NTPC REL, Gujarat Alkalies tie up for green energy

08 Jul 2022 CW Team

NTPC REL has signed an MoU with Gujarat Alkalies and Chemicals (GACL) to pursue green energy and green hydrogen objectives and help the Government’s efforts toward carbon neutrality.

The MoU envisages collaborating in the field of renewable energy, green methanol, and green ammonia, and mutually exploring the opportunities for the supply of 100 MW RE-RTC (renewable energy round the clock) power, as well as synthesizing 75 TPD green methanol and 35 TPD green ammonia for captive use for the production of various chemicals by GACL at its Vadodara and Dahej complexes in Gujarat.

NTPC has been active in RE capacity development and has been credited for bringing the lowest ever solar tariff in the country. NTPC REL, a 100% subsidiary of NTPC, was incorporated in October 2020. It plans to build the country’s first pilot projects for synthesizing green methanol, setting up green hydrogen filling stations, green hydrogen blending into PNG, and green energy storage.

This would be the first commercial-scale green ammonia and green methanol project in the country. Gujarat Alkalies and Chemicals, incorporated in Mar 1973, is a state-owned chemical manufacturing unit.

Also Read:
Ten steps by NITI Aayog to make India a green hydrogen hub
Godi India to set up lithium-ion cell giga factory

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..