Welspun Corp and Tata Steel enter a green energy partnership
Steel

Welspun Corp and Tata Steel enter a green energy partnership

Welspun Corp (WCL) and Tata Steel have agreed upon an MoU to jointly work towards developing the framework for and subsequently manufacturing green pipes for the transportation of pure hydrogen, and hyd...

Welspun Corp (WCL) and Tata Steel have agreed upon an MoU to jointly work towards developing the framework for and subsequently manufacturing green pipes for the transportation of pure hydrogen, and hydrogen blended with natural gas. This partnership is touted to assess the suitability of a variety of pipes manufactured by WCL for the transportation of the fuel of the future, which will aid in mitigating climate change-led issues and build a secure future for posterity. Hydrogen will play a significant role in decarbonising the world's energy supply. This MoU will enhance the general understanding and knowledge of the transportation of hydrogen globally. Commenting on this, Vipul Mathur, Managing Director & CEO, WCL, said, WCL is working towards strengthening its expanding product portfolio both in India and globally while focusing on building a future-ready world. Our strategic partnership with Tata Steel enables us to jointly adopt and build awareness about the usage of green hydrogen in our daily lives. This endeavour is in line with our ongoing efforts to strategically embed ESG drivers across our business, and the Government’s vision for a net-zero economy by 2070. The green energy strategic partnership is synchronous with the Government of India’s green hydrogen policy, promising cheaper renewable power, fee waiver for inter-state power transmission for 25 years for projects commissioned before June 2025, land in renewable energy parks, and manufacturing zones to help local industries limit the use of fossil fuels. Rajeev Singhal, Vice President-Marketing & Sales (Flat Products), Tata Steel, said, “The green energy strategic partnership with WCL is an important step in our journey towards sustainability. This will enable us to jointly develop steel for safe transportation of hydrogen gas which is a critical requirement for adoption of hydrogen fuel in line with the Government’s National Hydrogen Mission.”

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?