Greenko inks supply deal of green ammonia with Norway's Yara

15 May 2024 CW Team

Norway's Yara Clean Ammonia, the world's largest trader and distributor of ammonia, has come into an agreement with India-based Greenko. The Hyderabad-based firm will supply renewable ammonia to the Norwegian firm for Phase 1 of its ammonia production facility in Kakinada, India. The pact is done via its green ammonia production unit, AM Green.

The company highlighted that this term sheet and the subsequent offtake agreement cover the long-term supply of up to 50% renewable ammonia from Phase 1 of AM Green's ammonia production facility in Kakinada will generate and export renewable ammonia using carbon-free energy that runs continuously.

Mahesh Kolli, President of AM Green, stated that the continuous focus on innovation, coupled with effective execution, strengthens AM Green's position as a leading global platform for clean energy transition solutions. He emphasised the company's expertise in producing low-cost green molecules such as hydrogen, ammonia, fuels, and other chemicals.

Hans Olav Raen, CEO of Yara Clean Ammonia, commented on the AM Green Kakinada project, stating that it expands their portfolio of ammonia produced with renewable energy. He further mentioned that the project solidifies Yara Clean Ammonia's role as a dependable supplier of low-emission ammonia to established and emerging markets. These markets include fertiliser production, clean ammonia cracking to produce hydrogen, shipping fuel, power generation, and various industrial applications.

In order to provide low-emission fertiliser and to decarbonise other businesses, including shipping, power, and other industries, Yara Clean Ammonia will make use of the renewable ammonia supply.

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..