back to top
Thursday, June 13, 2024
34 C
Lucknow
HomeRecent NewsEthanolGAIL India to grow renewables, look at green hydrogen,...

GAIL India to grow renewables, look at green hydrogen, ethanol

State-owned natural gas processor and distributor GAIL (India) Ltd (BOM:532155) will look to expand its renewable energy portfolio and enter the ethanol and green hydrogen production markets, it said last week.

In a message to shareholders in the company’s annual report, its chairman and managing director Manoj Jain said that GAIL is searching for opportunities to grow its renewables fleet, either through bidding or mergers and acquisitions. At present, the company owns 130 MW of renewable power plants, of which 118 MW of wind and 12.3 MW of solar parks, its website shows.

In line with the expansion, the Indian firm will also pursue the development of ethanol and green hydrogen production projects. Separately, it will aim to expand its footprint in the petrochemicals industry and diversify into high-margin downstream businesses.

GAIL India says it has set a goal of having 1 GW of wind and solar power generation capacity in the next three to four years.

The above news was originally posted on renewablesnow.com

Aabkari Times Editorial Teamhttps://aabkaritimes.com
Aabkari Times is a monthly news magazine on Liquor, Excise and Alcohol allied industry; being published since 2009 by the expertise of retired excise dept. associates and alco-bev industry professionals as our editorial team. Our magazine contains different new alco-bev strategic and new brand launch articles as well as news on recent govt. policies, trends on alcohol industry and other important data relevant to the distilleries and industry at the mass.

- Advertisement -

Worldwide News, Local News in London, Tips & Tricks

spot_img

- Advertisement -