Juno Joule Green Energy, Germany's Select Energy to invest Rs 10,000 crore in green hydrogen, ammonia facility in AP
Juno Joule Green Energy, Germany's Select Energy to invest Rs 10,000 crore in green hydrogen, ammonia facility in AP
HYDERABAD: Vijayawada-based renewable energy player Juno Joule Green Energy Pvt Ltd has inked a memorandum of understanding (MoU) with German clean energy company Select Energy GmbH to co-develop an export-oriented green hydrogen and ammonia facility in Andhra Pradesh at an investment of US$1.3 billion (approx.
Rs 10,000 crore).
The project, which will come up near Mulapeta port along the country's east coast, will be developed in three phases and aims to produce around 180 KTPA (kilo tonnes per annum) of green hydrogen by 2029, which will be converted into up to one million tons of green ammonia annually for export.
Construction on the project, which will be built to meet stringent EU RFNBO (EU Renewable Fuels of Non-Biological Origin) norms, is expected to commence in 2026.
The project is expected to generate around 5000 to 6,000 direct and indirect jobs across operations, construction, logistics, and support sectors.
It will also lead to technology transfer, upskilling of local talent, and the emergence of AP and Telangana region as a clean energy hub on the global map, the company said.
The facility will include an advanced desalination plant to sustainably source high-purity water from seawater, electrolysers powered by a diversified mix of solar, wind, and hydropower, and port-connected pipeline infrastructure for efficient large-scale exports.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
local network access control
Esseps
Learn More
Undo
The project will also integrate cutting-edge technologies from global leaders such as Thyssenkrupp Nucera and KBR Inc and will be supported by international logistics collaborations with partners in Germany and the Netherlands.
This strategic move is set to unlock substantial industrial and economic opportunities for both Andhra Pradesh and Telangana, reinforcing the region's emergence as a key player in India's clean energy future.
The MoU was signed by Juno Joule Green Energy CEO Nagasharath Rayapati and Select New Energies GmbH managing director Felix Danger at the World Hydrogen Summit 2025 in Rotterdam, Netherlands.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
19 minutes ago
- Business Standard
P&G Hygiene appoints Gaurav Bhartia as CFO
Procter & Gamble Hygiene and Health Care said that its board has approved the appointment of Gaurav Bhartia as chief financial officer (CFO) with effect from 1 July 2025. Mrinalini Srinivasan has tendered her resignation as the chief financial officer of the company effective from closure of business hours of June 30, 2025, as she will be leaving P&G to pursue other interests outside the company. Gaurav Bhartia holds a B. Tech. degree from National Institute of Technology, Trichy. After a successful internship stint with P&G, he joined P&G full time in 2014 as a graduate from IIM Bangalore. Gaurav Bhartia currently leads Sales Finance for P&G India. He has a diverse experience spanning over a decade with P&G, across multiple categories and markets, leading transformational projects and delivering outstanding results for several important P&G businesses. In his past assignments, Bhartia has had significant contribution towards driving business growth and improving structural margins & profitability, while navigating macro-economic uncertainties. He is passionate about coaching and invests time building capability for finance and broader multi-functional teams. He is a mentor to many in the organization and fosters a culture of performance and collaboration for sustained excellence. Procter & Gamble Hygiene and Health Care engaged in the manufacturing and selling of branded packaged fast moving consumer goods in the femcare and healthcare businesses. Its portfolio includes Whisper India's leading Feminine Hygiene brand, and VICKS India's No. 1 Health Care brand and Old Spice. The companys standalone net profit increased 1.12% to Rs 156.10 crore on 0.9% fall in revenue from operations to Rs 989.13 crore in Q4 FY25 over Q4 FY24. The counter shed 0.25% to Rs 13,392.35 on the BSE.
Time of India
28 minutes ago
- Time of India
‘Yogi ji gave me biscuit, chocolate': UP CM Yogi Adityanath helps young girl enroll in school during Janta Darshan — watch
LUCKNOW: Uttar Pradesh chief minister Yogi Adityanath held a 'Janta Darshan' in Lucknow on Monday, where he met a young girl named Vashi who requested help with school admission. During the interaction, the CM asked her which school she wished to join and the class she wanted to enrol in. He then directed officials to ensure her admission to the school of her choice. Vashi, who met CM Yogi Adityanath, narrated the entire interaction and said, "I met Yogi ji. I asked him to enrol me in a school. He said he would do it." "I have come from Moradabad. He gave me a biscuit and chocolate", Vashi added further. Since becoming the chief minister of Uttar Pradesh, Yogi Adityanath has regularly conducted 'Janta Darshan' events to listen to and address public grievances. — ANI (@ANI) Earlier, the CM inaugurated the 91.35-km-long Gorakhpur Link Expressway, constructed at a cost of Rs 7,283 crore. The expressway connects several districts, including Azamgarh, to Gorakhpur. Highlighting the state's development, Yogi Adityanath said that the new Uttar Pradesh is carving out a new identity as the "Expressway State" in a new India. "The new Uttar Pradesh of the new India is making its new identity as the 'express-way state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo "The inauguration of the 91.35 km long Gorakhpur Link Expressway is a historic moment for eastern Uttar Pradesh. Under the able leadership of Prime Minister Narendra Modi, Uttar Pradesh is taking new heights of development, confidence and glory with the largest expressway network in the country," said CM Yogi. Criticising the previous state government, Yogi Adityanath that the Agra-Lucknow Expressway was only half completed under their tenure. In contrast, he highlighted that during his government's tenure, projects related to six expressways in Uttar Pradesh have been successfully completed. "The work on the Agra Lucknow Expressway was half done. Today, I am happy to tell you that we have completed six projects. You are witnessing the journey of the Purvanchal Expressway. We have been continuously building it since 2021. In 2022, the Bundelkhand Expressway was started. It is 300 km long. The 340 km long Purvanchal Expressway has already been completed, and its connectivity to Patna is about to be completed. Now remember how easy the connectivity from Patna to Lucknow and Lucknow to Delhi will become", CM Yogi said. He stated that the 340 km-long Purvanchal Expressway is set to extend its connectivity to Patna. Referring to freedom fighter Veer Kunwar Singh, he remarked that had the Purvanchal Expressway existed in 1857, India might have achieved independence back then. "When Veer Kunwar Singh, the hero of the first war of independence in 1857, fought the British till Azamgarh to defeat them, there was no connectivity. If this Purvanchal Expressway had been there at that time, the people of Azamgarh would have beaten the British along with Veer Kunwar Singh, and then this country would have become independent in 1857 itself. There was no connectivity at that time", he added.
India Gazette
32 minutes ago
- India Gazette
Domestic defence manufacturing reduced dependency on India's global imports from 11% to 4% over past 14 years: Report
New Delhi [India], June 23 (ANI): Traditionally heavily reliant on foreign suppliers for defence equipment, India has significantly reduced its dependence on defence imports over the last 14 years, marking a major shift in its defence strategy and policy. According to a report by Kotak Mutual Fund, India, which in 2010 was the largest importer of defence equipment, slipped to fourth place in 2024. In 2010, India accounted for 11 per cent of the world's total defence imports, making it the top importer globally. Pakistan, with 9 per cent, Australia, at 6 per cent, and South Korea, at 5 per cent, followed suit. Countries like Saudi Arabia, the United States, Singapore, and China each had a 4 per cent share, while Algeria and Portugal accounted for 3 per cent each. The remaining 47 per cent was shared among other countries. The report stated that this decline is the result of India's focus on indigenisation and strengthening domestic defence manufacturing. As per the 2024 data, Ukraine has become the world's largest importer of defence equipment accounting for 18 per cent of the global imports. This sharp rise has been attributed to to the ongoing Russia-Ukraine war, which has pushed Ukraine's demand for military equipment. Poland has emerged as the second-largest importer, with a 5 per cent share of global imports, followed by the United States in third place, with a 4 per cent share. India now shares the fourth position along with Qatar, Saudi Arabia, South Korea, and Australia, each holding a 4 per cent share of global imports. Other countries, like Japan and Pakistan, each account for 3 per cent of the global imports. The 'Others' category, which includes all remaining nations, remained unchanged at 47 per cent in both 2010 and 2024. This major change highlighted India's defence manufacturing progress and reduced dependency on foreign arms. The Kotak report also noted that the government's push for domestic defence production has helped reduce imports and improved defence exports. India's defence exports have seen strong growth in recent years, registering a compound annual growth rate (CAGR) of 41 per cent since 2017. The exports have increased from Rs 15 billion in 2017 to Rs 236 billion in 2024. The report concluded that India's defence sector is becoming more self-reliant, contributing to both national security and economic growth. (ANI)
