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Tamil Nadu govt cancels smart meter tender awarded to Adani Energy Solutions

With these new projects, the total under-construction project pipeline expanded from Rs 17,000 crore in Q1FY25 to approximately Rs 27,300 crore in Q2FY25, according to the company.

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The Tamil Nadu Power Distribution Corporation (TANGEDCO) has cancelled a global tender for the procurement of smart meters, citing the elevated cost proposed by Adani Energy Solutions Ltd (AESL). The tenders, which were issued as four packages in August 2023, aimed to provide smart meters under the central government’s revamped distribution sector scheme.

According to reports, AESL, a company listed on the Bombay Stock Exchange, was the lowest bidder for Package 1 of the tender, which encompassed eight districts, including Chennai, and involved the installation of over 8.2 million smart meters. However, the tender was cancelled on December 27, 2024, as AESL’s quoted price was reportedly deemed too high. The cancellation also affected three other packages, with plans for a re-tender expected to follow, although further details were not disclosed.

This decision comes amid ongoing controversy surrounding Gautam Adani, the head of the Adani Group, who has faced allegations of involvement in a scheme to pay over USD 250 million (approximately Rs 2,100 crore) in bribes to Indian officials for favorable solar power contracts. U.S. prosecutors have indicted Adani and others in connection with these allegations, which the company has denied.

As a result of the tender cancellation, shares of Adani Energy fell 2.3%, dropping from an intraday high of Rs 819.9 to a low of Rs 800.9 on the National Stock Exchange (NSE) on Wednesday. Reports indicate that all four tenders issued in August 2023 were cancelled for “administrative reasons,” with the government planning to reissue them soon. Adani Energy Solutions has not yet made a statement to the stock exchanges.

On the financial front, Adani Energy Solutions reported a 69% increase in total income for the September quarter (Q2FY25), reaching Rs 6,360 crore. Its EBITDA rose 31% year-on-year to Rs 1,891 crore, driven by strong revenue growth, increased EPC income in transmission, and treasury income. Net profit also saw significant growth, surging 172% year-on-year to Rs 773 crore. Adjusting for a one-time deferred tax reversal of Rs 314 crore, the net profit for Q2 stood at Rs 459 crore, marking a nearly 62% year-on-year increase.

Furthermore, Adani Energy secured three new transmission projects: NES in Jamnagar, Gujarat; NES in Navinal (Mundra); and Khavda Phase IVA, which adds 2,059 circuit kilometers (ckm) to their construction network. With these new projects, the total under-construction project pipeline expanded from Rs 17,000 crore in Q1FY25 to approximately Rs 27,300 crore in Q2FY25, according to the company.

India News

Delhi election: Arvind Kejriwal responds to PM Modi’s disaster remark on AAP govt, says BJP has no narrative

Countering PM Modi’s remark, Arvind Kejriwal said that the real disaster is within the BJP itself.

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Delhi election: Arvind Kejriwal responds to PM Modi’s disaster remark on AAP govt, says BJP has no narrative

Aam Aadmi Party (AAP) national convenor and former Delhi Chief Minister Arvind Kejriwal launched a sharp three-point counterattack against Prime Minister Narendra Modi after he accused the Aam Aadmi Party (AAP) of corruption and branded it AAPa, meaning disaster. Countering PM Modi’s remark, Arvind Kejriwal said that the real disaster lay within the BJP itself.

He said that the disaster is not in Delhi, but it is within the BJP. He continued that the first disaster is that the BJP doesn’t have a Chief Ministerial face. The second is that the BJP has no narrative, and the third is that the BJP has no agenda for the Delhi elections, he claimed.

The war of words erupted after PM Narendra Modi, while inaugurating a housing project for slum dwellers in the national capital, accused the AAP government of a series of alleged scams and corruption.

The Prime Minister said that the AAP has committed a liquor scam, school scam, and pollution scam, and are openly engaging in corruption and even publicising it. He claimed that it is a disaster for Delhi, and the residents have declared war against this disaster.

PM Modi also sought to underline his commitment to the welfare of Delhi’s underprivileged, stating that he could have built a sheeshmahal, but his dream is that his countrymen should get permanent houses.

Taking a dig at PM Modi’s reference to a sheeshmahal, Arvind Kejriwal said that mention of a sheeshmahal doesn’t sound appropriate coming from someone who built a house worth Rs 2,700 crore for himself, flies on a plane worth Rs 8,400 crore, and wears suits worth Rs 10 lakh.

The former Chief Minister further dealt blows to the BJP for failing to deliver on promises made to Delhi residents. He highlighted that the BJP’s 2020 manifesto had assured pucca houses for all in Delhi by 2022. Nonetheless, only 4,700 homes had been handed over in five years, he added.

Arvind Kejriwal noted that in 2020, the Prime Minister promised homes for everyone in Delhi by 2022, and in 2025, he has handed over keys to 1,700 homes and previously gave keys to 3,000 houses in Kalkaji. He showed a grim picture of the housing crisis in Delhi, mentioning that Delhi has 4 lakh slums, and 15 lakh people need homes. It seems BJP’s manifesto was meant for 200 years, not five, he said.

While accusing the Prime Minister of abusing the Delhi government for 39 minutes out of his 43-minute speech in Delhi, Arvind Kejriwal said even three hours wouldn’t be enough if he started listing the development work his party has carried out in Delhi in the last 10 years. 

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Education

CUET PG registration 2025 begins: Apply now at exams.nta.ac.in

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cuet pg 2025 registration process details and application guide

The National Testing Agency (NTA) has officially started the registration process for the Common University Entrance Test Postgraduate (CUET PG) 2025. Eligible candidates can apply via the official website, exams.nta.ac.in, until February 1, 2025.

The CUET PG exams are scheduled to be held from March 13 to March 31, 2025, across 312 cities, including 27 international locations. The examination will cover 157 subjects and will primarily be bilingual (English and Hindi), with specific exceptions for language-focused papers, M. Tech/Higher Sciences, and certain Acharya courses.

Key updates and timeline:

  • Registration Deadline: February 1, 2025.
  • Correction Window: February 3-5, 2025.
  • City Intimation Slip: First week of March 2025.
  • Admit Card Availability: Four days prior to the exam date.

Examination details:

This year, the duration of the exam has been reduced from 105 minutes to 90 minutes, while the number of questions remains unchanged. The exams will be conducted in two or three shifts daily to accommodate the extensive schedule.

Fee structure:

The registration fees have been increased by Rs 200 across all categories. Additional test paper fees have also risen by Rs 100 per paper. For international candidates, the registration fee is Rs 1,000 higher than last year for up to two test papers, with an extra Rs 1,500 for each additional paper.

Steps to apply for CUET PG 2025:

  1. Visit the official NTA website: exams.nta.ac.in.
  2. Click on the “CUET PG 2025” link on the homepage.
  3. Register by filling in the required details.
  4. Log in using your credentials and complete the application form.
  5. Pay the application fee as per your category.
  6. Submit the form and download the confirmation page for future reference.

About CUET PG:

Since 2022, the Ministry of Education and UGC have entrusted the NTA to conduct CUET for postgraduate admissions. The exam serves as a unified platform for admissions to Central Universities, as well as participating state, deemed, and private institutions across India.

Candidates are advised to complete their registrations promptly and stay updated with the official website for any changes or announcements.

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India News

MEA rejects report claiming India’s involvement in plot to oust Maldivian President Muizzu

MEA spokesperson Randhir Jaiswal said that both the newspaper and the reporter in question appear to nurse a compulsive hostility towards India.

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MEA rejects report claiming India’s involvement in plot to oust Maldivian President Muizzu

The Ministry of External Affairs today rejected a US media report claiming India’s involvement in a failed plot by the Maldivian opposition to impeach President Mohamed Muizzu. In the weekly briefing, MEA spokesperson Randhir Jaiswal accused The Washington Post of nursing a compulsive hostility towards India.

He said that both the newspaper and the reporter in question appear to nurse a compulsive hostility towards India. He added that one can judge the credibility of the report, if they see a pattern in the activities. As far as MEA are concerned, they have none, he continued.

The media report, based on an internal document titled, Democratic Renewal Initiative, asserted that the opposition Maldivian Democratic Party (MDP) allegedly sought USD 6 million from India to oust Mohamed Muizzu.

Reportedly, the opposition planned to bribe around 40 MPs, including some from Muizzu’s own party, to garner votes for his impeachment. Nonetheless, it failed to materialise.

The development followed at a time when Maldives’s ties with India came under strain after some leaders from Muizzu’s Cabinet made derogatory remarks against Prime Minister Narendra Modi. President Muizzu, who came to power based on an India Out campaign, also made India withdraw its troops from the country.

In addition, the MEA spokesperson also dismissed another Washington Post report that accused India of carrying out covert assassination campaigns in Pakistan. Without specifying the matter and quoting Hillary Clinton, spokesperson Jaiswal said as regards Pakistan, one cannot keep snakes in their backyard and expect them only to bite their neighbours.

Hillary Clinton made the statement in 2011 when she visited Pakistan as the US Secretary of State. With then Pakistan Foreign Minister Hina Rabbani Khar by her side, Clinton demanded greater cooperation from the country to eliminate terrorists and squeeze the Haqqani network responsible for attacks in Afghanistan.

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