Engie commits INR 17,200 crore investment in Gujarat
Engie will invest INR 17,200 crore towards the development of 2.5 GW of renewable energy projects by 2030 in Gujarat. It will also collaborate with the Gujarat government for decarbonization initiatives in the state.
Mahindra Susten receives ‘Water Positive Certification’ for operating solar portfolio
As per TUV India’s evaluation, Mahindra Susten’s operating renewable energy portfolio of more than 1.5 GW commands a score of 15 (Positive) on the Water Footprint Index implying that water recharged is 15 times over what was consumed.
Adani Total Gas partners Shigan to decarbonize supply chain
Adani Total Gas Ltd and Shigan will explore retrofitting internal combustion engine (ICE) to run on alternate fuels like CNG and LNG. They will also explore e-mobility-based solutions for last-mile delivery players and use-cases for green hydrogen as fuel for ICE vehicles.
Ambuja Cements commits INR 6,000 crore to 1 GW of solar, wind power projects
Ambuja Cements Ltd, part of the diversified Adani Group, plans investment in 750 MW of new renewable power generation capacity in Gujarat (600 MW solar and 150 MW wind) and a 250 MW solar power project in Rajasthan as it pursues cost reduction and environment sustainability across its cement manufacturing operations. The company will fund these projects through internal accruals.
Adani ‘Green Talks’ supports 5 social impact startups
Adani Group’s ‘Green Talks’ provides an open source platform to social entrepreneurs to develop their ideas and make them reality.
Coal, a heavy burden on Indian Railways
Recognizing coal’s network congestion effects and accelerating clean energy can enable the Indian Railways to better serve an expanding economy, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
UltraTech Cement targets 85% green energy in its total energy mix by 2030
Currently, UltraTech Cement has a green energy capacity of 691 MW (262 MW from waste heat recovery systems and 429 MW contracted renewables), which meets about 22% of its current electricity requirements.
Adani Group to invest $100 billion in green energy transition over 10 years
Adani Group targets to become net zero by 2050 or earlier for five of its portfolio companies — Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, ACC, and Ambuja Cements.
EKI Energy, IndianOil partner to promote indoor solar cooking system
EKI Energy Services will oversee the production, marketing, installation, and after-sales services of ‘Surya Nutan,’ an innovative indoor solar cooking system designed and patented by IndianOil. The initiative will be supported by carbon finance.
Siemens profit 36% up YoY in July-Aug-Sept quarter
Siemens Ltd has announced a revenue of INR 5,297 crore and net profit (profit after tax) of INR 534 crore in the fourth quarter of financial year 2023 ended September 30, 2023.
