ACME Cleantech, Karnataka govt inks MoU for green hydrogen plant

09 Jun 2022 CW Team

Gurugram-based ACME Cleantech Solutions Private Limited inked a Memorandum of Understanding (MoU) with the Karnataka government proposing to infuse Rs 51,865 crore in the state within five years for installing a green hydrogen and ammonia plant with an allied solar power plant in Mangaluru.

The firm proposes to invest Rs 5,300 crore in the first phase, and Rs 46,565 crore in the second phase. It has proposed to create 1,800 jobs, according to the MoU.

An MOU was inked with ACME Cleantech Solutions Pvt Ltd Group for a Rs 52,000 crores investment to set up a Hydrogen & Ammonia plant & allied Solar Power Plant in Mangaluru. The ease of doing business in Karnataka makes it appealing to investors.

The MoU said the Karnataka government would encourage ACME to obtain all necessary permissions, registrations, clearances, approvals, and incentives from the concerned department of the state government according to its prevailing policies, rules, and regulations.

Chief Minister Basavaraj Bommai, Karnataka Energy Minister V Sunil Kumar, and ACME Group's Vice-President Shashi Shekhar were among those present at the event.

Image Source

Also read: Govt announces new green hydrogen policy to cut down fossil fuel use

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..