Latest news with #SanjeevAggarwal
Business Standard
27-05-2025
- Business
- Business Standard
Hexa Climate and Asvata Partner for the Launch of Afforestation Project in West Bengal
NewsVoir Gurugram (Haryana)/ Mumbai (Maharashtra) [India], May 27: Hexa Climate, a portfolio company of I Squared Capital, and Asvata, the carbon credit venture of RPG Group, announce the launch of a pioneering afforestation project in Purulia, West Bengal. The project,which aims to transform fallow land into thriving forest ecosystems, involves planting 500,000 trees, with a potential to scale-up to 1.5 million trees. It will be registered under the VERRA VM0047 methodology, supported by advanced satellite monitoring and drone surveillance to ensure transparency, traceability, and high-quality carbon outcomes. The project shall help in improving soil fertility, promoting biodiversity and replenishing ground water. In addition to environmental restoration, it also supports community upliftment by generating employment, encouraging beekeeping and vermi-composting. "Our foray into Nature-Based Solutions is a natural extension of our mission to connect the dots for a better world," said Sanjeev Aggarwal, Founder and Executive Chairman of Hexa Climate. "We are building climate-resilient assets that support businesses in achieving their Net Zero goals with integrity and impact." "We are delighted to partner with Hexa Climate on a project that exemplifies the dual power of climate action. We are excited to collaborate with local farmers, communities and experts to implement best practices in forestry and are committed to creating long-term value for both people and the planet. This is carbon finance with purpose," Navin Mathur, COO, Asvata (RPG Group). Hexa Climate provides Net Zero solutions to corporates across APAC. Backed by I Squared Capital, a global infrastructure investor with over USD 40 billion in AUM, Hexa plans to deploy over USD 500 million in equity across its verticals including renewables, battery storage solutions and carbon offset solutions. In a carbon market increasingly scrutinized for quality and credibility, Hexa Climate is positioning itself as a solutions partner to corporates seeking research-backed, verifiable carbon credits. The company will offer long-term carbon credits under a Pay-on-Delivery model, providing corporates a trustworthy pathway to meet decarbonization targets. Future carbon projects under development include mangroves, biochar, and biodigesters, forming a diversified portfolio of scalable climate solutions. Visit our website | Follow us on LinkedIn Asvata, the carbon credit venture of the RPG Group, is committed to accelerating climate action through high-impact carbon offset solutions. Headquartered in Mumbai, Asvata develops and finances projects that reduce greenhouse gas emissions while advancing sustainable development. Beyond carbon finance, Asvata plays an active role in end-to-end project development and portfolio management. Its core proposition lies in building high-quality carbon offset portfolios that help organizations achieve their sustainability and net-zero goals. Asvata supports climate action that extends beyond emissions reduction - enabling the transformation of communities, livelihoods, and ecosystems. Its diverse portfolio spans Nature-Based Solutions and Engineered Removals, reflecting a balanced and future-ready approach to carbon mitigation.
Fashion Value Chain
27-05-2025
- Business
- Fashion Value Chain
Hexa Climate and Asvata Partner for the Launch of Afforestation Project in West Bengal
Hexa Climate, a portfolio company of I Squared Capital, and Asvata, the carbon credit venture of RPG Group, announce the launch of a pioneering afforestation project in Purulia, West Bengal. The project,which aims to transform fallow land into thriving forest ecosystems, involves planting 500,000 trees, with a potential to scale-up to 1.5 million trees. It will be registered under the VERRA VM0047 methodology, supported by advanced satellite monitoring and drone surveillance to ensure transparency, traceability, and high-quality carbon outcomes. The project shall help in improving soil fertility, promoting biodiversity and replenishing ground water. In addition to environmental restoration, it also supports community upliftment by generating employment, encouraging beekeeping and vermi-composting. 'Our foray into Nature-Based Solutions is a natural extension of our mission to connect the dots for a better world,' said Sanjeev Aggarwal, Founder and Executive Chairman of Hexa Climate. 'We are building climate-resilient assets that support businesses in achieving their Net Zero goals with integrity and impact.' 'We are delighted to partner with Hexa Climate on a project that exemplifies the dual power of climate action. We are excited to collaborate with local farmers, communities and experts to implement best practices in forestry and are committed to creating long-term value for both people and the planet. This is carbon finance with purpose,' Navin Mathur, COO, Asvata (RPG Group). About Hexa Climate Hexa Climate provides Net Zero solutions to corporates across APAC. Backed by I Squared Capital, a global infrastructure investor with over USD 40 billion in AUM, Hexa plans to deploy over USD 500 million in equity across its verticals including renewables, battery storage solutions and carbon offset solutions. In a carbon market increasingly scrutinized for quality and credibility, Hexa Climate is positioning itself as a solutions partner to corporates seeking research-backed, verifiable carbon credits. The company will offer long-term carbon credits under a Pay-on-Delivery model, providing corporates a trustworthy pathway to meet decarbonization targets. Future carbon projects under development include mangroves, biochar, and biodigesters, forming a diversified portfolio of scalable climate solutions. Visit our website | Follow us on LinkedIn About Asvata Asvata, the carbon credit venture of the RPG Group, is committed to accelerating climate action through high-impact carbon offset solutions. Headquartered in Mumbai, Asvata develops and finances projects that reduce greenhouse gas emissions while advancing sustainable development. Beyond carbon finance, Asvata plays an active role in end-to-end project development and portfolio management. Its core proposition lies in building high-quality carbon offset portfolios that help organizations achieve their sustainability and net-zero goals. Asvata supports climate action that extends beyond emissions reduction – enabling the transformation of communities, livelihoods, and ecosystems. Its diverse portfolio spans Nature-Based Solutions and Engineered Removals, reflecting a balanced and future-ready approach to carbon mitigation. Visit our website | Follow us on LinkedIn
Business Wire
13-05-2025
- Business
- Business Wire
Everspin Technologies to Present at the Ladenburg Technology Innovation Expo25
CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies Inc., (NASDAQ: MRAM), the market leader in MRAM, announced that Sanjeev Aggarwal, President and Chief Executive Officer, and Bill Cooper, Chief Financial Officer, will present at the Ladenburg Technology Innovation Expo25, on May 21 st at 9:30 a.m. Eastern Time. About Everspin Technologies Everspin Technologies, Inc. is the world's leading provider of Magnetoresistive RAM (MRAM). Everspin MRAM delivers the industry's most robust, highest performance non-volatile memory for Industrial IoT, Data Center, and other mission-critical applications where data persistence is paramount. Headquartered in Chandler, Arizona, Everspin provides commercially available MRAM solutions to a large and diverse customer base. For more information, visit NASDAQ: MRAM.
Time of India
05-05-2025
- Automotive
- Time of India
JK Tyre targets 50% reduction in emissions and water use by 2030 with $100 mn ESG loan, says CFO
JK Tyre & Industries is aiming to cut its greenhouse gas emissions and raw water consumption by 50% by 2030 as part of its broader financial strategy tied to environmental goals, Chief Financial Officer Sanjeev Aggarwal told ETCFO. The company has secured a $100 million sustainability-linked loan (SLL) from the International Finance Corporation (IFC), making it the first Indian tyre manufacturer to tie funding directly to ESG outcomes. The two key KPIs embedded in the loan are a 50% cut in GHG emissions and a similar reduction in raw water use, both measured from 2018 levels. Funding to Support Capex and Debt Refinancing The funding has been split between JK Tyre ($30 million) and its subsidiary Cavendish Industries ($70 million), and will support ongoing capex at the Banmore and Laksar plants, with projects worth ₹1,025 crore in PCR (passenger car radial) tyres and ₹261 crore in TBR (truck and bus radial) tyres. The company will also refinance high-cost debt at Cavendish. Aggarwal said the move will help JK Tyre strengthen its position in key growth segments. Renewables and Investor Confidence in Focus JK Tyre has also joined the RE100 initiative, committing to 100% renewable electricity—a first for an Indian tyre maker. 'Aligning finance with ESG makes us more credible with global investors, especially as India pivots towards climate-smart manufacturing,' Aggarwal added. Outlook Strong, but External Risks Remain On the outlook, Aggarwal said the next six months should see continued demand traction, aided by logistics reforms, scrappage policy, and EV growth. However, he flagged elevated raw material prices and global trade uncertainties as key risks heading into FY26.
Yahoo
02-05-2025
- Business
- Yahoo
Hexa Climate Solutions acquires Fortum's Indian renewables portfolio
Indian renewable energy company Hexa Climate Solutions has announced the acquisition of Finnish electric services company Fortum's Indian renewables portfolio with plans to invest $500m to expand its clean energy projects, as reported by Reuters. The acquisition includes a 100% stake in Fortum India, including a 206MW commercial and industrial (C&I) renewables portfolio, a 600MW ready-to-build renewable projects pipeline and a 40-member team. Sanjeev Aggarwal, founder and executive chairman of Hexa, stated to Reuters that the company will make a total investment of $500m in India and other developing countries. The investment will be supported by I Squared Capital, which holds a majority share in Hexa. Hexa is set to invest $100m to complete Fortum's solar and wind projects in India. An additional $400m will be allocated to grow its clean energy portfolio from the current 100MW to 2.5GW up to 2027. The company anticipates that 65% of the portfolio will consist of solar assets, with the remainder in wind assets. This strategic move aligns with India's goal to almost triple its non-fossil power capacity to at least 500GW by 2030. The sale signifies Fortum's exit from the Indian market, following the divestment of 185MW of solar assets in 2024, as the company shifts focus to its operations in Finland. In March 2025, Fortum completed a two-year feasibility study on new nuclear power in Finland and Sweden, determining that it is not commercially viable on a merchant basis only under existing Nordic power market conditions. Hexa Climate offers renewable energy and net-zero solutions across key markets in India, Taiwan, Philippines, Japan, South Korea and Malaysia. "Hexa Climate Solutions acquires Fortum's Indian renewables portfolio" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
