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INOX Clean plans IPO comeback after ₹700 crore investment from Poonawalla family office
INOX Clean plans to refile its IPO papers in the coming months after strengthening its renewable energy business through a series of acquisitions. The company also announced a ₹700 crore investment from the Poonawalla family office, valuing the business at ₹70,000 crore.
Tata Motors partners with Welspun Renewable Energy to develop 86 MW wind-solar hybrid project
Tata Motors has joined forces with Welspun Renewable Energy to develop an 86 MW wind-solar hybrid project. This initiative will power four of Tata Motors' manufacturing plants in Jharkhand, Uttar Pradesh, Uttarakhand, and Karnataka with clean electricity. The project aims to generate 200 million units of green power annually, significantly reducing carbon emissions and supporting the company's sustainability goals.
ACME Green Molecules, Mitsubishi Gas Chemical sign $1 billion green methanol supply deal
India's first global green marine fuel pact sees ACME Green Molecules partnering with Japan's MGC to supply 100,000 tonnes of green methanol annually, valued at $1 billion. This significant deal aims to bolster the shipping industry's shift to low-carbon alternatives, meeting stringent international environmental standards. The renewable fuel, produced in Odisha, will support the global transition to sustainable energy markets.
India emerging as reliable green fuel supplier: Renewable Energy Secretary Santosh Kumar Sarangi
India is emerging as a key global supplier of clean fuels, with significant long-term agreements for green ammonia and methanol to Japan. These deals, involving ACME Group and Japanese corporations, underscore India's growing role in international green hydrogen value chains. The nation's cost-competitive production capabilities are set to bolster global decarbonization efforts and energy security, as highlighted by Japan's Ministry of Economy, Trade and Industry.
Hindustan Zinc reports record Q1 mined metal output for fifth straight year
Hindustan Zinc achieved record first-quarter production, with mined metal up 1% YoY to 268,000 kt. The company signed an MoU for green energy solutions and aims for net-zero emissions. However, shares dipped 16% in June amid silver price volatility and government stake sale rumors.
Adar Poonawalla Family Office invests ₹700 crore in Inox Clean Energy at ₹70,000 crore valuation
The renewable energy company will use the fresh funds to expand projects, boost manufacturing and pursue more acquisitions after completing 10 deals in the past 10 months.
Adar Poonawalla Family Office invests Rs 700 crore in Inox Clean
Adar Poonawalla's family office has injected Rs 700 crore into Inox Clean Energy, This significant investment bolsters Inox Clean's integrated platform, which now includes solar manufacturing and independent power production, following a series of strategic acquisitions. The capital infusion aims to fuel further expansion, including new projects and manufacturing capacity, reinforcing its position in the clean energy sector.
Adani Green Energy to announce June quarter results on this date. Check details - Mint
Adani Green Energy to announce June quarter results on this date. Check detailsMint
Coal India bags Rs 2,831 crore 600 MW solar plant deal in UP
State-owned Coal India Limited has clinched a significant ₹2,831.11 crore contract to build a 600 MW solar power facility in Uttar Pradesh's Jalaun Solar Park. This massive project, split into two 300 MW blocks, will supply electricity at a fixed rate of ₹2.73 per kWh. The deal was awarded by Bundelkhand Saur Urja Limited, marking a major green energy push for the mining giant.
Green Stocks July 1: Solar Stocks End Mixed as Benchmark Indices Start July on Firm Note - Saur Energy
Green Stocks July 1: Solar Stocks End Mixed as Benchmark Indices Start July on Firm NoteSaur Energy
Adani Green Energy achieves 20 GW renewable milestone
Adani Green Energy (AGEL) has surpassed 20 gigawatts (GW) of operational renewable energy capacity, becoming the first renewable energy company in India to achieve the milestone predominantly through greenfield development. The company generates over 52 billion units of clean electricity annually. The output represents nearly 3 per cent of India's electricity consumption, enough to power New York City for a year, or almost entire Mumbai and New Delhi combined.
Adani Green surpasses 20 GW renewable energy capacity, first in India to hit milestone
Adani Green Energy has achieved a landmark 20 GW of operational renewable capacity, the first in India to do so via greenfield development. This significant feat, accomplished within a decade, generates enough clean electricity annually to power nearly 3% of India's needs. The company's expanding portfolio, including solar, wind, and battery storage, underscores its pivotal role in accelerating the nation's clean energy transition and bolstering energy security.