Latest news with #Kutch-based
Time of India
12 hours ago
- Business
- Time of India
Adani commissions India's first off-grid 5 MW green hydrogen plant in Gujarat
The Adani Group has announced the successful commissioning of India's first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat. Developed by Adani New Industries Limited (ANIL), the clean energy arm of Adani Enterprises Ltd. , the plant represents a significant advancement in the country's pursuit of clean and self-reliant energy solutions. An off-grid green hydrogen plant generates hydrogen through electrolysis powered solely by renewable energy—such as solar or wind—without any connection to the conventional power grid. This means the plant operates independently, relying fully on its own renewable energy infrastructure. Describing the development as a key milestone supporting India's National Green Hydrogen Mission, the Adani Group said the project establishes technical feasibility and sets new standards for off-grid, renewable-powered applications of green hydrogen in high-emission sectors. "The state-of-the-art plant is 100 per cent green-powered by solar energy and integrated with a Battery Energy Storage System (BESS), enabling it to operate completely off-grid. This represents a new paradigm in decentralised, renewable-powered hydrogen production," the company said in a statement. Hydrogen, the most abundant element in the universe, is also one of the cleanest fuels—emitting only water vapour when used. Its environmental impact varies based on production methods. Hydrogen made from fossil fuels is classified as grey, while green hydrogen is produced using electricity from renewable sources to split water molecules into hydrogen and oxygen. Live Events ANIL is building an end-to-end ecosystem for large-scale green hydrogen production and its derivatives. This includes green ammonia, green methanol, sustainable aviation fuel, as well as the manufacturing of solar cells, ingots and wafers, solar modules, wind turbine generators, and electrolysers at its facility in Mundra, Gujarat, aimed at meeting both domestic and global demand. The Kutch-based pilot facility is also India's first of its kind to feature a fully automated, closed-loop electrolyser system that adjusts dynamically to real-time renewable energy inputs. This allows for enhanced operational flexibility to address the inherent variability in solar power generation while ensuring safety, efficiency, and high performance. "This breakthrough reinforces the Adani Group's commitment to innovation, sustainability, and leadership in the emerging green hydrogen economy . It supports India's ambition to become a global hub for green hydrogen production and sets a benchmark for renewable-powered industrial applications across hard-to-abate sectors," the statement added. The pilot plant also acts as a proof of concept for ANIL's upcoming Green Hydrogen Hub in Mundra—an ambitious project expected to significantly contribute to India's low-carbon transition. Green hydrogen is seen as a critical tool for decarbonising challenging sectors such as fertilisers, oil refining, and heavy transport, and plays a central role in achieving global net-zero targets.
Business Standard
03-06-2025
- Business
- Business Standard
Accuracy Shipping Ltd Reports Robust FY25 Performance; Net Profit Rises 9 folds to Rs. 4.65 Cr, Revenue Grows 34% Y-o-Y to Rs. 947.1 Cr
VMPL Gujarat [India], June 3: Accuracy Shipping Limited (NSE: ACCURACY), a fast-growing player in the integrated logistics space, today announced its audited consolidated financial results for Q4 FY25 and FY25 for the financial year that ended March 31, 2025 (FY25). The Kutch based company has delivered strong topline and bottom-line performance, reflecting a sustained demand and optimized operational efficiencies across its services. Highlights * Kutch-based logistics company reports consolidated net profit of Rs. 4.65 crore in FY25 * Revenue from operations for FY25 stands at Rs. 947.1 crore, a 33.59% Y-o-Y growth * Q4FY25 Revenue at Rs. 236.78 crore; quarterly net profit at Rs. 0.77 crore * Company recently entered partnership with MatchLog Solutions to better operational efficiency and sustainability by reducing carbon emissions Key Highlights (Consolidated Financials): (in crores) During FY25, the company posted consolidated revenues of Rs. 947.1 crore, a 33.59% increase from Rs. 708.96 crore in FY24. Net profit rose sharply by 949% to Rs. 4.65 crore from Rs. 49 lakhs in FY 24. The company also registered 8% return on capital employed, a rise from 5% in FY24. Earnings Per Share (EPS) for FY25 is 0.31 compared to 0.03 EPS in FY 24. This shows continued growth momentum despite typical year-end seasonality in shipping and logistics. For Q4FY25, Accuracy Shipping recorded consolidated revenues of Rs. 236.78 crore, a 38.24% growth compared to Rs 171.3 crores in Q4 FY24. Rs. 0.77 crore Net Profit was reported for Q4 FY25 compared to Rs 9.1 crore in Q4 FY24. Mr Vinay Tripathi, Chairman & Managing Director of Accuracy Shipping Ltd, said, "FY25 has been a strong year of growth and transformation for us. The consistent financial performance reflects our commitment to operational excellence, customer-centric solutions, and technology-led logistics. One of the key highlights this year has been our partnership with MatchLog Solutions, which marks a strategic step toward building a greener and more intelligent logistics ecosystem. As we look ahead, we are focused on expanding our digital capabilities, deepening industry partnerships, and driving sustainability through smarter supply chain solutions that benefit both our customers and the environment." Accuracy Shipping Limited has partnered with MatchLog Solutions to implement a greener logistics initiative. This initiative aims to optimize container reuse across key EXIM trade corridors in India. The collaboration is expected to enhance operational efficiency and sustainability by reducing carbon emissions, minimizing empty container movements, and improving overall resource utilization. As part of this initiative, Accuracy Shipping Limited will utilize its logistics infrastructure, customs clearance capabilities, and pan-India operational footprint in conjunction with MatchLog's AI-driven triangulation engine. This will enable real-time reuse of import containers for export requirements, leading to a reduction in unnecessary empty container movements, idle driver hours, and fuel consumption, thereby contributing to India's climate and sustainability goals. This collaboration aims to redefine how India's container logistics sector functions, moving towards a more agile, efficient, and environmentally conscious future. About Accuracy Shipping Limited Established in 2008 and headquartered in Anjar, Kutch, Gujarat, Accuracy Shipping Limited (ASL) is a leading provider of end-to-end logistics solutions, offering a range of customized services, including transportation, freight forwarding, clearing and forwarding services, customs clearance, warehousing, and value-added services. ASL operates 14 offices across India and has 72 agency agreements worldwide. The company also boasts a fleet of 400+ Operational trucks, 180,000 sq. ft. of warehouse space, and 600,000 sq. ft. of storage facilities for container handling. ASL's commitment to excellence is embodied in its tagline, "Perfection is an Attitude." (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
