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Aether Industries signs LoI with US-based global oilfield services company – EQ Mag

Specialty and fine chemical manufacturer Aether Industries on Thursday said it has signed a Letter of Intent (LoI) with a US-based global oilfield services company as a strategic supplier and contract manufacturing partner. The LoI paves the way for the execution of a Strategic Supply Agreement (SSA) between the two companies within three months, Aether […]

MGL to set up compressed biogas (CBG) plant in Mumbai with BMC – EQ Mag

Mahanagar Gas Limited signed MOU with Brihanmumbai Municipal Corporation to set up a Compressed Biogas plant in Mumbai. Mumbai : Mahanagar Gas Limited, one of the largest city gas distribution companies in India, today signed a memorandum of understanding (MOU) with Brihanmumbai Municipal Corporation (BMC) for setting up a Compressed Biogas (CBG) plant in Mumbai. […]

RevFin eyes 400cr mop-up to drive loans for EV buys – EQ Mag

Electric vehicle financier RevFin is looking at raising ₹300-400 crore in this financial year for disbursing loans to buy two-wheelers, three-wheelers and four-wheelers deployed for commercial use. The company, which received its first tranche of $5 million (about ₹41 crore) from the United States Development Finance Corporation earlier this week, expects strong demand for loans, […]

Cabinet approves Rs 2,980 crore for Exploration of Coal and Lignite scheme – EQ Mag

The approval will provide an outlay of Rs 1,650 crore for promotional (Regional) exploration and Rs 1,330 crore for detailed drilling in non-CIL areas, the statement said The government on Wednesday approved the continuation of the central sector plan ‘Exploration of Coal and Lignite scheme’ with an estimated expenditure of Rs 2,980 crore. The time […]

IH2A submits $5-bn plan for national green hydrogen hub to govt – EQ Mag

The India Hydrogen Alliance (IH2A) has submitted a National Green Hydrogen Hub Economic Viability and Development Plan to the government, with potential to create five large National Green Hydrogen Corporations collectively worth $5bn by 2030. The public-private plan seeks public finance support for green hydrogen production and offtake to create the necessary infrastructure in the […]

India’s green goal offers companies $500 billion opportunity, ReNew CEO says – EQ Mag

ReNew has plans to invest in the entire decarbonization chain. The company, with about 8 gigawatts of operational capacity, is among India’s top renewables producers India’s energy transition plans offer a $500 billion investment opportunity for companies through the end of the decade, as the nation seeks a record expansion in clean power, Sumant Sinha, […]

India to offer $455 million in incentives for battery storage projects -sources – EQ Mag

NEW DELHI : India will offer 37.6 billion rupees ($455.2 million) in incentives to companies setting up battery storage projects totaling 4,000 megawatt hours (MWh) under a scheme announced earlier this year, two government sources said. The scheme is intended to boost battery storage projects critical to India’s ambitious plan to expand its renewable energy […]