Reliance to launch new project to use plastics in road construction.
Charity Begins at Home: Tata Sons has kicked off the process of arranging funds to pay off the statutory AGR dues worth ?13,823cr ($1,941m) owed by Tata Teleservices, and is likely to bank on Tata Consultancy Services (TCS) to source the required funds.
The development comes even as the Supreme Court is expected to hear modification plea by Vodafone Idea, Bharti Airtel and Tata Teleservices this week for the extension of deadline to pay the AGR dues. ET
Also This: Reliance Industries is gearing up to launch a new project, which will see usage of plastics in road construction. The news comes amidst Prime Minister Narendra Modi's push to end consumption of single-use plastics by 2022.
Light plastics, the type used as carry bags or snack wrappers, are typically not viable to recycle and so end up in landfills, street corners or oceans. Reliance wants to shred these plastics and mix them with bitumen, a formula the conglomerate says is cheaper and longer-lasting.
The company is planning to work with India's highway authority and individual states to supply a plastics-infused mix to build roads. Indian Express
How well do you know the top news of the last week? Have a go at our TheWeekThatWas Quiz and test your wits.