Page 136 - CW E-Magazine (13-2-2024)

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COMMITMENT TO INVEST
NGEL to set up green hydrogen-ammonia projects

in Maharashtra

State-run NTPC Green Energy Ltd.
(NGEL) has signed a Memorandum of
Understanding (MoU) with the govern-
ment of Maharashtra for the develop-
ment of green hydrogen, and its deriva-
tives such as green ammonia and green
methanol, of up to 1-million tonne capa-
city per annum.

“The MoU has been signed as part
of the Government of Maharashtra’s
green investment plan for the next
fi ve years. The agreement envisages a
potential investment of approximately
Rs. 80,000-crore,” said an offi cial state- and the development of renewable diary of NTPC and aims to be the fl ag
ment from the Union Ministry of Power. energy projects with or without storage bearer of NTPC’s renewable energy
As per the statement, the agreement up to 5-GW in the state. journey with an operational capacity of
also includes the creation of pumped over 3.4-GW and 26-GW in pipeline,
storage projects of 2 gigawatts (GW) NGEL is a wholly-owned subsi- including 7-GW under implementation.

BUDGET 2024
Agriculture & rural focus of budget welcomed

Representatives of the agrochemi- years) and the development of dedi-
cal industry have welcomed the FY25 cated railway corridors, has been wel-
Budget proposals presented by Finance comed by logistics companies. These
Minister, Ms. Nirmala Sitharaman, and initiatives, they believe, will signifi -
for adhering to the path of fi scal con- cantly improve connectivity, decongest
solidation. existing routes, and expedite freight
movement.
“The announcement to further
encourage private and public invest- logical advancement in various aspects “The CRISIL prediction of a 12%
ment in areas of post-harvest activities including agriculture is also a step in reduction in logistics costs is music
including aggregation, modern storage, the right direction, Mr. Dhanuka said. to our ears – it translates to enhanced
effi cient supply chains, primary & secon- “The decision to promote the applica- competitiveness for Indian manufactu-
dary processing, and marketing & tion of Nano DAP on various crops in rers and a boost to the overall economy,”
branding is a laudable step,” said different agro-climatic zones is in line said Mr. Homi Katgara, Partner, Jeena &
Mr. M. K. Dhanuka, Managing Director, with Government’s vision of promoting Company.
Dhanuka Agritech, an agrochemicals technological advancement in the rural
player. According to him, the move will sector,” he added. Mr. Mahesh Fogla, Executive Direc-
help reduce huge wastage and in turn, tor, Patel Integrated Logistics Ltd., wel-
help in enhancing farmers’ income. Logistics players welcome initiatives comed the introduction of 517 new routes
The focus on promoting ‘Research & The infrastructure push, particularly under the UDAN scheme, fostering air
Development’ as well as on techno- the doubling of airports (149 in 10 connectivity for tier II & tier III cities.

136 Chemical Weekly February 13, 2024

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