Adani Agri Fresh has procured around 2,500 tonnes of apples from farmers since the apple buying season started in the last week of August 2021. According to a company spokesperson, they have received an overwhelming response from the farmers, as Adani Agri Fresh offers higher prices as compared to the mandis. Adani Agri Fresh procures […]
Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries (RIL), along with strategic investors Paulson & Co. Inc. Bill Gates, and a few other investors has announced an investment of $144 million in Ambri Inc, an energy storage company based in Massachusetts, USA. RNESL will invest $50 million to acquire 42.3 million […]
India’s tea industry is expecting a better second quarter as retail demand has been picking up across the country with relaxation of Covid-driven restrictions in most states. The improvement is not only in domestic demand. Orders from the US, UK and other countries are also increasing. Indian tea prices have also corrected over the last […]
Indian Railways in an effort to become an eco-friendly mode of transport has invited bids for its green fuel vertical Indian Railways Organization of Alternate Fuel (IROAF) for Hydrogen Fuel Cell-based Train on the rail network. Under the flagship programs of the Government, ‘Advanced Chemistry Cell (ACC) Batteries’ and ‘National Hydrogen Mission’, the goal of the […]
The North Eastern Regional Agricultural Marketing Corporation Limited (NERAMC) has flagged off the first ever export consignment of Maize to Bangladesh. Though, the initial export order is only for 50 Metric tonnes (MT) of Maize, NERAMAC expects that this will open the floodgate for exporting the varied agri-horti produces of North East India to newer […]
US-based manufacturer of solar modules, First Solar, has announced plans to invest $684 million to set up a new, vertically integrated photovoltaic (PV) thin-film solar module manufacturing facility in India. As per the proposal, the company will build its new manufacturing facility with a 3.3gigawatt (GW) capacity in Tami Nadu. The facility is expected to […]
Torrent Power has signed an agreement with Lightsource India Ltd and Lightsource Renewable Energy (India) Ltd for acquiring its 50 megawatt (MW) solar plant. The enterprise value for the deal is around Rs 317 crore. In a BSE filing, Torrent Power Limited said that it has entered into a securities purchase agreement with Lightsource India […]
Global investor and asset manager, OMERS Infrastructure has inked a stock purchase agreement with International Finance Corporation and IFC GIF Investment Company to 19.4 per cent stake in Azure Power Global Limited for $219 million. The transaction is expected to close in early August 2021. Incorporated in 2008, Azure Power is a leading independent renewable […]
Amp Energy India Private Ltd has joined hands with Copenhagen Infrastructure New Markets Fund (CI NMF), an arm of Copenhagen Infrastructure Partners (CIP), for joint equity investment of over $200 million in renewables. Copenhagen Infrastructure Partners (CIP), is among the largest renewable energy-focused fund managers globally and it has signed an investment agreement through CI […]
The Olympic cauldron, for the first time in Olympic history will be powered with hydrogen and will expectedly shine a new light on the opportunities for clean energy in Japan and across the planet. Hydrogen is being used for the first time to fuel the Olympic torch during its journey through Japan for Tokyo 2020, […]
