HPCL, SECI signs MoU for RE objectives and Carbon-neutral economy

01 Mar 2022 CW Team

A Memorandum of Understanding (MoU) between Hindustan Petroleum Corporation Limited (HPCL) and Solar Energy Corporation of India Limited (SECI) was signed on February 24, 2022, in New Delhi to realise green energy objectives and the Government of India's efforts towards a carbon-neutral economy.

Sh Shuvendu Gupta, HPCL's Chief General Manager for Biofuels and Renewables, and Sh. Sanjay Sharma, SECI's Executive Director, signed the MoU. The Memorandum of Understanding envisions cooperation and collaboration in the fields of renewable energy, electric mobility, and alternative fuels, as well as the development of Environmental, social, and governance (ESG) Projects.

SECI has been at the forefront of renewable energy (RE) capacity development and is credited with bringing the country's lowest RE tariffs.

SECI promotes and develops a variety of renewable energy resources, including solar and wind energy, RE-based storage systems, waste to energy, power trading, Research and development projects (R&D), and RE base products such as green hydrogen, green ammonia, and RE-powered electric vehicles (EVs), among others.

HPCL plans to diversify further in the RE and Electric Mobility sectors, as well as pursue the development of ESG projects, to meet the Government of India's goal of increasing RE capacity and accelerating the adoption of electric mobility in the country.

Hindustan Petroleum Corporation Limited is a subsidiary of Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas (MoP&NG) and has its headquarters in Mumbai, Maharashtra.

Image Source

Also read: Adani Green inks pact with SECI to supply 4,667 MW green power

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..