Latest news with #Bio-CNG
Time of India
16-05-2025
- Business
- Time of India
Allocate govt land for Bio-CNG plants: Chhattisgarh govt to collectors
Raipur: The Chhattisgarh govt issued a circular to all district collectors regarding the allocation of land for Bio-CNG plants to be established in urban local bodies for processing bio-waste and agricultural waste. The circular, issued by the Urban Administration and Development Department from the ministry, references the decision taken in the state Cabinet meeting held on April 17. In compliance with the Cabinet's decision, govt land is to be allocated at concessional lease rates for Bio-CNG plants being set up in all urban local bodies of the state for the processing of bio-waste-cum-agricultural waste. The Urban Administration Department and the concerned urban local body have been authorised to take necessary action for the establishment of these Bio-CNG plants. The state govt instructed the collectors to allocate a maximum of ten acres of govt land at a concessional lease rate of Rs 1 per square metre to public sector undertakings and govt oil and gas marketing companies for the establishment of Bio-CNG plants for processing bio-waste and agricultural waste in urban local bodies. The department also directed the collectors to take necessary steps to lease the land to these entities for a maximum period of 25 years.
Time of India
15-05-2025
- Business
- Time of India
Allocate govt land for Bio-CNG plants: CG govt to collectors
Raipur: The Chhattisgarh govt issued a circular to all district collectors regarding the allocation of land for Bio-CNG plants to be established in urban local bodies for processing bio-waste and agricultural waste. The circular, issued by the Urban Administration and Development Department from the ministry, references the decision taken in the state Cabinet meeting held on April 17. In compliance with the Cabinet's decision, govt land is to be allocated at concessional lease rates for Bio-CNG plants being set up in all urban local bodies of the state for the processing of bio-waste-cum-agricultural waste. The Urban Administration Department and the concerned urban local body have been authorised to take necessary action for the establishment of these Bio-CNG plants. The state govt instructed the collectors to allocate a maximum of ten acres of govt land at a concessional lease rate of Rs 1 per square metre to public sector undertakings and govt oil and gas marketing companies for the establishment of Bio-CNG plants for processing bio-waste and agricultural waste in urban local bodies. The department also directed the collectors to take necessary steps to lease the land to these entities for a maximum period of 25 years.
Time of India
15-05-2025
- Business
- Time of India
State govt directs Collectors to allocate land for Bio-CNG plants
RAIPUR: The Chhattisgarh government has issued a circular to all district collectors regarding the allocation of land for Bio-CNG plants to be established in urban local bodies for processing bio-waste and agricultural waste . The circular, issued by the Urban Administration and Development Department from the ministry, references the decision taken in the state Cabinet meeting held on April 17. In compliance with the cabinet's decision, government land is to be allocated at concessional lease rates for Bio-CNG plants being set up in all urban local bodies of the state for the processing of bio-waste-cum-agricultural waste. The Urban Administration Department and the concerned urban local body have been authorised to take necessary action for the establishment of these Bio-CNG plants. The state government has instructed the collectors to allocate a maximum of ten acres of government land at a concessional lease rate of Rs 1 per square meter to public sector undertakings and government oil and gas marketing companies for the establishment of Bio-CNG plants for processing bio-waste and agricultural waste in urban local bodies. The department has also directed the collectors to take necessary steps to lease the land to these entities for a maximum period of 25 years.
Business Standard
10-05-2025
- Business
- Business Standard
Thermax Q4 PAT jumps 8% YoY to Rs 206 cr; declares dividend of Rs 14/sh
Thermax's consolidated net profit jumped 8.09% to Rs 205.90 crore in Q4 FY25 as against Rs 190.33 crore posted in Q4 FY24. Revenue from operations grew by 11.62% to Rs 3,084.93 crore in the quarter ended 31 March 2025. Profit before tax (PBT) was at Rs 300.64 crore in Q4 FY25, up 19.84% as against Rs 250.86 crore posted in Q4 FY24. On the segmental front, revenue from industrial products stood at Rs 1,430.41 crore (up 18.47% YoY), revenue from industrial infra stood at Rs 1,415.19 crore (up 4.32% YoY), revenue from green solutions stood at Rs 151.87 crore (up 4.14% YoY) and revenue from chemical segment stood at Rs 210.10 crore (up 36.32% YoY) during the quarter. As of 31 March 2025, the order balance stood at Rs 10,693 crore, reflecting a 6% increase from Rs 10,111 crore in the corresponding quarter of the previous year. Order booking for the quarter was Rs 2,119 crore, representing an 8% decline compared to Rs 2,309 crore in the same quarter of the previous fiscal year. The quarterly results were affected by the recognition of higher technology intervention costs amounting to Rs 66 crore in Bio-CNG projects under the industrial infra segment. On standalone basis, the companys net profit zoomed 113.96% to Rs 275.05 crore in Q4 FY25 as against Rs 128.55 crore posted in Q4 FY24. Revenue from operations added 13.46% YoY to Rs 1,971.65 crore posted in Q4 FY25. The order booking for the quarter declined by 6% to Rs 1,526 crore, compared to Rs 1,623 crore in the same period last year. The order backlog as of 31 March 2025 stood at Rs 6,026 crore, a decrease of 3% from Rs 6,213 crore. Meanwhile, the board has recommended a dividend of Rs 14 per share for FY 2024-25. The record date for payment of dividend is fixed as Friday, 4 July 2025. Further, the board has approved the re-appointment of Ashish Bhandari as managing director, chief executive officer, and key managerial personnel of the company for a further term of five years, effective from September 1, 2025, to 31 August 2030. Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, Europe and Southeast Asia. Shares of Thermax advanced 2.47% to Rs 3,234.75 on Friday, 9 May 2025.
Hindustan Times
22-04-2025
- Business
- Hindustan Times
Greater Noida to set up bio-CNG plant at Astoli
The Greater Noida authority has decided to set up a bio-CNG plant in Astoli village to treat 300 tonnes of wet waste every day and turn it into eco-friendly fuel that can be used in vehicles. The plant will be set up by Reliance Bioenergy on 11.5 acres of land, which the firm has taken on lease for 25 years at a rate of ₹1 per square metre per year. Construction began on April 11 and the project is expected to be completed in one-and-a-half years, officials said. Reliance will operate the plant using technology that processes kitchen and food waste through a method called bio-methanation, which produces Bio-CNG gas that can be used in vehicles such as buses. 'Reliance will pay the Greater Noida authority ₹225 for every tonne of waste processed. Reliance will be allowed to sell the gas and other by-products. The plant will receive benefits from carbon credit revenue and solve the city's waste disposal problem,' said Ravi Kumar NG, chief executive officer of the Greater Noida authority. The plant will help turn wet waste into clean fuel, said additional chief executive officer of Greater Noida authority, Srilakshmi VS. Greater Noida produces around 800 tonnes of waste daily. Once operational, the plant will help in treating a major portion of that waste the same day it is collected, reducing pollution and keeping the city clean. The authority plans to have similar arrangements for treating garbage at Astoli.
