DFC Commits $30 Million for Plastic Recycling in India

19 Oct 2023 CW Team

The US International Development Finance Corporation (DFC) has pledged $30 million to Dalmia Polypro Industries to establish a plastic recycling facility in Maharashtra. Dalmia, known for producing high-quality recycled materials from post-consumer plastic waste, will secure the funds through external commercial borrowing (ECB) to support the new recycling facility in Nashik, according to a DFC statement.

The facility is expected to enhance India's plastic waste value chain and increase its capacity to reduce plastic waste, as noted by Ajay Rao, DFC's regional managing director for South Asia.

This recycling facility is designed to handle 1,71,000 metric tonnes of recycling per year and facilitate the development of food-grade recycled materials and applications by Dalmia Polypro. Moreover, the facility will manufacture high-quality recycled PET (rPET), PP (rPP), and HDPE (rHDPE) flakes and granules, with a portion of its power coming from renewable energy and biofuel sources.

An agreement between the two parties was signed in the financial capital on Wednesday.

Mike Hankey, Consul General at the US Consulate General in the city, remarked, "Dalmia's new facility will expand recycling capacity in India, generate employment, and provide economic opportunities for informal workers and small and medium-sized enterprises involved in the plastics recycling supply chain."

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..