Sustainability Outlook Headlines

Climate Action Offers An Exciting $6 Trillion Business Opportunity

Jawahar Vadivelu, the Outgoing President of ICC India, (International Chamber of Commerce, India) noted that the ICC has been at the forefront of driving home the message that climate action is not merely a box to tick for being socially responsible but... Read more..

Not the change we want

The multiple crises that confront humanity today, whether these relate to climate change, environmental degradation, social and economic inequality, or declining water, food and energy security, require a civilisational response. Why civilisational? Because the crises besetting humanity are integrally linked to and are symptoms of a deeper malaise embedded in our way of life, our value system, our understanding of the past and our aspirations for the future. Dealing with each crisis, as if it were a singular... Read more..

Paper & Plastic Packaging Industry Rides on E-Commerce Boom

The industry’s valuation looks cheap now. On the basis of trailing 12-month EV/EBITDA ratio, we see that the industry is currently trading at 11.4 compared with Industrial Products sector’s EV/EBITDA of 14.2.
 
Investors keen on the Containers - Paper And Packaging industry may consider... Read more..

More than 11 million face eviction, displacement as India booms

Last year alone, authorities demolished at least 114 houses every day, evicting about 23 people every hour, according to HLRN’s report published Tuesday in New Delhi. Slum clearance and city “beautification” drives accounted for nearly half the evictions, while infrastructure and development projects, and forest protection made up a fourth each, it said. ... Read more..

Bajaj Energy files for IPO, plans to raise Rs 5,450 crore

 Bajaj Energy along with Lalitpur Power Generation Company, Tuesday filed for a initial public offering with the market regulator Sebi with a plan to raise Rs 5,450 crore through offer.  The offer comprises fresh issue of share up to Rs 5,150 crore by the company and an... Read more..

Mukesh Ambani’s plastic punch: Fabric made of PET bottles; RIL, Raymond join hands for green fibre

Reliance Industries’ innovative plastic made fibre called R|Elan GreenGold has found another partner. Raymond recently announced its collaboration with Mukesh Ambani’s RIL for a fabric made from waste plastic bottles. Made by employing Reliance Industry technology, the fabric called Ecovera is being promoted as the greenest fibre in the world by the company.

... Read more..

BJP Manifesto: Renewable energy to be turned into a popular movement

The BJP released its manifesto for the upcoming general elections 2019 outlining 75 milestones to be achieved by 2022. On the energy front, the Sankalp Patra focussed on universal access to electricity and turning renewable energy into a “popular movement”, but did not talk about the target set by PM Modi of cutting down energy import dependence by 10 per cent by 2022.

India’s import dependence on oil has... Read more..

FAME-II scheme to impact electric 2-wheeler segment most: Crisil

Electric two-wheeler segment is expected to face a rough road in the initial phase of the FAME II Scheme with the exclusion of lead battery-powered such vehicles, as per a Crisil impact note.

The central government late last month laid out the eligibility criteria for electric buses, passenger vehicles, three-wheelers and two-wheelers to avail the incentives under the 'Faster Adoption and Manufacturing of... Read more..

Ola raises $300mn from Hyundai Motor Group

Cab hailing firm Ola said on March 19 it has raised $300 million from South Korea's Hyundai Motor Group in a strategic deal under which the companies will also collaborate on building India-specific electric vehicles and infrastructure.

The companies will be creating solutions to operate and manage fleet vehicles and the partnership will also offer Ola drivers various financial services, including lease and... Read more..

India to add 10k megawatt wind capacity in 2021 In early 2017

Siemens Gamesa Renewable Energy, the second biggest manufacturer of wind turbines in the world, expects India to add between 7,000 and 10,000 megawatt (MW) of wind energy capacity in 2021, its global chief executive said, despite a slump in projects over the last two years. “The Indian market is making a strong comeback and, if China is excluded, it will be the biggest market in the world by 2021,” Markus Tacke, Siemens Gamesa’s global CEO, said on the sidelines of the Wind Europe conference in Spain recently. “At present, the US is the... Read more..

JK’s solar power sector awaiting official spark

Despite possessing immense solar power potential, the Jammu and Kashmir government has failed to harness solar power sector and generate hydroelectricity to meet its requirement. In Jammu and Kashmir, more than 30 per cent have never used electricity while the other 70 per cent live with blackouts that can extend up to 16 hours a day during the winters.
As per the study conducted by the National Institute of Solar Energy (NISE), Jammu Kashmir has a solar power potential... Read more..

Top power companies bid for three-year PPA with states

Power plants of JSW Energy, Jaiprakash Associates, Jindal Power, Sembcorp Gayatri and Essar Power are among 16 projects that bid for three-year power purchase agreements (PPAs) with states. The auction for 2,500 mw of PPAs has received bids aggregating 4,077 mw. Given the good response, government is expecting lower tariffs in the range of Rs 3.50-Rs 4 per unit in the current round of the PPA auction against... Read more..