ACME, IHI Form JV for 0.4 MnT Green Ammonia Plant in Odisha

15 Sep 2025 CW Team

Renewable energy firm ACME Group and Japan-based IHI Corporation have formed a joint venture to establish a 0.4 million tonnes (MnT) green ammonia project at Gopalpur in Odisha, a statement said on Wednesday.

The land for the project has been secured, and the Front-End Engineering Design (FEED) has been completed, the two companies said in a joint statement.

ACME Group and IHI Corporation had signed an initial Memorandum of Understanding (MoU) in 2023.

IHI Corporation holds a 30 per cent stake in the joint venture—ACME Clean Energy Private Limited—while ACME Group retains the remaining 70 per cent. The facility is expected to produce approximately 0.4 MnT of green ammonia annually upon completion.

This is one of the single-largest foreign collaborations in India’s green hydrogen and ammonia sector, the statement added, without disclosing financial details.

The project will be financed through a combination of external debt, sourced from Japanese Export Credit Agencies, International Financial Institutions, and equity from the joint venture partners.

“Odisha offers strategic advantages for energy and export opportunities. Together with IHI, we will build a future-ready ecosystem that strengthens energy security, generates employment, and contributes to the global fight against climate change,” said Manoj Kumar Upadhyay, Chairman of ACME Group.

The green ammonia produced will be primarily supplied to Japanese end users in the power and chemical sectors, supporting Japan’s long-term decarbonisation goals, the statement said.

Infrastructure Urban

15 Sep 2025

Adani Road to Acquire D P Jain TOT Toll Roads for Rs 13.42B

Adani Road Transport Limited (ARTL), a wholly owned subsidiary of Adani Enterprises, has executed a Share Purchase Agreement (SPA) on 11 September 2025 to acquire a 100 per cent stake in D P Jain TOT Toll Roads Private Limited (DPJTOT). The acquisition, valued at an enterprise value not exceeding Rs 13.42 billion, is subject to regulatory approvals and customary conditions.Under the agreement, ARTL will acquire the stake from D P Jain TOT Toll Roads Pvt. Ltd (DPJTOT), D P Jain & Co Infrastructure Pvt. Ltd., and DPJ-DRA Tollways Pvt. Ltd.The transaction details have been disclosed pursuant ..

All-Women Team Commissions 100-Tonne Dump Truck at Tata Steel

In a record-setting development in India’s mining and construction equipment sector, an all-women team from Larsen & Toubro’s Construction & Mining Machinery business (L&T CMB) has commissioned a 100-tonne dump truck at Tata Steel’s Noamundi iron ore mine in Jharkhand.This marks the first instance in India where a machine of such scale and complexity has been assembled, tested and commissioned entirely by women technicians. The milestone reflects L&T’s commitment to fostering gender inclusivity and empowering women in traditionally male-dominated industries.The Komatsu ..

Kochi Metro Pauses Work for Rs 50 Million Pipeline Shift

Kochi Metro Rail Limited (KMRL) will pause its piling works in the Padamugal and Vazhakkala regions for ten days to allow the Kerala Water Authority (KWA) to complete its pipeline relocation work.The decision follows frequent pipe bursts in the area and disruptions to water supply in Thrikkakara municipality.During this period, the KWA will carry out pipeline relocation from Kunnumpuram to Kumaranasan Road. KMRL will resume piling work only after the pipeline has been relocated and tested.The decision was made during a meeting between KMRL and KWA to address the recurring pipe burst issues in ..