medanta Hospital has initiated a facilitation process for providing COVID vaccination for all its residents. The process is being carried out via an online survey form that must be filled with complete contact details of the person, thereby making the process convenient and transparent. Till now, around 50 residents have successfully registered, and Central Park plans to continue the process till all residents get vaccinated.

A renowned luxury real estate group from NCR, Central Park has always been known for providing holistic services and quality environment to its residents. This association with Medanta for making the process of vaccine registration easier for residents is an effort in the similar direction.

Residents have to go to the hospital for the vaccination as it is not permissible to drive the vaccine camp outside the hospital. Elaborating upon the idea behind organizing this vaccination facilitation in the society, Mr. Amarjit Bakshi, CMD, Central Park said, “The nation is going through challenging times, and we want our residents to be safe. We are pleased to have a trusted medical partner like Medanta for supporting us in delivering the best of health and medical services to our residents. In the fight against COVID-19, we all have to work diligently to drive away this global health scare. We are committed to follow all the protocols related to the vaccination, and request the residents to take part in the drive.”