DPR is being prepared to revive HMT factory, says Union Minister H D Kumaraswamy
Mandya (PTI): Union Minister for Heavy Industries and Steel, H D Kumaraswamy, on Thursday announced that a Detailed Project Report (DPR) is being prepared to revive the prestigious HMT factory.
He said that under the leadership of Prime Minister Narendra Modi, efforts are underway to rejuvenate both HMT and the Sir M Visvesvaraya Iron and Steel Plant (VISL) in Bhadravathi.
"Several rounds of discussions have already taken place in this regard," Kumaraswamy told reporters here.
"Dr V K Saraswat, a member of NITI Aayog, has submitted an important report on the revival of HMT. High-level meetings have been held in New Delhi with senior officials of the Ministry of Heavy Industries, the Managing Director of HMT, and Dr. Saraswat," he said.
Kumaraswamy further informed that a team led by the Additional Secretary of MHI & HMT Managing Director were also sent to Japan to explore possibilities of technical collaboration.
Noting that the people of Mandya have long aspired for industrial establishments in the district, the union minister, who is MP from district said, "I have sought cooperation from the state government and have also held discussions with several industrialists in Delhi regarding setting up industries in Mandya."
Kumaraswamy said that with the responsibility of two key portfolios, he is making every effort to boost industrial growth in Karnataka, and urged the Congress government in the state to build a strong working relationship with the Centre.
"The state government should build a strong working relationship with the Centre. Only then can the state fully benefit from central initiatives. Bringing politics into every matter is unnecessary," he added.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
