Advait Infratech net profit rises 300% yoy in Q1
Advait Infratech has reported a net profit (profit after tax) of INR 583.16 lakh in the April-May-June quarter of FY 2024-25, around 300% increase over INR 146.48 lakh profit for the corresponding period of the last fiscal.
The Hydrogen Stream: Hygenco secures green ammonia offtake agreement with Ameropa
India’s Hygenco Green Energies has signed a term sheet with Switzerland’s Ameropa for the potential supply of green ammonia from its forthcoming project at the Gopalpur port in Odisha.
BNEF Summit highlights sluggish trading of low-carbon hydrogen, derivatives
Analysts at the recent BNEF Summit in Munich discussed delays for hydrogen adoption in European countries, noting that locations are crucial for predicting which hydrogen production plans will proceed. Projects in areas with high amounts of renewables have an advantage.
Indian Army receives hydrogen bus
The Indian Army has received a hydrogen fuel cell bus under its collaboration with Indian Oil Corp. Ltd (IOCL) for demonstration trials of this technology. The bus promises a mileage of 250-300 km on a full 30 kg onboard tank of hydrogen fuel.
The Hydrogen Stream: Companies to close 3 hydrogen stations in Germany
H2 Mobility’s live map has reported the planned closure of at least three hydrogen filling stations throughout Germany in the coming months, while the Japanese government has revealed plans to support the development of low-carbon aviation solutions, including hydrogen-combustion engines.
The Hydrogen Stream: Prime Minister Narendra Modi inaugurates India’s first indigenous green hydrogen fuel cell ferry
Prime Minister Narendra Modi launched a green hydrogen fuel cell inland waterway vessel designed, developed and manufactured by Cochin Shipyard. He also inaugurated various other projects aimed at making Tamil Nadu’s V.O. Chidambaranar Port the first Green Hydrogen Hub Port of the country.
The Hydrogen Stream: India working on policy mechanism to promote use of green hydrogen for providing round-the-clock renewable energy
India’s Ministry of New and Renewable Energy is working on the modalities for promoting the use of green hydrogen in supporting round-the-clock electricity.
The Hydrogen Stream: Reliance Industries to convert existing 5,000 ICE trucks to run on green hydrogen by mid-2024
India’s Reliance Industries Ltd plans to convert around 5,000 existing internal combustion engine (ICE)-powered trucks into hydrogen ICE trucks by mid-2024. The company uses these trucks for its internal purposes.
NTPC invites EoI to set up green hydrogen generation and storage product manufacturing facilities in Andhra Pradesh
NTPC Green Energy Ltd has invited an Expression of Interest from manufacturers of products used in generation and storage of green hydrogen or its derivatives, to set up manufacturing facilities in Andhra Pradesh. The facilities will come up within the green hydrogen hub being developed by NTPC in Pudimadaka, Achutapuram.
Evergreen Renewables to invest INR 4,000 crore in Gujarat
Advait Infratech will invest in the manufacturing and assembly of fuel cells and electrolyzers in Gujarat. Waaree will set up a green hydrogen/green ammonia production facility along with hybrid (solar, wind) renewable energy generation.
