Gold
Two Malaysian cos to invest Rs 32k cr in Karnataka
Petronas and GIC Invest in India's Green Ammonia
Malaysia's Petronas and Singapore's sovereign wealth fund, GIC, have announced their joint investment in a green ammonia production project in India. The project, developed by AM Green, an initiative by the founders of clean energy company Greenko Group, aims to produce 5 million tonnes of green ammonia annually by 2030. This endeavour, known as AMG Ammonia, will utilise renewable energy around the clock. The substantial production capacity positions AMG Ammonia to become a global pioneer in large-scale green ammonia production. It is expected to serve key markets, including Germany, Japan, So..
Indian energy producer AM Green pursues $ 1 billion funding
AM Green, a company specialising in hydrogen and ammonia production and owned by the founders of Indian renewable company Greenko Energy Holdings, is reportedly planning to secure approximately $ 1 billion in funding to support its expanding operations. People familiar with the situation disclosed that the firm is collaborating with an advisor to facilitate the fundraising effort, aimed at enhancing its capacity to produce green hydrogen and various chemical compounds. AM Green's objective is to establish a production capacity of one million tonnes per year for green methanol.
In a sta..
TN Cabinet approves project that will bring Rs 35,000 cr investments
Adani Energy Acquires Essar's Transmission Assets
Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.
The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..
IEX Q4 Net Profit Grows 9.5%
The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.
The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..
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