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Bharat Petroleum greenlights Rs 5,044 cr Polypropylene Unit at Kochi Refinery
The proposed polypropylene unit is slated for completion in approximately 46 months from the date of investment approval, with a production capacity of 400,000 tonnes per annum, as per the company's statement.Read more
Red Sea attacks spark shipping disruptions, pose inflation risk
Following the assault by Iran-backed Houthi militants on commercial vessels in the Red Sea, shipping companies are redirecting their cargoes, opting to sail around Africa instead of using the Suez Canal's shorter route.Read more
TIIC promotes green investments with New ESG Cell for MSMEs
During a recent meeting of the Council of State Industrial Development and Investment Corporations (COSIDIC), hosted by TIIC, the emphasis was placed on integrating sustainability into MSMEs.Read more
India’s RE sector receives FDI equity investment of $6.1 bn during Apr 2020 - Sept 2023
Under the extant Foreign Direct Investment (FDI) policy of the Government of India, FDI in renewable energy sector is permitted up to 100% under the automatic route.Read more
India's RE capacity surges 2.35 times in a decade: Minister for Power
Highlighting the remarkable growth in renewable energy, the Minister credited the government's strategic initiatives since 2014.Read more
Vedanta greenlights Rs 3,400 cr NCDs raise for capital structure enhancement
Last week, Vedanta Resources (VRL), the UK-headquartered parent company of the Vedanta group, announced securing a USD 1.25-billion loan from private lenders to refinance a portion of its $3.2-billion debt maturing in 2024 and 2025.Read more
Sembcorp forges green ammonia partnership with Japanese firms to advance RE goals
Sembcorp Green Hydrogen Pte, in partnership with Japanese conglomerate Sojitz Corp and energy major Kyushu Electric Power, has formalised a memorandum of understanding to explore potential opportunities for green ammonia production.Read more
Major companies vie for India's Green Hydrogen, Electrolyser incentives
20 firms, such as Reliance Industries, Adani Group, Jindal India, Larsen & Toubro, and Bharat Heavy Electricals, have presented bids for incentives related to the manufacturing of electrolysers, according to statements from the Solar Energy Corp of India.Read more
BluPine Energy secures Rs 511 cr Green Loan for 120 MW Solar Project in Gujarat
The financing was obtained through Standard Chartered, a leading global banking institution, according to a company statement.Read more
India considers Chinese imports for Green Hydrogen Boost
The Ministry of New and Renewable Energy (MNRE), a crucial player in the country's decarbonisation efforts, has suggested exemptions for green hydrogen developers.Read more
