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Adani, Dioxycle to build India’s first renewable-powered formic acid plant
Adani Enterprises Limited (AEL) has announced a long-term partnership with French clean-technology company Dioxycle to develop and scale low-carbon chemical manufacturing in India. The media release was submitted to stock exchanges on July 10, 2026. The collaboration will begin with a pilot facility at an Adani Group site to produce formic acid using captured carbon…
India to launch Critical Mineral Mission in 2025
India is set to launch its Critical Mineral Mission in 2025, an initiative to secure essential minerals for the country’s green energy transition and electric vehicle (EV) sector growth. This mission will bring together multiple ministries, industries, research institutions, and global think tanks to ensure a sustainable supply of critical minerals like lithium and cobalt….
FAME Scheme: Rs 88.44 billion spent on electric vehicle incentives
The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME-India) Scheme, launched to promote electric mobility, has spent Rs 88.44 billion as of October 31, 2024. This includes Rs 65.77 billion in subsidies, Rs 22.44 billion for capital assets, and Rs 230 million for other expenses. Under FAME-II, launched in 2019 with…
Eastman Auto partners with Urja Mobility for lithium-ion battery technology
Eastman Auto and Power Limited (EAPL), through its subsidiary Eastman New Energy Private Limited, has signed a Memorandum of Understanding (MoU) with MTOW Mobility Private Limited (Urja Mobility) to collaborate on developing and deploying lithium-ion battery technology for India’s growing electric vehicle (EV) market. As part of the partnership, Urja Mobility has committed to sourcing…
AM Green to acquire 17.5% stake in Greenko from ORIX
AM Green BV (AMG) has signed definitive agreements to acquire a 17.5% equity stake in Greenko Energy Holdings from Japanese financial services group ORIX Corporation. The deal is expected to close in July 2025. Following the completion, AM Green and its promoter group will collectively hold a 25% stake in Greenko. The acquisition is part…
India | Generation | NewsNaveen Jindal Group explores sites for 18 GW nuclear power portfolio
The Naveen Jindal Group is evaluating locations across more than nine states for the development of nuclear power projects as it prepares to enter the atomic energy sector, according to a company official familiar with the matter. Discussions with various state governments are currently underway, with site assessments focusing on factors such as land availability,…
