Reliance Group is the only company that has won incentives under the National Green Hydrogen Mission in both the tranches for green hydrogen production.
India is poised to attract Rs 30 lakh crore worth of investment to meet the 2030 target of 500 GW in renewable power capacity.
The term sheet and the subsequent offtake agreement covers the long-term supply of up to 50 percent of renewable ammonia from Phase 1 of AM Green’s ammonia production facility in Kakinada
Talks are taking place between fertilizer manufacturers and the country’s renewable energy ministry to assess potential demand for the feedstock, Bhupinder Singh Bhalla, the department’s top bureaucrat, said in an interview.
The waiver is applicable to projects commissioned till December 31, 2032, the Ministry of Power said in a statement.
The fall in raw material prices accelerated since the Union Budget on February 1
The full vision document of the National Hydrogen Mission policy on green hydrogen and green ammonia is likely to be unveiled in the next two months
The state-owned company had posted standalone net profit of Rs 161.8 crore in the July-September quarter of the 2015-16 fiscal, Shipping Corporation of India said in a BSE filing.
As per the proposal, an ammonia-urea plant will be set up at Thal in Maharashtra with a capacity of 1.27 million tonnes per annum at the company's current manufacturing location.
The new plant will have capacity of about 1.27 million tonnes of urea per annum and it will also produce ammonia. The new project will be covered under the new urea investment policy, which has been recently notified by the government.
According to Shailesh Mehta, Deepak Fertilizers will maintain its margins or even perform better than 35 percent if the ammonia prices remain low. The company will explore all the options to increase its stake in MCF as it will be beneficial for both the companies.
Public sector fertiliser major Rashtriya Chemicals & Fertilisers Ltd (RCF) today said it has embarked on a major expansion at its Thal unit at a cost of Rs 4,112.5 crore.
