Prayagraj Power Generation Company (PPGCL) signed a Memorandum of Understanding with ZaaK Technologies GmbH to jointly develop India's first Lypors pilot manufacturing factory at PPGCL, and Tata Power Co climbed 1.39% to Rs 225.70.
PPGCL is a wholly-owned subsidiary of Renascent Power Ventures, an Indian company that is a wholly-owned subsidiary of Resurgent Power Ventures Pte, a joint venture (JV) between Tata Power International Pte (TPIPL), ICICI Bank, and other global investors. By minimising the usage of valuable natural sand resources, the partnership between PPGCL and ZaaK will build a new sector of sustainable construction materials. As a result, PPGCL will be able to make significant progress toward its goal of implementing sustainable thermal power generation techniques. Lypors is a patented sand material made from upcycling a variety of mineral wastes, such as fly ash, pond ash, old-deposited ash, and bauxite residue, and is used to make lightweight concrete, mortar, plaster, and other building goods. PPGCL's collaboration with ZaaK is in line with the Ministry of Environment, Forestry and Climate Change's (MoEFCC) draft notification, which calls for the use of 100% ash. The country will be able to manage the profitable use of fly ash thanks to the technology. In Q3 December 2021, Tata Power Co's consolidated net profit increased by 73.3% to Rs 551.89 crore, thanks to a 43.6% increase in net sales to Rs 10,913.14 crore, compared to Q3 December 2020. Tata Power Company (TPC) is one of India's major private power companies, having 13,068 megawatts of installed generation capacity as of September 2021. Power generation from thermal, hydro, solar, and wind sources, as well as transmission and distribution, are all part of the company's operations. In addition, the corporation holds coal mines in Indonesia and a coal mining licence in Russia. Image Source