Telecom Industry Alerts Public Against Frauds Relating To Mobile Tower Installation

The telecom industry, represented by DIPA and COAI, the apex representative bodies of telecom infrastructure providers and telecom service providers respectively, have cautioned the public against the fraud related to the installation of mobile towers on their properties.

The public is cautioned against certain companies, agencies, or individuals who are fraudulently approaching people and asking them to deposit money in their personal or company accounts in the name of government tax for leasing their premises for installation of mobile towers. The same individuals are additionally offering fake “No Objection Certificates” from the Ministry of Telecommunications and Information Technology for the installation of towers.

Mobile towers are installed either by Telecom Service Providers (TSP) or Infrastructure Providers (IPs). People are requested to verify authenticity by visiting the websites of TSPs or IPs before accepting any offers for tower installation. An updated list of approved TSPs and IPs is also available at www.dot.gov.in

Mr. T R Dua, DG, DIPA, said, “The mobile towers are installed by the Telecom Infrastructure providers like Indus Towers, American Tower Corporation, Summit Digital Infrastructure, Ascend Telecom, Tower Vision. IPs are taking several steps to caution the public about the frauds and have devised various modes to collect the information about potential locations through various channels such as toll-free number, website, e-mail etc. Besides this, as a responsible association, DIPA has also been publishing public notice in newspapers for alerting public about the tower frauds.”

“Mobile towers are quintessential to ensure uninterrupted connectivity, support various critical services and maintain communication across the states. The public suffers gravely owing to the fraud related to mobile towers. This is causing a trust deficit and a sense of insecurity towards the team personnel working on the ground to build a robust communication network. The telecom industry remains committed to providing the best quality of services to its customers. Hence, we have collaborated with DIPA to build the required robust infrastructure. Also, we are issuing notices on various platforms to ensure that consumers are aware of these fraudulent practices.” said Lt. Gen. Dr SP Kochhar, DG, COAI.

Members of the public can call on the national consumer helpline from anywhere in India by dialling 14404 or 1800114000 for more information on this matter.

About COAI: COAI was constituted in 1995 as a registered, non-governmental society. The Association is dedicated to the advancement of modern communication through the establishment of world-class mobile infrastructure, products and services and to delivering the benefits of innovative and affordable mobile communication services to the people of India. Read more: https://coai.com/

About DIPA: Digital Infrastructure Providers Association (Erstwhile Tower and Infrastructure Providers Association) was constituted in 2010 as an industry representative body registered under the Indian Society Registration Act, 1860. Digital Infrastructure Providers Association (DIPA) represents the India’s digital infrastructure industry that develop, build, own and operate the nation’s wireless infrastructure. From infrastructure providers and equipment manufacturers to EV charging infrastructure and fibre deployers, we bring together a dynamic group of companies that enable consumers to lead a 21st Century connected life. Read more: https://dipa.co.in/

Greenko Signs MoU With IIT Hyderabad To Set Up School of Sustainable Science & Technology

·         Induct students for MTech and PhD programs from June 2023

·         Accelerate R&D and contextualize education & skills for sustainable development

·         GSSST to evolve as Knowledge & Human Resource powerhouse for driving decarbonization & sustainable development

Greenko, India’s leading energy transition and industrial decarbonization solutions company, and IIT Hyderabad signed an MoU to launch India’s first dedicated school for sustainable science and technology.

The Greenko School of Sustainable Science and Technology (GSSST) aims to plug the rising research, education, and skills gaps caused by the imperatives of sustainable development. The school will be advancing knowledge in these key thrust areas:

·         Climate change mitigation

·         AI and space technology

·         Energy transition and industrial transformation

·         Circular and regenerative economy

·         ZeroC processes, fuels, materials, and products

·         Industrial ecology and net zero clusters

GSSST will open towards the end of this year and, by June 2023, will induct students for MTech and Ph.D. in sustainable science and technology, followed by BTech programs. The experience gained at GSSST will be replicated at other IITs, engineering colleges, and later at polytechnics and schools.

This joint initiative demonstrates the national educational establishment’s endorsement of Greenko’s pioneering initiative to accelerate R&D and contextualize education and skills for sustainable development. Greenko is working in consultation with the Ministry of Education, AICTE, NCERT, and NCVET to ensure GSSST both conforms to and advances learning in sustainable science and technology.

Congratulating IIT Hyderabad on the occasion, Shri Dharmendra Pradhan, Hon’ble Union Minister of Education, Skill Development and Entrepreneurship, said, “India cannot just be a consuming nation. We must innovate and establish our own models for achieving self-sufficiency as well as for furthering global welfare. In the 21st century, technology is available to ease our job, and NEP 2020 has given us the liberty to take advance of local language with available technology.”

The Minister added: “India is going to play a leading role in the fourth industrial revolution and IIT Hyderabad will play a major role in building brand India globally and in carving out a better and prosperous future, especially during the AmritKaal. We have to fulfil the Prime Minister’s vision of an Aatmanirbhar Bharat.”

Speaking on the occasion, Mr. Anil Chalamalasetty, Founder, CEO & MD, Greenko Group, said, “The Government of India under the leadership of Honorable PM Narendra Modi has positioned India as a leader globally in climate change mitigation and energy transition as set out in the Paris Climate Accords. The commitment to build the technologies and skills in India for our country to attain leadership in sustainability and energy transition led to this opportunity with IITH. I would also like to thank Shri Dharmendra Pradhan, Honorable Minister of Education and Minister of Skill Development and Entrepreneurship, Government of India. “

Mr Chalamalasetty added: “Greenko is honored to partner with IITH, a reputed institute, and focus on reconfiguring existing global energy transition technologies to improve efficiencies, economics, and employment in emerging economies. GSSST aims to be the knowledge and human resource powerhouse for driving decarbonization and sustainable development and will pursue twinning arrangements with globally reputed research and educational institutes.”

About Greenko Group

Greenko Group is one of the world’s largest energy transition and decarbonization solutions companies. Greenko has an installed renewable energy capacity of ~7.5 GW across wind, solar and hydro capacities and more than ~10 GW of projects under development.

Greenko has invested over US$7.5 billion; with equity of more than US$2.5 billion and has raised global green bonds of over US$5.0 billion over the last 10 years. Today, Green produces 18 BUs (1~1.5%) of India’s total energy production.

Greenko is building an intelligent, lowest cost “energy cloud storage platform” of 50 GWh capacity to be commissioned by 2025 and expanding to 100 GWh by 2027 along with green hydrogen production systems of 10 GW capacity by 2030.

Greenko is majority owned by two of the world’s largest sovereign wealth funds: the Government Investment Corporation (GIC) of Singapore and Abu Dhabi Investment Authority (ADIA) of Abu Dhabi, UAE, along with Orix Corporation, Japan, and the Founders Anil Chalamalasetty & Mahesh Kolli.

Atos Announces ‘ICT 4 Inclusion Challenge’ - India Edition 2022

Atos announces the ICT 4 Inclusion Challenge (ICT4IC) India 2022. Following on from the ICT4IC Africa 2021 which saw winners from Kenya, Nigeria and South Africa present innovative solutions to shape inclusive education for people with disabilities in Africa, the India edition will focus on the topic of “Mitigating the impact of climate change on people with disabilities”.

The competition is organized by Atos and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) together with the Make-IT Alliance. This year, two new cooperation partners will support the delivery of the challenge, Zero Project and Ability Foundation.

The aim of the ICT 4 Inclusion challenge is to develop digital and technical innovations which are designed to alleviate the impact of climate change and disaster related risks for people with disabilities and elderly people in India. This could be a mainstream solution or an accessibility & inclusion specific solution. For example, an energy efficient digital device or application, that is made disability inclusive or universally accessible; or a program that raises awareness around technology-based inclusive climate action and inclusive disaster risk reduction.

Nasir Shaikh, SVP, Head of Human Resources, Atos in India said “When it comes to thinking about solutions and innovation to manage climate disasters, we must not overlook people with disabilities and older people. The effects of climate change can put these individuals & communities at risk, which are already vulnerable in other ways. I am pleased that Atos and GIZ are again working together to offer individuals the opportunity to innovative and create solutions to support these groups of people here in India.”

Neil Milliken, VP - Global Head of Accessibility & Digital Inclusion at Atos said “I am delighted that we are able to build upon the success of our partnership with GIZ to launch this year’s challenge that aims to mitigate the impact of climate change and environmental emergencies on people with disabilities and older people. These groups of people are often forgotten in planning and are most at risk. Technology can be a major part in ensuring their future safety”

Bernd Schramm, Head of GIZ’s Global Project Inclusion of Persons with Disabilities, adds: “It’s wonderful that we continue our excellent cooperation with Atos and Make-IT in another round of the ICT4 Inclusion Challenge, this time also with Zero Project and Ability Foundation. Digital solutions for persons with disabilities are often a trigger for innovation. Mitigating the impact of climate change is one of the biggest development challenges. When we combine business and development solutions, we can save millions of lives among those groups that are hard to reach in conventional approaches.”

Entries are open now and entrants have until 31st July 2022 to submit their applications. 12 teams will be shortlisted, 2 targeted solutions focusing on disability inclusion and/or the inclusion of elderly people and 2 mainstream solutions with potential benefits for these target groups will be selected as final winners.

The 4 winning teams will be awarded during the International Day of Persons with Disabilities with monetary prizes of EUR 3500 for the first and EUR 1500 for the second prize per category and soft prizes including nomination to the Atos Scaler Program. Finally, winners will also be invited to present their solutions to potential partners at the Zero Project India Conference in Spring 2023.

Accessibility and Digital Inclusion stand at the heart of Atos’ raison d’etre and materializes into Atos’ digital workplace portfolio, with diverse solutions helping companies for the inclusive digital transformation as well as Accessibility As A Service supporting people with situational, temporary or permanent disabilities to work without barriers in the digital workplace.

To enter now or find out more, please go to https://ict4inclusionchallenge.net/

About Atos

Atos is a global leader in digital transformation with 111,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 71 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea), listed on Euronext Paris and included in the CAC 40 ESG and Next 20 indexes.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

e-con Systems Is On An Expansion Spree With A New Sales Office In Bangalore

* e-con Systems has a workforce of 400 people and aims to grow to 600 people by the end of 2023

e-con Systems — a leading designer of embedded vision cameras for a range of industries, has recently opened its new center in Bangalore. The multi-national company already has a strong presence in several geographies like North America, Israel, South Korea, Japan, and Europe, among others. In India, it already has two development centers in Chennai. This new branch in Bangalore will primarily be a sales-focused premise where e-con can serve more customers in India.

After running the full-fledged profitable business for almost two decades, the founders of e-con Systems are now in the final stages of raising $10 million in funding from PE investors. This new investment will be utilized for an aggressive expansion spree, which will include geographical expansion of the sales force as well as strengthening and growing its R & D team. They are looking to grow their employee base by 50 percent. Currently, e-con Systems has a workforce of 400 people and is poised to grow to 600 people by the end of 2023.

e-con Systems is very bullish on the growth prospects for its embedded vision solutions. Along with the adoption of AI processing on the edge, embedded vision is transforming every single industry from manufacturing, agriculture, logistics, transportation, sports, health care, life sciences, and so on. These new technology applications are not only transforming the existing industries but also creating new markets and applications for embedded vision solutions. e-con Systems is a market leader in the segment and is very well positioned to leverage this opportunity for its growth and for creating value for every customer and the end-users.

Ashok Babu, Co-Founder and President, e-con Systems India Pvt Ltd, said, “We are seeing that Indian companies are leading the embedded vision-enabled transformation with their new products and solutions. For example, the e-commerce industry has germinated many companies in India offering autonomous mobile robots, vision guidance robots, etc, which are powered by embedded vision solutions, and with our new office in Bangalore, we will be part of the India Growth Story. Our customers can not only get the cameras from e-con but also customized solutions and complete system-level solutions to build their entire product”.

Started 18 years ago by Ashok Babu, Harishankkar and Maharajan Veerabahu, e-con Systems is one of the most well-renowned brands for camera solutions. e-con Systems has 250+ customers today actively using e-con’s cameras in mass production. About 70% of the business comes from The United States, 20% from The EU, and the remaining from Japan and Korea.

Today, e-con Systems has evolved into a leading OEM camera manufacturer with a robust global footprint, providing end-to-end camera solutions like MIPI camera modules, GMSL cameras, USB 3.1 Gen 1 cameras, stereo cameras, TOF cameras and more. The company is also powered by a strong partner ecosystem that enables it to offer end-to-end vision solutions, including sensor partners, ISP partners, and carrier board partners, to name a few.

Residential Demand Increased By 16.9% In Apr-Jun And 27.7% YoY: Reveals Magicbricks PropIndex Report

Magicbricks PropIndex Report

·         Pan-India supply grew 2.9% QoQ* and 16.2% YoY** with Delhi (10.8%) and Bengaluru (6.7%) witnessing maximum QoQ growth in supply

·         Pan-India prices increased by 2.4% QoQ & 8.0% YoY; reflecting the resilience of residential markets vis-a-vis other real estate assets  

·         Delhi (47.2%), followed by Ahmedabad (21.4%) witnessed the highest QoQ growth in residential demand

The Indian residential real-estate market exhibited strength in Q2, 2022, with pan India residential demand (searches) rising by 16.9% QoQ and 27.7% YoY and supply (listings) by 2.9% QoQ and 16.2% YoY, as per Magicbricks’ latest PropIndex Report for Q2, 2022. The growth reflects a promising comeback from the pandemic-induced slowdown and the overall economic recovery across sectors. Mapping trends in 13 cities across the country, the report highlights that Delhi (47.2%), Ahmedabad (21.4%), Kolkata (21.2%), Noida (20.6%), and Bengaluru (18.8%) witnessed the highest QoQ growth in residential demand while Delhi (10.8%), Bengaluru (6.7%), Gurugram (6.6%), Chennai (5.1%) and Kolkata (5.1%) exhibited maximum QoQ growth in supply.

“The rise in residential demand across 13 India cities is reflective of economic recovery and income stabilisation. This is also fuelled by families returning to metros as offices and educational institutions reopen. While growing inflation, disruption of the global supply chain and increase in input cost of materials & mortgage rates are pushing up the prices, overall we are seeing buyer’s confidence and expect India’s residential market to continue growing over the next few quarters as well.” shared Sudhir Pai, CEO, Magicbricks.

Regardless of the headwinds created by the multiple waves of Covid-19, Magicbricks Research anticipates a stable growth curve for India's residential sector throughout 2022.

Market-specific takeaways from Magicbricks’ Propindex Report Q2, 2022:

1. Bengaluru’s residential demand observed a substantial growth with an increase of 18.8% QoQ while the supply observed a growth of 6.7% QoQ. There was a continued preference for bigger homes with 3BHK constituting 49% of the total demand and 43% of the total supply. 

2. Chennai’s residential market has been driven by an increasing demand near the coastal areas due to the presence of IT corridors and employment hubs. The demand grew 13.0% QoQ while the supply grew 5.1% QoQ with an increase of 1.6% QoQ in the average property rates. Homebuyers in the city seem to have a strong preference for mid-segment and premium properties over affordable housing.

3. Delhi's residential demand grew nearly 1.5 times with an increase of 47.2% QoQ with a preference for mid-segment localities while the supply increased to 10.8% QoQ. Property prices also witnessed a QoQ increase of 2.5%. The residential market was dominated by 2BHK and 3BHK, which constituted a total of 82% of the demand share. In Noida and Greater Noida, the aggregate demand for residential markets witnessed a 19.3% QoQ growth, whereas supply declined by 1.6% QoQ and average prices increased by 3.1% QoQ.

4. Ahmedabad’s residential market demand increased to 21.4% QoQ while supply increased by 4.7% QoQ; average prices increased 1.6% QoQ. The 3BHK units continue to hold a majority share in the market with demand and supply of 45% and 46% respectively; decline in the demand for premium properties to 12%  in Q2, 2022.

5. Kolkata’s residential market was driven by demand for affordable properties. The demand grew 21.2% QoQ while the supply grew 5.1% QoQ. The average property rates also increased 1.7% QoQ; 2 and 3 BHK configurations accounted for 87% of the total demand as well as supply.

6. Demand in Mumbai's residential market increased 16.5% QoQ owing to an increase in the demand in the western suburbs while supply increased by 4.5% QoQ; average prices increased 1.2% QoQ. The demand and supply for 2BHK configuration constituted 43% and 44% respectively in Q2, 2022.

7. Pune displayed a sharp increase in demand (from 3.9% in Q1, 2022 to 8.1% in Q2, 2022) and the average prices (from 0.5% in the previous quarter to 1.3% in Q2, 2022). Supply showed a reverse trend (From 2.2% to -2.0% in the current quarter).

8. In Hyderabad, residential supply continued to decrease even in Q2 2022 in the face of regulatory changes. It is encouraging to see that the State Government has introduced measures to monitor malpractices in the sector. Overall, the residential demand was largely stable (0.2% QoQ growth), while the average rate increased by nearly 3%.

Highlights from Magicbricks’ PropIndex Report Q2, 2022

- Pan India demand increased 16.9% QoQ and 27.7% YoY. Delhi (47.2%), Ahmedabad (21.4%), Kolkata (21.2%), Noida (20.6%), and Bengaluru (18.8%)  witnessed the highest QoQ growth in demand

- Cumulative supply grew 2.9% QoQ and 16.2% YoY. Delhi (10.8%), Bengaluru (6.7%), Gurugram (6.6%), Chennai (5.1%) and Kolkata (5.1%) witnessed maximum QoQ growth in supply

- Pan-India prices increased 2.4% QoQ and 8.0% YoY, reflecting the resilience of the housing markets vis-a-vis other real estate assets 

- Prices of ready-to-move properties increased 2.3% QoQ and 6.4% YoY. Greater Noida, Thane, Delhi, and Ahmedabad witnessed the highest QoQ rate rise of 4.0%, 3.7%, 2.8%, and 2.6% respectively

- Prices of under-construction properties increased 2.7% QoQ and 13.3% YoY nationally. Prices in Noida, Hyderabad, Gurugram and Gr. Noida increased 7.3%, 5.0%, 4.4%, and 3.4% QoQ respectively

About Magicbricks: India's no 1 property site 

As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full-stack service provider for all real estate needs, with 15+ services including home loans, pay rent, movers and packers, legal assistance, property valuation, and expert advice.

With 15+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.

Overall Household Expense Shows The Highest Dip In The Last 3 Months, According To Axis My India – CSI

 
* 50% of the respondents feel that the govt. should further reduce petrol and diesel prices

Highlights

·         10409 people surveyed 70% is from rural India while 30% is from urban India

·         Overall household spending reflects a net score of +50, down by 2 points

·         Increase spends on non-essential & discretionary products reflect a dip by 2% from last month

·         ‘Same consumption’ of essential products increased for 37%, highest surge in the last 3 months

·         Health-related consumption increased for 35% of families, dip by 1% from last month

·         22% satisfied with reduced petrol and diesel prices announced by the government

·         13% is planning for early retirement due to work stress

Axis My India, a leading consumer data intelligence company, released its latest findings of the India Consumer Sentiment Index (CSI), a monthly analysis of consumer perception on a wide range of issues. The July report reveals that the consumption of both essentials & non-essentials continued to dip, a trend seen in the last three months.This month’s survey moreover discloses respondents’ sentiments towards reduced fuel prices and reasons for seeking an early retirement.  

The July net CSI score, calculated by percentage increase minus percentage decrease in sentiment, is at +9, from +10 last month reflecting a very minor decrease by 1 point.

The sentiment analysis delves into five relevant sub-indices – Overall household spending, spending on essential and non-essential items, spending on healthcare, media consumption habits & mobility trends.

This month, Axis My India’s Sentiment survey delved deeper to gauge consumer views on petrol and diesel prices, interest on Indian Premier League and eagerness for movie hall experiences. The survey also strived to understand consumer’s thoughts on early retirement and factors that influences brand purchases.

The survey was carried out via Computer-Aided Telephonic Interviews with a sample size of 10409 people across 35 states & UT’s. 70% belonged to rural India, while 30% belonged to urban counterparts. In terms of regional spread, 24% of each belonged to Northern and Eastern parts while 29% and 23% belonged to Western and Southern parts of India respectively.  In addition, 63% of the respondents were male, while 37% were female. In terms of the two majority sample groups, 28% reflect the age group of 36YO to 50YO, while 21% reflect the age group of 26YO to 35YO.

Commenting on the CSI report, Pradeep Gupta, Chairman & MD, Axis My India, said, “Overtime, consumer spending has reached a status quo bias where the keenness to increase consumption has been limited. This is mainly due to inflation and the after effects of pandemic which has made it difficult for consumers to see their nominal incomes recover to pre-pandemic levels. While in response to this the government has reduced the petrol and diesel prices, a major chunk of consumers are still looking for further ease. Similarly in media, one can witness respondents suffering from consumption fatigue which could be related to innumerable choice of content, ease in mobility and the availability of experiencing ‘cinema’ etc. The craze around IPL persists across platforms but whether this excitement justifies its high media rights, time will tell. Digital viewership is on a high trajectory. In terms of consumption behaviour, a significant proportion of consumers are increasingly taking their purchase decision basis reputation of the brand with price as the 2nd key factor, which shows the growing maturity of Indian consumers.”

Key findings:

·          Overall household spending has increased for 59% of families which reflects a 2% dip from the last month. The net score which was at +52 last month has decreased by -2 to +50 this month.

·          Spends on essentials like personal care & household items remain the same for 37% of the families which is an increase by 4% from last month. Spending however has increased for 44% of the families, which reflects a dip by 2% (i.e. 46%) from last month. The net score which was +26 last month has reduced by -1 to +25 this month.

·          Spends on non-essential & discretionary products like AC, Car, and Refrigerator remains the same for 88% of families, reflecting an increase of 2% from last month. Spends however has increased for only 6% of families reflecting a slight dip of 2% from last month. The net score which was at +2 the previous month has dipped to 0 this month.

·          Consumption of health-related items more or less remains the same for 51% of the families, an increase by 2% from last month. Consumption has increased for 35% of the families, reflecting a dip by 1% from last month. The health score which has a negative connotation i.e., the lesser the spends on health items the better the sentiments, has a net score value of -21, same as last month.

·          Consumption of media remains the same for 62% of the respondents, an increase by 4% from last month. Consumption has increased for 17% of families, marking an overall dip by 3% from last month. The overall, net score which was at -2 in the last month is at -3 this month.

·          86% said that they are going out the same for short vacations, malls and restaurants, a dip by 1% from last month. Increased travel is reflected only among 7% of families, same as last month. The overall mobility net score is at 0.

On topics of current national interest:

·        Axis My India evaluated consumers’ views on the reduction of fuel prices announced by the government. The survey discovered that 50% believe that the petrol and diesel cost should be further reduced, while 16% are not at all satisfied. Conversely 22% are aligned and happy with this reduced rate.

·        Gauging consumer’s excitement around ‘cinema hall experience’ the Consumer Sentiment survey discovered that more than 10% have started going to movie theatres/halls for watching new films. However, 90% are still apprehensive of the same.

·        The CSI – Survey captured consumers’ interest around the Indian Premier League (IPL). A mighty 25% said that they have watched one or more match(s) this season. Additionally, more than half - 65% said they have watched IPL on television, while 29% said they have watched it on digital platforms. 2% said they have enjoyed the match from the stadium.

·        The survey dug deeper to understand factors that determine respondent’s purchase considerations. A majority of 57% consider the reputation of the brand as an important factor while purchasing from it while 31% further consider the price-point as vital factor. 8% said they are dependent on the availability of the product while 4% said that they consider advertising and marketing as important influencers for their decision.

·        In an attempt to understand work related stress, the survey discovered that 13% are leaning towards an early retirement due to pressure and overbearing challenges at workplace.

NTPC REL And NFL Tied Up To Collaborate In Renewable Energy And Synthesizing Green Ammonia

NTPC RE Limited (NTPC REL) signed an MoU with National Fertilizers Limited (NFL) to collaborate in the field of Renewable Energy & Green Chemicals and mutually explore opportunities for the supply of 90 MW RE-RTC (Round The Clock) power in phases (30 MW in Phase-1 & 60 MW in Phase-2) and synthesizing 50 TPD Green Ammonia for captive use for production of Industrial products by NFL.

This is a first-of-its-kind novel initiative by two leading CPSEs, to support the country’s commitment to achieving renewable energy targets and reduce greenhouse emissions.  This comes in the backdrop of NTPC announcing its Green Hydrogen initiatives and plan to build the country’s first pilot projects for synthesizing green Methanol, setting up  Green Hydrogen filling station, Green hydrogen blending into PNG and Green energy storage project.

Photocaption (Sh Mohit Bhargava, CEO-NTPC REL and Sh J S Singh, ED-Technical, NFL exchanging MoU).