GAIL, IPICOL sign MoU for developing clean energy projects in Odisha

11 Jan 2022 CW Team

According to an official statement, the scope of the MoU includes, among other things, preparing a feasibility study for the proposed plants, as well as promoting the production of environmentally friendly fuels in Odisha.

Green hydrogen would assist industries in reducing aggregate greenhouse gas (GHG) emissions, thereby contributing to the overall goals of the central government's INDC targets. Odisha, as a power surplus state, is looking to strengthen its position in the power sector, and these new plants will help Odisha-based heavy industries meet their growing power needs.

Hemant Sharma, the Principal Secretary to the Odisha government's Industries Department, praised GAIL's active interest in establishing a Green Hydrogen plant.

Sharma told the media that Odisha has a large pre-existing market for hydrogen and that by working together to produce green hydrogen in bulk, the cost of green hydrogen for industrial use will be reduced.

GAIL is laying natural gas pipelines in Odisha, establishing a CGD project, and establishing a coal gasification plant in a joint venture, according to MV Iyer, Director.

GAIL (India) Limited is India's leading natural gas company, with diversified interests in trading, transmission, LPG production and transmission, LNG regasification, petrochemicals, city gas, E and P, and other areas of the natural gas value chain. It owns and operates a natural gas pipeline network spanning the length and breadth of the country, totalling 13,340 km. It is also executing multiple pipeline projects at the same time to increase the spread. GAIL has a 70% market share in gas transmission and a 50% market share in gas trading in India.

Image Source

GAIL (India) Limited and the Industrial Promotion and Investment Corporation of Odisha (IPICOL) signed a Memorandum of Understanding (MoU) on Wednesday for cooperation in the areas of green hydrogen, green ammonia, and renewable energy for the production of eco-friendly fuels in Odisha. According to an official statement, the scope of the MoU includes, among other things, preparing a feasibility study for the proposed plants, as well as promoting the production of environmentally friendly fuels in Odisha. Green hydrogen would assist industries in reducing aggregate greenhouse gas (GHG) emissions, thereby contributing to the overall goals of the central government's INDC targets. Odisha, as a power surplus state, is looking to strengthen its position in the power sector, and these new plants will help Odisha-based heavy industries meet their growing power needs. Hemant Sharma, the Principal Secretary to the Odisha government's Industries Department, praised GAIL's active interest in establishing a Green Hydrogen plant. Sharma told the media that Odisha has a large pre-existing market for hydrogen and that by working together to produce green hydrogen in bulk, the cost of green hydrogen for industrial use will be reduced. GAIL is laying natural gas pipelines in Odisha, establishing a CGD project, and establishing a coal gasification plant in a joint venture, according to MV Iyer, Director. GAIL (India) Limited is India's leading natural gas company, with diversified interests in trading, transmission, LPG production and transmission, LNG regasification, petrochemicals, city gas, E and P, and other areas of the natural gas value chain. It owns and operates a natural gas pipeline network spanning the length and breadth of the country, totalling 13,340 km. It is also executing multiple pipeline projects at the same time to increase the spread. GAIL has a 70% market share in gas transmission and a 50% market share in gas trading in India. Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..