Latest news with #ACMEGroup
Time of India
01-08-2025
- Business
- Time of India
ACME group to supply 75,000 tonnes of green ammonia under SIGHT scheme
ACME Group , a clean energy firm, on Friday said it has received a Letter of Award (LoA) from the Solar Energy Corporation of India Ltd. ( SECI ) for a green ammonia production project. Under this, the firm will supply 75,000 metric tonnes of green ammonia to Paradeep Phosphates, one of India's largest chemicals and fertiliser companies. According to a press release, the agreed price for green ammonia supply at the delivery point is set at ₹55.75 per kilogram. The green ammonia will be delivered to Paradeep Phosphates' facility in Paradeep, Odisha, over a period of 10 years. ACME Group participated in the competitive reverse auction held on July 29, 2025, through its entity, ACME Cleantech Solutions. "We look forward to swiftly commissioning the facility and delivering clean ammonia to Paradeep Phosphates Limited, thereby contributing to India's rapidly evolving green energy ecosystem," said Anil Kumar Taparia, Chief Operating Officer of ACME Group's Green Hydrogen & Ammonia SBU. The project award falls under the Strategic Interventions for Green Hydrogen Transition Scheme Mode-2A, Tranche-I.
Economic Times
01-08-2025
- Business
- Economic Times
ACME Group wins bid to supply 75,000 tonnes of green ammonia under SIGHT scheme
TIL Creatives AI generated image for representation purposes. ACME Group on Friday said it has received a Letter of Award (LoA) for a green ammonia production project under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. Under the LoA, the company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Ltd, one of India's largest chemicals and fertilizer companies, at its facility in Paradeep, Odisha, for a period of 10 years, ACME said in a statement. The ACME Group participated in the reverse auction held on July 29, 2025, through its entity ACME Cleantech Solutions. According to the statement, the ACME Group has received the LoA for a significant green ammonia production project by Solar Energy Corporation of India (SECI) under the SIGHT Scheme Mode-2A, Tranche-I. The LoA confirms ACME Group's selection through a competitive cost-based bidding process. The agreed price for green ammonia supply at the delivery point is Rs 55.75 per kilogram. This landmark award is a significant step towards accelerating the adoption of clean energy and decarbonising the hard-to-abate sectors in India. Anil Kumar Taparia, Chief Operating Officer of ACME Group's Green Hydrogen & Ammonia, SBU, said in the statement, "We look forward to swiftly commissioning the facility and delivering clean ammonia to Paradeep Phosphates, thereby contributing to India's rapidly evolving green energy ecosystem." ACME Cleantech Solutions will begin delivering green ammonia to Paradeep Phosphates Limited in 36 months from the signing of the Green Ammonia Purchase Agreement (GAPA) with SECI. This project is a critical step forward in ACME's strategy to lead India's renewable energy transformation and marks a major milestone in the commercialisation of green hydrogen derivatives such as ammonia.
Time of India
01-08-2025
- Business
- Time of India
ACME Group wins bid to supply 75,000 tonnes of green ammonia under SIGHT scheme
ACME Group on Friday said it has received a Letter of Award (LoA) for a green ammonia production project under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. Under the LoA, the company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Ltd, one of India's largest chemicals and fertilizer companies, at its facility in Paradeep, Odisha, for a period of 10 years, ACME said in a statement. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Product Management Cybersecurity Project Management PGDM Finance Technology Artificial Intelligence MCA CXO Leadership Data Analytics Digital Marketing Data Science others MBA Design Thinking healthcare Others Degree Public Policy Healthcare Data Science Management Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details The ACME Group participated in the reverse auction held on July 29, 2025, through its entity ACME Cleantech Solutions. According to the statement, the ACME Group has received the LoA for a significant green ammonia production project by Solar Energy Corporation of India (SECI) under the SIGHT Scheme Mode-2A, Tranche-I. The LoA confirms ACME Group's selection through a competitive cost-based bidding process. Live Events The agreed price for green ammonia supply at the delivery point is Rs 55.75 per kilogram. This landmark award is a significant step towards accelerating the adoption of clean energy and decarbonising the hard-to-abate sectors in India. Anil Kumar Taparia, Chief Operating Officer of ACME Group's Green Hydrogen & Ammonia, SBU, said in the statement, "We look forward to swiftly commissioning the facility and delivering clean ammonia to Paradeep Phosphates, thereby contributing to India's rapidly evolving green energy ecosystem." ACME Cleantech Solutions will begin delivering green ammonia to Paradeep Phosphates Limited in 36 months from the signing of the Green Ammonia Purchase Agreement (GAPA) with SECI. This project is a critical step forward in ACME's strategy to lead India's renewable energy transformation and marks a major milestone in the commercialisation of green hydrogen derivatives such as ammonia.
News18
01-08-2025
- Business
- News18
ACME Group gets LoA for green ammonia production project
Agency: Last Updated: New Delhi, Aug 1 (PTI) ACME Group on Friday said it has received a Letter of Award (LoA) for a green ammonia production project under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. Under the LoA, the company will supply 75,000 metric tonnes of green ammonia annually to Paradeep Phosphates Ltd, one of India's largest chemicals and fertilizer companies, at its facility in Paradeep, Odisha, for a period of 10 years, ACME said in a statement. The ACME Group participated in the reverse auction held on July 29, 2025, through its entity ACME Cleantech Solutions. According to the statement, the ACME Group has received the LoA for a significant green ammonia production project by Solar Energy Corporation of India (SECI) under the SIGHT Scheme Mode-2A, Tranche-I. The LoA confirms ACME Group's selection through a competitive cost-based bidding process. The agreed price for green ammonia supply at the delivery point is Rs 55.75 per kilogram. This landmark award is a significant step towards accelerating the adoption of clean energy and decarbonising the hard-to-abate sectors in India. Anil Kumar Taparia, Chief Operating Officer of ACME Group's Green Hydrogen & Ammonia, SBU, said in the statement, 'We look forward to swiftly commissioning the facility and delivering clean ammonia to Paradeep Phosphates, thereby contributing to India's rapidly evolving green energy ecosystem." ACME Cleantech Solutions will begin delivering green ammonia to Paradeep Phosphates Limited in 36 months from the signing of the Green Ammonia Purchase Agreement (GAPA) with SECI. This project is a critical step forward in ACME's strategy to lead India's renewable energy transformation and marks a major milestone in the commercialisation of green hydrogen derivatives such as ammonia. PTI KKS 1.0.0 DR DR view comments First Published: August 01, 2025, 16:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Zawya
30-06-2025
- Business
- Zawya
Oman's first green ammonia project begins receiving key cargo
MUSCAT - Project cargo has begun arriving at the Special Economic Zone at Duqm (SEZAD) for Oman's first green hydrogen and ammonia venture — a landmark initiative set to kickstart the Sultanate of Oman's gigawatt-scale green energy industry. Green Hydrogen and Chemicals Company SAOC (GHC), a wholly owned subsidiary of India-based renewable energy developer ACME Group, is developing the green ammonia plant with an initial capacity of 100,000 tonnes per annum (tpa). The project, estimated at around $750 million, is designed for phased expansion to 1.1 million tpa. Last week, Khimji Ramdas Shipping announced the successful discharge and inland delivery of the first major consignment of project cargo from the Port of Duqm to the plant site. The shipment comprised 14 packages of oversized equipment, including a single unit weighing 120 metric tonnes. This shipment marks the first in a series of heavy cargo deliveries expected at Port of Duqm in the run-up to the plant's scheduled commissioning in Q1 2027. Forthcoming consignments will include solar PV modules, trackers and electrolysers — key components already under contract as part of the project's broader supply chain. Earlier this month, GameChange Solar, a global leader in solar tracking systems, announced a deal to supply its Genius Tracker technology for a 450 MWp solar installation that will generate renewable electricity for the project. The 1P single-row tracker system is engineered to withstand high winds and extreme weather conditions, making it suitable for Al Duqm's coastal environment. Leading Chinese manufacturer Sungrow Hydrogen revealed it had been contracted to supply multiple sets of 1000 Nm³/h alkaline electrolysis systems, along with flexible green hydrogen production solutions. Deliveries are expected to be completed by end-2025. Fellow Chinese company Shuangliang Hydrogen has also secured a contract to supply hydrogen production equipment for the same project, with delivery similarly due by year-end. In parallel, UAE-based DarkOcen Geostar recently completed the fieldwork phase of an offshore geotechnical investigation at SEZAD. The campaign included borehole drilling, Cone Penetration Testing (CPT) and evaluations of pipeline corridors and marine anchor points to support the development of future marine infrastructure for the ammonia plant. The Duqm green ammonia project is one of nine large-scale green hydrogen initiatives planned for development across Oman's Al Wusta and Dhofar governorates over the next decade. These projects collectively represent investments exceeding $40 billion. The timely delivery and execution of the Duqm plant is seen as pivotal to unlocking Oman's broader hydrogen strategy. As part of a long-term offtake agreement signed last year, Norwegian fertiliser giant Yara will lift the full annual output from the first phase — 100,000 tonnes of green ammonia — reinforcing the project's strong commercial foundation. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
