IndianOil, EverEnviro join hands for biofuel push with 50:50 JV

17 Oct 2024 CW Team

In a significant step towards promoting sustainable energy, IndianOil has entered into a joint venture with EverEnviro Resource Management Pvt. Ltd. to boost biofuel adoption in India. The 50:50 partnership will focus on expanding the use of Compressed Biogas (CBG), a cleaner and renewable energy source derived from organic waste. The agreement was signed by Santanu Gupta, Executive Director (Alternative Energy), IndianOil, and Mahesh Girdhar, MD & CEO of EverEnviro, in the presence of senior officials from both organizations. The joint venture will work towards setting up CBG plants across the country, contributing to India’s Net Zero goals. This venture is part of IndianOil’s broader low-carbon development strategy. By integrating advanced biogas technologies, the JV aims to convert organic waste into CBG, reducing greenhouse gas emissions and providing a sustainable alternative to traditional fossil fuels. “CBG offers numerous benefits to India and the environment. It promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities,” a statement reads. The initiative aligns with IndianOil’s commitment to achieving operational net zero by 2046. The adoption of biofuels is seen as a crucial step towards meeting India's national goal of becoming net zero by 2070.

Real Estate

08 Sep 2025

Max Estates Secures 7.25 Acre Land in Gurugram for Luxury Housing

Max Estates (Max Estates), a leading NCR real estate developer, has acquired development rights for a 7.25 acre land parcel in Sector 59, Gurugram, along the prime Golf Course Extension Road. The project has a development potential of approximately 1.3 million sq ft with an expected outlay of Rs 5.34 billion, offering a Gross Development Value (GDV) of more than Rs 30 billion. The transaction involves the purchase of 100 per cent shareholding in Base Buildwell (BBPL), the SPV holding license and development rights for the parcel, subject to regulatory approvals. With this acquisition, Max..

10th Belt and Road Summit to Drive Collaboration in Hong Kong

The 10th edition of the Belt and Road Summit will be held on September 10-11 at the Hong Kong Convention and Exhibition Centre, marking a decade of progress under the Belt and Road Initiative (B&RI) and opening new avenues for collaboration among governments and businesses. Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), the Summit is themed “Collaborate for Change • Shape a Shared Future”. It will feature over 90 high-level government officials and business leaders from across Belt a..

Mumbai Introduces 12-Metre Electric Buses in BEST-PMI Partnership

In a milestone for sustainable urban transport, PMI Electro Mobility’s Mumbadevi Mobility, in partnership with the Brihanmumbai Electric Supply and Transport (BEST), launched the first batch of fully electric buses in Mumbai. At an official ceremony held at the BEST Office, Colaba Depot, four 12-metre e-buses were flagged off by Ashish Sharma, IAS, General Manager, BEST. This marks the first phase of a 250-bus fleet aimed at strengthening public transport and cutting the city’s carbon footprint. The buses will operate from Oshiwara Depot, serving high-demand routes for greater c..