+
Chennai-based Ramcharan to invest Rs 15k cr for waste-to-energy units
WATER & WASTE

Chennai-based Ramcharan to invest Rs 15k cr for waste-to-energy units

Chennai based chemical distributor Ramcharan will invest Rs 15,000 crore for setting up two waste-to-energy units in Tamil Nadu and Gujarat.

The Tamil Nadu unit comes up in the district of Rameshwaram on a land parcel that spreads across 70 acres. It will be acquired by the company by the end of this month. The Gujarat unit will be set on a plot of a similar size in the Kutch district. The land will be acquired by the end of this month or early next month.

The plants will have an individual investment of Rs 7,500 crore. Both of them will be functioning by the third quarter of 2022, director Kaushik Palicha said.

Palicha's father began chemical trading in Chennai in 1965. The Research and development of Ramcharan have focused on the development of end-of-life chemicals transforming unsegregated waste to energy and new-generation energy storage devices. This was also a major reason for a high valuation and equity partnership worth $4.14 billion with the American fund TFCC International.

'Entity One' is the brand name under which the waste-to-energy products and services are rendered that leave no residues.

A $4.14-billion investment was received by the company in December last year from a New York-based impact fund, TFCC International. The equity consideration was 46 %. This made the company’s value $9 billion.

The company also signed a $2.2-billion deal after a few weeks with the Ghana-based Masri Company for supplying waste to energy units expected to generate 300 MW of power in the African nation. Last week, it had signed a contract worth $700 million for supplying similar units to Azerbaijan-based Kafkans Finanz and it is expected to generate 200 MW of power. These two orders will be finished by mid-2023.

Ramcharan uses technology that has zero toxic residues while being utilised for conversion of unsegregated waste of all kinds into energy. It is also the first of its kind on a global level.

Image Source

Also read: Centre flags Mumbai's first waste-to-energy plant

Chennai based chemical distributor Ramcharan will invest Rs 15,000 crore for setting up two waste-to-energy units in Tamil Nadu and Gujarat. The Tamil Nadu unit comes up in the district of Rameshwaram on a land parcel that spreads across 70 acres. It will be acquired by the company by the end of this month. The Gujarat unit will be set on a plot of a similar size in the Kutch district. The land will be acquired by the end of this month or early next month. The plants will have an individual investment of Rs 7,500 crore. Both of them will be functioning by the third quarter of 2022, director Kaushik Palicha said. Palicha's father began chemical trading in Chennai in 1965. The Research and development of Ramcharan have focused on the development of end-of-life chemicals transforming unsegregated waste to energy and new-generation energy storage devices. This was also a major reason for a high valuation and equity partnership worth $4.14 billion with the American fund TFCC International. 'Entity One' is the brand name under which the waste-to-energy products and services are rendered that leave no residues. A $4.14-billion investment was received by the company in December last year from a New York-based impact fund, TFCC International. The equity consideration was 46 %. This made the company’s value $9 billion. The company also signed a $2.2-billion deal after a few weeks with the Ghana-based Masri Company for supplying waste to energy units expected to generate 300 MW of power in the African nation. Last week, it had signed a contract worth $700 million for supplying similar units to Azerbaijan-based Kafkans Finanz and it is expected to generate 200 MW of power. These two orders will be finished by mid-2023. Ramcharan uses technology that has zero toxic residues while being utilised for conversion of unsegregated waste of all kinds into energy. It is also the first of its kind on a global level. Image Source Also read: Centre flags Mumbai's first waste-to-energy plant

Next Story
Infrastructure Transport

Chennai to Vellore in 60 Minutes with Proposed RRTS

Chennai Metro Rail Limited (CMRL) has taken the first step towards revolutionising regional connectivity in Tamil Nadu by awarding contracts worth over Rs 2.2 crore to Balaji Railroad Systems Ltd (BARSYL) for preparing Detailed Feasibility Reports (DFRs) for three proposed Regional Rapid Transit System (RRTS) corridors.Inspired by the Delhi-Meerut RRTS model, these corridors are designed to link major urban and industrial hubs with high-speed, efficient rail systems. The three proposed routes include:1. Chennai–Kanchipuram–Vellore2. Chennai–Chengalpattu–Tindivanam–Villupuram3. Coimba..

Next Story
Infrastructure Transport

Patna Metro Dispatches First Coach Ahead of August Launch

Patna’s metro project has achieved a significant milestone with the dispatch of the first trainset for the Blue Line, signalling the beginning of its operational phase. Scheduled for launch on 15 August 2025, this development marks a major leap towards improving the city’s public transport infrastructure and reducing urban congestion.The three-coach trainset will run on a 6.49-km elevated section between Malahi Pakri and the New ISBT, a priority corridor designed to serve one of the busiest traffic zones in the city. The launch is expected to bring relief to commuters who currently depend ..

Next Story
Infrastructure Urban

Kilambakkam Skywalk Construction Resumes After Revision

Work on the much-anticipated pedestrian skywalk connecting Kilambakkam’s Kalaignar Centenary Bus Terminus (KCBT) with a new suburban railway halt station has resumed, following a redesign that resolved long-standing land acquisition disputes. The project, overseen by the Chennai Unified Metropolitan Transport Authority (CUMTA), aims to enhance last-mile connectivity and boost multi-modal transport integration in South Chennai.Originally envisioned as a 275-metre-long skywalk supported by 55 structural grids, the project was stalled due to legal challenges from landowners opposing the acquisi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?