ACME Cleantech, Karnataka govt inks MoU for green hydrogen plant
POWER & RENEWABLE ENERGY

ACME Cleantech, Karnataka govt inks MoU for green hydrogen plant

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

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

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?