Chettinad Cement to acquire majority stake
VFlowTech Raises Rs 1.7 Bn to Boost Battery Ops in India
Singapore-based energy storage firm VFlowTech has raised Rs one point seven billion (USD twenty point five million) to expand its operations in India. The funding round, led by Granite Asia, will support the upgrade of its one hundred megawatt-hour plant into a gigafactory and scale deployment of Vanadium Redox Flow Batteries.Investors include Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and existing backers like 陌nci Holding, UntroD Capital, and Wavemaker Partners.The company plans to enhance its engineering and research workforce, and roll out locally manufactured battery energy storage ..
Exide Targets Rs 200 Bn Revenue Within Three Years
Exide Industries has announced a revenue target of Rs 200 billion over the next two to three years, driven primarily by its lead-acid battery business. The company reported revenue of Rs 165.88 billion in financial year twenty twenty-five.Planned investments of Rs sixteen to seventeen billion this fiscal will support both lithium-ion cell manufacturing and existing battery operations. The upcoming lithium-ion facility, expected to be operational by financial year twenty twenty-six, has not been factored into the current revenue projection.Managing Director and Chief Executive Officer Avik Roy ..
Govt, Automakers Discuss Raising Ethanol Blend Beyond 20%
The Indian government has begun talks with automobile original equipment manufacturers (OEMs) to increase ethanol blending in petrol beyond twenty per cent, with the current E20 target set for October 2025.Major OEMs such as Tata Motors, Mahindra and Mahindra, and Maruti Suzuki have raised concerns about high investment requirements and limited consumer interest. A draft report is being prepared by officials from the petroleum, transport, and agriculture ministries for cabinet review.Industry executives said upgrading vehicles from E20 to higher blends like E40 or E45 could raise costs by two ..
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