by Sawon Banerjee | Mar 8, 2021 | News
Larsen & Toubro has won orders from the power transmission and distribution sector worth in the range of `2,500 crore – `5,000 crore, the engineering major said.
These orders include two engineering, procurement and construction EPC orders from two solar photovoltaic units of 200 megawatts (mw) each in Gujarat. L&T will be responsible for designing, engineering, supply, construction, testing, commissioning and operations and maintenance of the grid connected solar power units.
The company won another project for evacuation of power from solar energy zones in Rajasthan to build a 765kV double circuit transmission line.
by Sawon Banerjee | Mar 8, 2021 | News
In a move to bring down carbon emissions, cement maker ACC Ltd has launched its new low carbon range of ready mix concrete, ECOPact, in Mumbai and Hyderabad, and will be rolled out across India in a phased manner in the next few weeks.
“The innovative manufacturing process of the ECOPact range, reduces CO2 emissions by up to 100% and further enhances our sustainable products offerings for the construction industry”, said Sridhar Balakrishnan, Managing Director, ACC Limited. The rollout of ECOPact is a key plank towards advancing the transition towards low-carbon and circular construction, the company said in a statement.
by Sawon Banerjee | Mar 8, 2021 | News
“Solar power is set for explosive growth in India, matching coal’s share in the Indian power generation mix by 2040, the International Energy Agency (IEA) said, driven by falling renewable tariffs and a government push to increase green energy use.
Coal currently dominates India’s electricity sector, accounting for over 70% of overall generation with only about 4% produced through solar. India was on track to exceed its commitments as a part of the 2015 Paris agreement, the IEA said.
India has the potential to become a world leader in battery storage, the IEA said, adding the country could add 140-200 GW capacity of battery
by 2040.
Still, India’s emissions of carbon dioxide could rise as much as 50% by 2040, the largest of any country, enough to offset entirely the projected fall in emissions in Europe over the same period.
India is the world’s second largest coal market and holds the world’s fifth largest coal reserves. The nation’s coal demand is estimated to rise by over nearly a third by 2040, with share of imports shrinking to below 30%.
by Sawon Banerjee | Mar 8, 2021 | News
Tata Steel is betting on expanding steel demand to double its capacity to 40 million tonnes. Having reduced debt by `18,000 crore, Asia’s oldest steelmaker plans to resume its expansion plans at its existing facilities in Odisha and Jharkhand.
Tata Steel has restarted work on a pellet plant and cold-roll mill complex expansion at Tata Steel Kalinganagar. It was halted due to the lockdowns. The expansion of the Kalinganagar plant to 8 mtpa from 3 mtpa will incur a cost of around `25,000 crore, the company said.
by Sawon Banerjee | Mar 8, 2021 | News
Hindustan Zinc signed a Memorandum of Understanding with Epiroc – a Sweden mining and infrastructure equipment maker for supplying battery electric vehicle (BEV) for underground mining, in a move to achieve zero-emission and sustainable mining enabling the mine operations to become more environment friendly.
“This partnership with Epiroc fortifies our commitment to green and responsible mining and takes us further in the right direction to achieve carbon neutrality, in line with our emission reduction Sustainability Development Goal for 2025,” said Mr Arun Misra, CEO, Hindustan Zinc.
“We showcase the BEV in underground mining with the broadest offerings and a mission to deliver the world’s greenest machines. Our memorandum with Hindustan Zinc is a step on our mutual journey for a safer and more sustainable mining operation to come,” said Jerry Andersson, managing director, Epiroc India
This partnership will in future allow a fleet of highly efficient electric powered equipment that at one end will reduce carbon emission by replacing diesel-fuelled equipment and on the other hand will increase productivity with its evolved design, Andersson added.
