The Essar Group plans to rearrange its priorities to focus on four major verticals like energy, infrastructure and logistics, technology and retail, as well as metals and mining
Billionaire Mukesh Ambani's Reliance Industries on Monday showcased a truck that runs on hydrogen, the cleanest known fuel whose tail emissions are only water and oxygen, at the India Energy Week here. The Ashok Leyland manufactured truck with two large hydrogen cylinders was put up at a hall adjacent to the main venue where Prime Minister Narendra Modi inaugurated the three-day event that is themed around 'Growth, Collaboration, Transition'. A display near the truck said this was "India's 1st H2ICE technology truck on road." The truck has "near-zero emissions" when it uses hydrogen as fuel in place of conventional diesel or even recently introduced liquefied natural gas (LNG). "H2ICE vehicle performance on-par with diesel ICE," it said. H2 is the formula for hydrogen and ICE stands for internal combustion engine. India is fast pushing for use of hydrogen, which can be produced by splitting water using electricity. Use of electricity generated from renewable sources such as solar
He said that the budget, under the guidance of Prime Minister Narendra Modi, has been prepared with the concept of overall development of the country
Clean energy is a key today and expanding use of Natural Gas via City Gas Distribution (CGD) will contribute to the efforts
India projects $10 trillion to $15 trillion in investment is needed to achieve net-zero carbon emissions by 2070
But imposing policies that deter domestic exploration and production
"India can be the world platform for green energy but regulation needs to be accelerated"
Toyota Kirloskar Motor aims to roll out products based on multiple clean technologies while also reinforcing its internal combustion engine based model range to cater to all kinds of emerging customer requirements in the country, according to company's Managing Director Masakazu Yoshimura. Terming India as one of the most important markets for Toyota globally, he noted that the automaker will keep rolling out products based on eco-friendly technologies considering various factors such as the country's energy mix, consumer needs and infrastructure readiness. The automaker, while acknowledging the government support in manufacturing in terms of various schemes like Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) and Production Linked Incentive (PLI) schemes, also pitched for a carbon-based taxation system. In an interaction with PTI on the sidelines of the Auto Expo here, Yoshimura noted that the automaker is conscious of the fact that a huge amount of fore
Puri said India is a place where it's not just economies of scale but where "when we do something hundreds and thousands of people will follow"
Green hydrogen is a zero-carbon fuel made by electrolysis, using renewable power from wind and solar to split water into hydrogen and oxygen
India has only a fraction of the raw materials needed to satisfy domestic demand for lithium-ion batteries - forecast by Crisil to grow 100 fold by 2030 - let alone produce on a global scale
Reliance is seeking billions of dollars of investments in India's energy sector and has approached potential investors including Middle Eastern funds, two of the people said
Plan to have four components; domestic manufacturing of electrolysers key focus area
The clean energy journey is going to be a messy one, with plenty of missteps, side turns and dead ends before the destination is reached
Sterling and Wilson Renewable Energy promoters Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala will sell up to one crore equity shares through the offer for sale route at a floor price of Rs 270 per piece on Wednesday and Thursday. Khurshed Yazdi Daruvala proposes to sell up to 30,00,000 equity shares representing 1.58 per cent of the total issued and paid-up Equity Share capital of the Company on December 20 and 21, 2022 at a floor price of Rs 270 per share, a BSE filing showed. Shapoorji Pallonji and Company Private Ltd proposes to sell up to 70,00,000 Equity Shares representing 3.69 per cent of the total issued and paid-up equity share capital of the company on Wednesday and Thursday at Rs 270 per share. The offer for sale is being undertaken to meet the minimum public shareholding norms. Promoters hold around 76.69 per cent stake in the company as of September 2022. Shares of the company declined by 1.87 per cent to close at Rs 283.40 per piece on BSE on Monday.
An International Energy Agency report suggests that New Delhi's action on renewable deployment on the ground pales in front of Europe and China
Scientists in the US on Tuesday claimed to have found the key to tame the unruly power of nuclear fusion - which fuels the sun. But what is nuclear fusion? Can it help us fight climate change?
India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America
MD Vinayak Pai says firm will not deploy its own capital in this space, but will work with customers who are ready to invest in these projects
India plans to build more nuclear power plants to increase the production of clean energy, the government said on Wednesday.