Page 140 - CW E-Magazine (11-2-2025)

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RENEWABLE ENERGY

Avaada to deploy Casale’s technology for green

ammonia plant in Odisha

The Avaada Group, which focusses
on renewable energy and green hydro-
gen, will collaborate with Switzerland-
based ammonia technology pioneer,
Casale, to develop a 1,500 tonnes
per day (tpd) green ammonia plant in
Gopalpur, Odisha. Casale will provide
the green ammonia process license,
basic engineering package, proprietary
equipment, and detailed engineering
review, a press note from Avaada
informed.
carbon-free future while driving India’s by Avaada of a MoU signed with the
“The Gopalpur plant will be powe- green energy revolution. Collaborat- Odisha government. Avaada said that
red entirely by renewable energy, ing with Casale enables us to leverage it would spend Rs. 20,700-crore for
utilising Casale’s advanced ammonia world-class expertise to deliver a faci- developing 1,500-MW of fl oating
production technology to ensure a lity that is both innovative and transfor- solar projects, two pumped hydro storage
carbon-free process,” it added. The mative.” Casale’s CEO, Mr. Federico plants of 1,000-MW and green energy
facility will signifi cantly reduce Zardi added, “With this project, Casale equipment manufacturing units.
carbon emissions by replacing fossil further strengthens its presence in
fuel-based ammonia production with India, where we have now licensed a Avaada has set itself a target of 11-GW
renewable energy. total green ammonia capacity of 5,700-tpd. of renewable energy capacity by 2026.
In 2023, the received $1-bn funding
Avaada Group Chairman, Mr. Vineet MoU signed from Brookfi eld’s Energy Transition
Mittal said, “This green ammonia This announcement comes on the Fund and $300-mn from GPSC, a
plant refl ects our vision of creating a heels of another announcement made subsidiary of PTT group of Thailand.
STANDALONE PERFORMANCE

Stable realisations on soda ash enable GHCL

to improve earnings by 57% in Q3FY25

GHCL Ltd., a leading supplier Profi t (PAT) grew 69% to Rs.168-crore major global manufacturers into the
of soda ash, has reported a robust (Rs. 100-crore). Indian market. “We are confi dent that
fi nancial performance for the quarter the recent imposition of a Minimum
ended December 31, 2024 on the back “The performance assumes a greater Import Price (MIP) by the Indian Govern-
of continued focus upon core area of signifi cance in the backdrop of mode- ment would curtail such imports at
operations. Net revenue in the quarter rating industry conditions. We continue cheap prices going forward in the ensuing
under consideration was reported to strengthen our stature amongst quarters,” he added. Mr. Jalan also
at Rs. 807-crore, as compared to clients as a preferred partner,” said stated that the expansion initiatives are
Rs. 813-crore in the corresponding Mr. R.S. Jalan, Managing Director, GHCL. gaining signifi cant momentum. “The
quarter ended December 31, 2023. commissioning of our vacuum salt and
Soda ash realisations remained bromine projects in FY26 puts us on a
EBIDTA grew by 57% to stable with few instances of depressed substantial growth trajectory and pro-
Rs. 259-crore (Rs. 165-crore), while Net prices due to excessive dumping by duct basket expansion,” he said.

140 Chemical Weekly February 11, 2025

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