IndianOil, EverEnviro join hands for biofuel push with 50:50 JV

17 Oct 2024 CW Team

In a significant step towards promoting sustainable energy, IndianOil has entered into a joint venture with EverEnviro Resource Management Pvt. Ltd. to boost biofuel adoption in India. The 50:50 partnership will focus on expanding the use of Compressed Biogas (CBG), a cleaner and renewable energy source derived from organic waste. The agreement was signed by Santanu Gupta, Executive Director (Alternative Energy), IndianOil, and Mahesh Girdhar, MD & CEO of EverEnviro, in the presence of senior officials from both organizations. The joint venture will work towards setting up CBG plants across the country, contributing to India鈥檚 Net Zero goals. This venture is part of IndianOil鈥檚 broader low-carbon development strategy. By integrating advanced biogas technologies, the JV aims to convert organic waste into CBG, reducing greenhouse gas emissions and providing a sustainable alternative to traditional fossil fuels. 鈥淐BG offers numerous benefits to India and the environment. It promotes energy security by reducing dependence on imported fossil fuels and supports the rural economy by creating local employment opportunities,鈥� a statement reads. The initiative aligns with IndianOil鈥檚 commitment to achieving operational net zero by 2046. The adoption of biofuels is seen as a crucial step towards meeting India's national goal of becoming net zero by 2070.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..