Industry

BHEL may commission 9GW thermal projects this fiscal year

Bharat Heavy Electricals Limited (BHEL) is on track to commission a record-breaking 9 GW of thermal power capacity in the current financial year, exceeding its average annual commissioning fourfold. This surge in capacity addition, valued at around ₹65,000 crore, is attributed to the completion of projects awarded since 2017 and active government support in resolving implementation hurdles.

Private Banks seek reduction in Mudra targets

Private banks are pushing for a reduction in Mudra loan targets, citing concerns about potential stress on MSME loans. While government data shows low NPAs in the Mudra segment, lenders anticipate a rise in bad loans across the MSME sector in the coming months.