Invest in research, innovation to cut green hydrogen cost: Ireda CMD

06 Oct 2023 CW Team

During his address at the AtoZero (Accelerate to Net Zero) ASEAN Summit in Kuala Lumpur, Pradip Kumar Das, CMD of state-owned Ireda, emphasised that reducing the cost of producing green hydrogen is achievable through investments in research, development, and innovation. The Ministry of New and Renewable Energy (MNRE) revealed in a statement that Das stressed the significance of these investments in discovering cost-effective methods for green hydrogen production.

He further suggested the optimisation of economies of scale in transportation, including pipelines and liquefaction, as well as storage facilities through the establishment of hydrogen hubs. These hubs, he believed, would encourage the enhanced utilisation of infrastructure, thereby advancing the green hydrogen sector.

Additionally, it was noted that the Indian Renewable Energy Development Agency (Ireda) had established a pavilion at the event, inaugurated by Deputy Prime Minister of Malaysia Datuk Seri Fadillah Yusof. Das stated that Ireda is anticipating its initial public offering (IPO) to allow the company to expand its capital base, fulfilling its future capital needs and enabling onward lending. Ireda, operating under the Ministry of New and Renewable Energy, functions as a non-banking financial institution. Its primary focus lies in promoting, developing, and providing financial assistance for the establishment of projects related to new and renewable energy sources, energy efficiency, and conservation.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..