Epsilon Carbon, Alba Sign $20 Mn Pact; IPO Planned by 2027

04 Nov 2025 CW Team

Epsilon Carbon, India’s largest coal tar pitch (CTP) manufacturer, has signed a Memorandum of Understanding (MoU) worth $20 million with Aluminium Bahrain (Alba) to explore a long-term supply partnership for liquid CTP. The MoU was signed on the sidelines of the Gateway Gulf 2025 event.

The agreement will strengthen Epsilon Carbon’s presence in the Middle East, where aluminium smelters between Bahrain, Qatar and Saudi Arabia collectively consume around 250,000 tonnes of CTP annually. The company aims to establish a dedicated pitch centre in Bahrain to cater to Alba and other GCC smelters.

Epsilon Carbon has manufacturing units in Karnataka, Chhattisgarh and Odisha, and is expanding its battery-materials operations across the USA, Finland and Germany. The company has announced investments of Rs 100 billion in Odisha and Rs 5 billion in Karnataka.

Coal tar pitch, a key derivative of coal processing, is used in the production of carbon anodes and cathodes for aluminium smelting and is also integral to electric-vehicle battery manufacturing.

Infrastructure Transport

04 Nov 2025

Madhya Pradesh Launches PM Shri Tourism Helicopter Service

Madhya Pradesh has achieved a national first by launching the PM Shri Tourism Helicopter Service, establishing India’s first intra-state air connectivity. Chief Minister Dr Mohan Yadav inaugurated the service at Raja Bhoj International Airport, Bhopal, marking a significant step towards transforming the state’s tourism infrastructure. Following the launch, four helicopters departed for Ujjain, symbolising the start of regional air tourism. The initiative, led by the Madhya Pradesh Tourism Board, will operate under a Public-Private Partnership (PPP) model, connecting the state’s key reli..

Garuda Aerospace CEO Honoured by Tamil Nadu Governor

Chennai, 3 November 2025: Agnishwar Jayaprakash, Founder and Chief Executive Officer of Garuda Aerospace, was felicitated by Tamil Nadu Governor Thiru R.N. Ravi for his exceptional contribution to India’s drone technology ecosystem. The recognition was presented during the Foundation Day celebrations of several States and Union Territories at Bharathiar Mandapam, Raj Bhavan, in Chennai. The honour acknowledges Jayaprakash’s leadership in strengthening the country’s unmanned aerial vehicle (UAV) capabilities and his efforts in harnessing technology for social good. He was also recognised..

Hindustan Zinc’s EcoZen Delivers 75 per cent Lower Carbon Emissions

Udaipur, 3 November 2025: Hindustan Zinc, the world’s largest integrated zinc producer and among the top five global silver producers, has reinforced its sustainability leadership with EcoZen, Asia’s first low-carbon zinc brand. The innovation achieves over 75 per cent lower carbon intensity than conventional zinc, setting new standards in green manufacturing and industrial decarbonisation. Produced using renewable energy and certified under REACH standards, EcoZen helps avoid an estimated 400 kg of carbon emissions for every tonne of steel galvanised. It supports India’s Viksit Bharat ..