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Madhya Pradesh cabinet approves equity share capital for Indore-Manmad rail line

Thursday, 26 Sep 2019
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The Madhya Pradesh cabinet headed by Chief Minister Kamal Nath approved fixed equity share capital for execution of Indore (Mhow) to Manmad new rail line project, connecting Indore to the Jawaharlal Nehru Port Trust.

 

The total cost of the project is pegged at Rs 8,931 crore. The equity of Rs 408.64 crore which is 15 percent will be given in four years by the state government. After completion of the project, distance from Indore to the Port Trust will be reduced by 150 km.

The industrial activities of Pithampur, Khandwa and Burhanpur will get boost from the rail line. The cabinet also approved setting-up of rooftop solar projects by the Madhya Pradesh State Industrial Development Corporation (MPSIDC) under provisions of Madhya Pradesh Decentralized Renewable Energy Policy 2016.

The government also decided to refund the primary invested amount of Rs 17.15 crore by MPSIDC in 90 MLD water supply scheme for constant and adequate water supply to industries to be set up in Pithampur-Dhar-Mhow Investment Region and Pithampur Industrial Area.

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