India's largest company, Reliance Industries, plans to shift its twin refineries in Gujarat to use green hydrogen instead of grey hydrogen, as part of its new energy initiative. The company targets 20-gigawatt solar power generation by 2025 and aims to be carbon-neutral by 2035. Reliance will also set up battery and wind turbine manufacturing ecosystems, and has partnered with global companies for its green energy project. Don't miss updates on Fortune India's journey by following us on social media and visit Amazon to purchase the latest article.
Reliance Industries Unveils Green Hydrogen Ambitions: India's Energy Transformation
Amidst the global push for sustainable energy, India's largest company, Reliance Industries, has set its sights on becoming a leader in the hydrogen revolution. As part of its new energy strategy, the company plans to transform its twin refineries in Gujarat from using grey hydrogen to green hydrogen.
Background: Hydrogen as a Clean Energy Source
Hydrogen, the lightest element in the periodic table, holds immense potential as a clean and renewable energy source. When combined with oxygen in a fuel cell, it produces electricity and water, emitting no harmful emissions. This makes hydrogen an attractive alternative to fossil fuels, particularly in sectors such as transportation, power generation, and industrial processes.
Reliance's Green Hydrogen Initiative
Recognizing the transformative power of hydrogen, Reliance Industries has outlined an ambitious plan to establish itself as a major player in the global hydrogen market. The company aims to:
Top 5 FAQs and Answers
1. What is the difference between grey hydrogen and green hydrogen?
2. Why is Reliance shifting to green hydrogen?
3. What are the benefits of using hydrogen in refineries?
4. How will Reliance source green hydrogen?
5. What is the significance of Reliance's green hydrogen initiative for India?
Conclusion
Reliance Industries' bold move into green hydrogen is a testament to India's commitment to sustainable energy. By leveraging its vast resources and partnerships, the company aims to become a global leader in this emerging industry. The transition to green hydrogen holds the potential to transform India's energy landscape and contribute to the country's economic growth while reducing its environmental impact. As the hydrogen revolution unfolds, Reliance Industries is poised to play a pivotal role in shaping the future of energy in India and beyond.
JTL Industries announced that its board has approved a proposal to split the company's equity shares, making them more affordable and accessible to small investors. The stock closed 0.42% lower on Thursday, with a market cap of Rs 4,437.98 crore. The division of shares is expected to be completed within two months, with the aim of increasing liquidity in the capital market. This is the second stock split for the company, which has seen a phenomenal rally of 88% in the last two years and a whopping 2773% in the last five years.
Prime Minister Narendra Modi released the 18th installment of PM Kisan Yojana during his visit to Maharashtra, with more than 9.4 crore farmers benefiting from over Rs 20,000 crore. This brings the total amount disbursed through the PM Kisan scheme to nearly Rs 32,000 crore for 1.20 crore farmers in Maharashtra alone. Additionally, the Prime Minister also announced the release of nearly Rs 2,000 crore for Maharashtra's farmers under the Namo Shetkari Mahasanman Nidhi Yojana. Farmers facing issues with the scheme can contact the PM Kisan helpline numbers for assistance, while staying updated on the latest business and stock market news on Zee Business's social media platforms and website.
Nissan Motor India introduces updated version of its compact SUV, the Magnite, in the Indian market with visual and interior enhancements. The prices, starting at Rs. 5.99 lakh, are valid for the first 10,000 customers and deliveries have already begun. The new Magnite features a more prominent front grille, revised bumper, new LED DRLs, new variant names, and refreshed interior design with ambient lighting and two-tone leatherette seats.
The highly anticipated Nissan Magnite facelift is set to launch in India with improved powertrain options and features. The entry-level XE and XL trim levels will not be affected by the changes, allowing for a lower starting price point. Early buyers of the facelifted model may receive delivery just one day after its launch. Additionally, the Magnite Geza Edition, with its turbo-CVT variant, offers a breath of fresh air to the lineup. With an introductory price of Rs 6.5 lakh, the Magnite AMT is India's most affordable automatic SUV, making it a popular choice among budget-conscious buyers.
A couple in Kanpur is accused of scamming people of over Rs 35 crore by promising to use an "Israel-made time machine" to make their skin look younger. The couple ran a therapy center called 'Revival World' and convinced people that the polluted air in the city was causing them to age faster. They charged Rs 90,000 for the "oxygen therapy" which they claimed could make a 60-year-old look like a 25-year-old. The shocking scam came to light after three individuals who were duped by the couple filed complaints with the Kanpur Police.
Despite attempting to absolve themselves of legal responsibility for child safety infractions by merging Twitter into X, Elon Musk's company is still facing a $400,000 fine for failure to comply with an investigation into the proliferation of child sexual abuse material on its platform. The presiding judge rejected X's argument that they had no obligation to respond to the notice, stating that under Nevada law, the merger turned Twitter into a "constituent entity" and transferred all of its liabilities to X. The judge also called out the company's expert witness for providing "superficial" and flawed testimony in an attempt to defend X's actions.
The International Olympic Committee has suffered a major blow as three of its Japanese sponsors – Toyota, Panasonic, and Bridgestone – have decided to not renew their contracts. This is believed to be a result of the controversies surrounding the postponed 2020 Tokyo Games, including fan bans, high costs, and corruption scandals. The IOC will now be looking to secure new sponsorship income from the Middle East and India, as it faces the loss of over $2 billion from these three companies alone.
Indian Bank has recently released the admit card for the online exam for the post of Local Bank Officer (LBO) on their official website indianbank.in. Candidates can now download their admit cards by following a few steps and entering their registration number and date of birth. This update is crucial for aspiring candidates looking for latest government jobs and exam preparation materials, which are available on the Jagran Josh Sarkari Naukri App.
Canara Bank, one of India's leading public sector banks, is seeking qualified candidates for the positions of Company Secretary (CS) in Middle Management Grade and Scale III. The bank has announced a total of six vacancies for this role, three in Middle Management Grade MMGS II and three in Scale III. Eligible candidates can apply online through the official website before October 20, 2024.
With over a decade of experience in renewable energy and sustainability, Litha Communications has announced its renewed focus on providing specialised public relations and media services for these sectors. The well-established media and events company aims to drive the just energy transition forward through strategic communications, comprehensive event management, specialized content creation, and stakeholder engagement. As the world moves towards a sustainable future, Litha Communications is poised to play a vital role in shaping the narrative and driving engagement in the energy and sustainability sectors.