APT Translations

The selected offshore wind power developer will have to develop the transmission system to deliver the power at the offshore substation, grid connectivity, and long-term access to the grid.

"This Budget carries the confidence of continuity. This Budget will empower all four pillars of ‘Viksit Bharat’ -- youth, the poor, women, and farmers," said PM Modi, praising Finance Minister Nirmala Sitharaman's efforts.

Net profit of Rs 1,888 crore in October-December - the third quarter of fiscal year starting April 1, 2023 - is compared with Rs 820 crore earning in the same period last year, the company said in a statement.

The budget outlines the government's plan to provide viability gap funding for the development of one gigawatt of offshore wind energy capacity, marking a significant step in harnessing renewable energy sources.

Dwivedi added that VGF for offshore wind capacity of 1 GW is a very timely announcement and would contribute in achieving the national goal of 500 GW installed capacity from non-fossil fuel by 2030

Under the mantra of 'Sabka Saath, Sabka Vikas, and Sabka Vishwas', and the approach of “Sabka Prayas”, the budget focuses on uplifting various segments of society including the poor, women, youth, and farmers.

This decision is in line with the government's objective of accelerating economic progress and employment generation, building on the significant tripling of capital expenditure over the past four years.

According to S&P Global Commodity Insights, the legal challenge, filed by companies representing a significant portion of the EU's renewable ethanol production, argues that the regulation infringes on key EU legislative procedures.

The ministry said, "The program will significantly improve the quality of life of the residents, make the local authority cleaner and save the municipality's expenses."

"This scheme follows the resolve of the honorable Prime Minister on the historic day of consecration of Sri Ram Mandir in Ayodhya," she said, speaking in parliament.