Essar secures 650m financing deal

07 Oct 2024 CW Team

Essar Energy Transition Fuels has secured $650 million in financing, a significant step in supporting its shift toward sustainable energy. The funds are earmarked to develop clean fuel solutions, including hydrogen production and biofuels, as part of Essar’s strategy to reduce its carbon footprint and lead the energy transition.

This move aligns with global trends to reduce dependence on traditional fossil fuels and foster investment in green energy technologies. Essar’s long-term vision focuses on achieving sustainability in the energy sector, which is critical to meeting climate targets and ensuring energy security in the future.

By securing these financing facilities, Essar strengthens its capability to deliver innovative, low-emission fuel solutions. The financing comes at a crucial time as companies globally are being urged to adopt cleaner energy practices in response to mounting environmental concerns.

Essar’s proactive approach is expected to pave the way for further investments in the green energy domain and inspire similar initiatives across the industry. This funding will also help the company accelerate its projects in hydrogen fuel, biofuels, and other renewable resources, reinforcing its commitment to reducing carbon emissions and contributing to a more sustainable future.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..