Latest news with #RefuseDerivedFuel
Time of India
a day ago
- Business
- Time of India
KSERC sets useful life and registration process for renewable energy projects
T'puram: The draft regulations on renewable energy published by the Kerala State Electricity Regulatory Commission set the useful life of standalone Battery Energy Storage System (BESS) at 12 years. BESS is considered a major option for storing renewable energy, especially solar energy, which is otherwise unavailable during night hours when electricity consumption is at its peak. KSEB plans to set up BESS with assistance from Centre. The regulations set the useful life of biogas-based power projects and biomass gasifier-based power projects at 25 years. The life of solar PV power projects, including floating solar projects and solar thermal power projects, is also 25 years. The useful life of Municipal Solid Waste (MSW) and Refuse Derived Fuel (RDF) based power projects is 20 years. For hydroelectric plants, the useful lifetime is 40 years. For wind, biomass and non-fossil fuel-based cogeneration projects, the useful life is set at 25 years. As per the draft regulations, eligible consumers shall, within 45 days of receipt of technical feasibility or deemed feasibility, apply online to the distribution licensee concerned for registration of their scheme for installing the renewable energy generating system. The licensee is expected to verify the documents within three working days. If any changes are recommended, the applicant is supposed to carry them out within seven working days.
New Indian Express
3 days ago
- Business
- New Indian Express
Puducherry launches Rs 110 crore integrated solid waste management project
PUDUCHERRY: The Union Territory is poised to roll out a comprehensive Integrated Solid Waste Management (ISWM) project for its urban areas, with a pilot phase commencing on June 1. Full-scale operations will follow from July 1, to be executed by Green Warrior Agency (GWA), which has been awarded the contract. The new initiative marks the end of services rendered by Swachhata Corporation, whose contract concludes on June 30. GWA will be responsible for the entire waste management cycle, including door-to-door collection, segregation, transportation, processing, composting, recycling, and biogas generation. Funded under the Swachh Bharat Mission 2.0 by the Ministry of Housing and Urban Affairs, the `110-crore project includes a Central capital subsidy of Rs 18.76 crore. It seeks to overhaul the existing system by phasing out community bins and adopting a decentralised, household-level waste collection model. The trial run will be launched in Chief Minister N Rangasamy's Thattanchavady constituency and at the Raj Bhavan, aimed at acclimatising residents to the new waste handling procedures. Speaking to TNIE, Director of Local Administration S Shakthivel said the Kurumbapet dump yard (KDY) is being readied with advanced infrastructure for processing various waste streams, including electronic waste. A 10.5-acre portion of the site has been earmarked for infrastructure development. A 60-tonne-per-day pyrolysis plant is being established at the site to produce 12 to 15 tonnes of Refuse Derived Fuel (RDF) daily. Additionally, a 100-tonne-per-day Compressed Biogas (CBG) facility, costing `25 crore, is expected to yield 2.5 tonnes of biogas each day. Mechanised systems will handle segregation to facilitate composting and recycling of plastics, wood, and other recoverables. The facility will also manufacture paver blocks, with all end products marketed to industries as part of a circular economy model. GWA will be remunerated at `3,300 per tonne of waste processed. Spanning 23 acres, the Kurumbapet yard is also undergoing legacy waste clearance. Since 2021, Zigma Global Environment Solutions, based in Erode, has removed 10.5 lakh tonnes of legacy waste, reclaiming 14 acres in the process. A resource park and testing laboratory are currently being set up at the site, which will also accommodate the relocated solid waste management wing of the Local Administration Department. Puducherry generates approximately 350 tonnes of solid waste daily, with an additional 100 to 120 tonnes coming from surrounding commune panchayats. While the ISWM initiative is expected to significantly enhance cleanliness and environmental sustainability, officials admit that achieving seamless door-to-door collection across all urban areas will be a major operational challenge.
Business Upturn
5 days ago
- Business
- Business Upturn
Antony Waste shares jump over 5% after strong Q4 results
By Aditya Bhagchandani Published on May 30, 2025, 10:11 IST Shares of Antony Waste Handling Cell surged 5.19% to ₹639.10 in morning trade on May 30 after the company posted a strong set of results for the March quarter and the full fiscal year FY25. The company's total operating revenue for Q4FY25 stood at ₹223 crore, marking a 14% year-on-year growth. EBITDA jumped 33% to ₹58 crore, with the EBITDA margin improving to 23%, up by 300 basis points from a year ago. Net profit rose to ₹46 crore from ₹30.2 crore, reflecting a 53% YoY increase. For the full fiscal year FY25, the company reported total revenue of ₹841.5 crore, up 10% from the previous year, while EBITDA came in at ₹220.2 crore, showing a 9% increase year-on-year. Operational highlights included the sale of approximately 45,200 tonnes of Refuse Derived Fuel (RDF) and 4,500 tonnes of compost in Q4, with compost sales witnessing a massive 165% YoY growth. The company's Pimpri-Chinchwad Waste-to-Energy (WtE) plant achieved a high plant load factor of ~82%, while its construction and demolition waste recycling unit hit a 96% recycling rate. The company also received ₹27.86 crore following a favourable ruling from the Bombay High Court, bolstering its financials for the year. The market responded positively to the company's continued operational efficiency and emphasis on sustainability, contributing to today's sharp upmove in the stock. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
5 days ago
- Business
- Time of India
Nikita Papers IPO subscribed 1.4 times on Day 3. Check GMP, price band and key issue details
Nikita Papers' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.43 times as of 6:30 PM on Thursday, May 29. Non-institutional investors (NIIs) led the subscriptions, bidding 2.11 times their allocated quota. Retail investors followed with a subscription of 1.84 times, while qualified institutional buyers (QIBs) subscribed 74% of their share. The Rs 67.54 crore issue will close on May 29, and listing is expected on the NSE SME platform on June 3. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo GMP nil According to market sources, the grey market premium (GMP) for Nikita Papers was last seen at Rs 0, falling from Rs 5 on Wednesday. While a nil GMP suggests downbeat sentiment, analysts note that broader market support and strong final-day bidding could provide upside surprise during listing. IPO structure and key details The IPO is a complete fresh issue of 64.94 lakh equity shares, aiming to raise Rs 67.54 crore at the upper end of the Rs 95–104 price band. The lot size is fixed at 1,200 shares, requiring a minimum investment of Rs 1.25 lakh for retail participants. Live Events Anchor allocation took place on May 26, with the offer opening to other investors from May 27. Allotment is expected to be finalised by May 30. Use of proceeds Funds raised from the IPO will be deployed towards capital expenditure for setting up a renewable energy power plant based on biomass and Refuse Derived Fuel (RDF), working capital needs, and general corporate purposes. Business profile Founded in 2010, Nikita Papers is engaged in the manufacturing of Kraft paper, catering to industries aligned with eco-friendly and sustainable packaging. The company has built a strong presence in the market, underpinned by product quality, process efficiency, and an emphasis on environmental responsibility. The proposed investment in renewable energy aligns with the company's strategy of reducing reliance on conventional fuel sources and enhancing long-term operational sustainability. Financial snapshot In FY24, Nikita Papers reported revenue of Rs 338.60 crore, EBITDA of Rs 48.40 crore, and profit after tax (PAT) of Rs 16.60 crore. For the nine-month period ending December 2024, the company posted revenue of Rs 265.14 crore, EBITDA of Rs 43.80 crore, and PAT of Rs 15.68 crore—suggesting healthy year-on-year growth momentum. Intermediaries The IPO is managed by Fast Track Finsec Pvt Ltd, with Skyline Financial Services Pvt Ltd acting as the registrar. The equity share allocation includes 18.50 lakh shares for anchor investors, 12.33 lakh for QIBs, 9.25 lakh for NIIs, and 21.58 lakh for retail investors. A market maker portion of 3.26 lakh shares is also reserved. Also read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details
Economic Times
5 days ago
- Business
- Economic Times
Nikita Papers IPO subscribed 1.4 times on Day 3. Check GMP, price band and key issue details
GMP nil IPO structure and key details Live Events Use of proceeds Business profile Financial snapshot Intermediaries (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Nikita Papers' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.43 times as of 6:30 PM on Thursday, May investors (NIIs) led the subscriptions, bidding 2.11 times their allocated quota. Retail investors followed with a subscription of 1.84 times, while qualified institutional buyers (QIBs) subscribed 74% of their share. The Rs 67.54 crore issue will close on May 29, and listing is expected on the NSE SME platform on June to market sources, the grey market premium (GMP) for Nikita Papers was last seen at Rs 0, falling from Rs 5 on a nil GMP suggests downbeat sentiment, analysts note that broader market support and strong final-day bidding could provide upside surprise during IPO is a complete fresh issue of 64.94 lakh equity shares, aiming to raise Rs 67.54 crore at the upper end of the Rs 95–104 price band. The lot size is fixed at 1,200 shares, requiring a minimum investment of Rs 1.25 lakh for retail allocation took place on May 26, with the offer opening to other investors from May 27. Allotment is expected to be finalised by May raised from the IPO will be deployed towards capital expenditure for setting up a renewable energy power plant based on biomass and Refuse Derived Fuel (RDF), working capital needs, and general corporate in 2010, Nikita Papers is engaged in the manufacturing of Kraft paper, catering to industries aligned with eco-friendly and sustainable packaging. The company has built a strong presence in the market, underpinned by product quality, process efficiency, and an emphasis on environmental proposed investment in renewable energy aligns with the company's strategy of reducing reliance on conventional fuel sources and enhancing long-term operational FY24, Nikita Papers reported revenue of Rs 338.60 crore, EBITDA of Rs 48.40 crore, and profit after tax (PAT) of Rs 16.60 crore. For the nine-month period ending December 2024, the company posted revenue of Rs 265.14 crore, EBITDA of Rs 43.80 crore, and PAT of Rs 15.68 crore—suggesting healthy year-on-year growth IPO is managed by Fast Track Finsec Pvt Ltd, with Skyline Financial Services Pvt Ltd acting as the registrar. The equity share allocation includes 18.50 lakh shares for anchor investors, 12.33 lakh for QIBs, 9.25 lakh for NIIs, and 21.58 lakh for retail investors. A market maker portion of 3.26 lakh shares is also reserved.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
