APT Translations

The plant, which will be operated by Sembcorp, is set to produce 200,000 metric tonnes of green ammonia annually for export to Japan. This project, covering 160 acres in the port area of Tuticorin, is part of a broader collaboration aimed at advancing the energy transition in the region.

Australia on Wednesday approved plans for a massive solar hub intended to power millions of homes domestically and supply electricity to Singapore. It says the park will be the world's largest renewable energy installation when complete, and capable of powering 16.1 million homes a year.

Executive director at the International Monetary Fund (IMF) Krishnamurthy Subramanian on Wednesday said that the size of the Indian economy has the potential to touch USD 55 trillion by 2047 if the growth rate in dollar terms remains at 12 per cent.

Although gross inflows had gone up around 23 Percent in the previous quarter, the last two financial years had seen a decline in the FDI coming into the country, which govt had attributed to weak sentiments in developed markets. Latest data released in the RBI Bulletin showed a 37.6 Percent rise in inflows during June, slower than the 49 Percent jump in the previous month (see graphic).

Chief Minister M K Stalin inaugurated 19 projects worth Rs 17,616 crore and laid the foundation for 28 industrial ventures with an investment of Rs 51,157 crore. These initiatives are expected to provide employment for over one lakh people. Notably, Sembcorp and Greenko Group committed major investments in renewable energy projects in Tamil Nadu during the investment conclave 2024.

Brookfield, a global owner and operator of real assets, has proposed to invest massively in Andhra Pradesh in the next three to five years in renewable energy, focusing on wind and solar formats.

The supply orders will be executed from its new manufacturing facility located in Sanand, Gujarat over the next three months, the steel pipes maker said in a statement.

The conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by the core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports.

"The consistently advancing EBITDA is largely driven by the Group's highly stable and resilient 'core infrastructure' platform, which constitutes over 80 per cent of the portfolio EBITDA and saw a remarkable 41.6 per cent growth year-on-year in Q1," it said.