+
Essar secures 650m financing deal
POWER & RENEWABLE ENERGY

Essar secures 650m financing deal

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.

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.

Next Story
Infrastructure Urban

Revolt Motors Unveils ‘Azadi From Petrol’ Offer

To mark India’s 78th Independence Day, Revolt Motors, the country’s leading electric motorcycle brand, has introduced its special “Azadi From Petrol” offer, encouraging riders to break free from rising fuel costs and embrace smarter, sustainable mobility.Under this limited-period scheme, customers purchasing any Revolt electric motorcycle can enjoy benefits worth up to Rs 20 million. The package includes zero insurance fees, providing free coverage valued at up to Rs 7 million, along with cash savings of up to Rs 13 million.The initiative highlights Revolt’s mission to make electric ..

Next Story
Infrastructure Energy

Inox Green Signs 182 MW Wind O&M Deal

Inox Green Energy Services Ltd., one of India’s leading renewable energy operations and maintenance (O&M) providers, has signed an agreement with a major diversified Indian conglomerate for the comprehensive O&M of 182 MW of operational wind projects under its renewable energy division.Located across multiple sites in Western India, these projects are integrated with common infrastructure owned by Inox Green. The deal includes converting 82 MW of wind projects from limited-scope to comprehensive O&M, as well as renewing comprehensive O&M for another 100 MW well ahead of sched..

Next Story
Infrastructure Urban

MPL Q1 Profit Rises to Rs 144 Million

Manali Petrochemicals Limited (MPL), a leading petrochemical manufacturer and part of AM International, Singapore, has reported its unaudited consolidated financial results for the quarter ended 30 June 2025.The company posted a consolidated total income of Rs 2.43 billion for the quarter, up from Rs 2.38 billion in the preceding quarter ended 31 March 2025. Profit Before Tax (PBT) stood at Rs 200 million, compared to Rs 159 million in the previous quarter, while Profit After Tax (PAT) rose to Rs 144 million from Rs 108 million. For the full year ended 31 March 2025, MPL recorded a total incom..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?