Page 140 - CW E-Magazine (27-2-2024)

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CLEAN COAL TECHNOLOGIES
Government stresses importance of coal and lignite

gasifi cation projects

The government has stressed the participate in the RFP process and called on interested players having
importance of coal and lignite gasifi - share their valuable inputs, to make the technological capacity to partner
cation projects in India’s energy tran- the process transparent and open. with CIL towards building a cleaner
sition and urged industry players to future.
invest in the technology for a greener The Ministry of Coal aims to cata-
and cleaner future. lyse investments and technological The Union Cabinet had earlier
advancements in coal gasifi cation approved a Rs. 8,500-crore incentive
Mr. Amrit Lal Meena, Secretary, projects, aligning with India’s vision scheme for coal gasifi cation projects.
Ministry of Coal, also stressed the for a cleaner and energy-effi cient
government’s support to the industry future. The adoption of gasifi cation tech-
through initiatives, including fi nanc- nology in India is expected to reduce
ing, for promotion of clean coal Coal India Ltd. (CIL) Chairman, the country’s reliance on imports of
technologies. He requested industry Mr. P.M. Prasad, highlighted the op- natural gas, methanol, ammonia and
stakeholders to come forward and portunities in coal gasifi cation and other essential products.
BROWNFIELD PROJECT
Thermax to invest in ion exchange resin plant in Jhagadia

Thermax will invest Rs. 1,000-crore Mundra in Gujarat for domestic and tries including food, pharmaceuticals,
next year in Gujarat for making an ex- export requirements. Thermax, a leading chemicals, and textiles.
pansion in the State, including an in- provider of energy and environment
vestment of Rs. 45-crore to set up an solutions, showcased its latest innova- Customers are given fl exibility to
ion exchange resin manufacturing plant tions and green offerings today at the opt for these solutions through vari-
in Jhagadia. These announcements roadshow. These included multi-fuel ous models, including upfront capex
were made by the company’s Managing and biomass-based energy solutions investment, going via the opex route,
Director and CEO, Mr. Ashish Bhandari for converting waste to energy, hy- or build-own-operate (BOO) arrange-
during a media interaction on the side- brid renewables, bio-CNG, electrical/ ments. Under the BOO model, Thermax
lines of its roadshow – Rediscover. hybrid heating & cooling solutions, assumes responsibility for investment,
green hydrogen, and energy-saving operation, and maintenance, while custo-
Thermax has four manufacturing water solutions, complemented by digi- mers pay based on utility consumption,
facilities at Savli, Jhagadia, Dahej, and tal and value-added services for indus- akin to metered billing.
Q3 RESULTS
Vipul Organics reports ~35% rise in revenues

Vipul Organics Ltd., a leading spe- Rs. 11,044.99-lakhs, up 7.59% from the economic shocks of COVID. In this quar-
cialty chemicals company in the pig- comparable period of the previous year. ter, we also lay the foundation stone for
ments and dyes segment, has announced Total PAT for nine months was up 43.36% our new facility at Sayakha, which will
total revenues in Q3, FY24 of Rs. 3,761- on a consolidated basis and 41.20% on be revenue accretive from FY 2025-26.
lakhs, up 34.88% from Q3 FY23. Total a standalone basis. While global macro-economic factors
PAT in Q3 FY24 was up 650.19% from are still a concern, we are seeing a robust
Q3 of FY23 on a consolidated basis and Commenting on the results, Mr. Vipul demand for our products in the domestic
up 517.54% on a standalone basis. Shah, Managing Director, Vipul Orga- market. Our newer offerings in sectors
nics, said, “The green shoots in the eco- like paper and textiles are seeing huge
Total revenues for the nine months nomy are refl ected in our results. We are traction and we are hoping for orders in
ended 31st December 2023 stood at back on our growth trajectory, post the the coming quarters.”

140 Chemical Weekly February 27, 2024

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