OCTOBER 20238STERLITE POWER SECURES ORDERS WORTH RS 1,300 CRORE IN APRIL-JUNE FY24Sterlite Power, a provider of power transmission systems, received orders in the June quarter of this fiscal year totaling Rs 1,300 crore. According to a corporate release, the new orders obtained on both local and foreign markets were added to the business's overall order book of Rs 5,200 crore from the prior fiscal year. According to the corporation, it received orders for its Global Goods & Services division, which offers specialized Engineering, Procurement and Construction (EPC) services as well as high-performance, green goods. With the help of these orders, the corporation is able to solidify its position across borders in places like the Middle East, Africa, the European Union, and the Americas. "Our strong order book is a testament to the confidence that our customers have in our capabilities and expertise. We expect a robust order booking for all our products in Q2 as well", Manish Agarwal, CEO, Global Products & Services, said in the statement. INDIA'S FIRST BAMBOO-BASED BIOREFINERY WILL BEGIN OPERATING IN MARCHNumaligarh Refinery Ltd., a subsidiary of oil explorer Oil India, ethanol production will begin at the company's biorefinery in the northeastern state of Assam in March. India, the third-largest consumer and importer of crude oil, is attempting to lower its crude oil usage by converting to environmentally friendly substitutes like biofuels. By 2025, the nation wants to increase the percentage of ethanol in petrol to 20 percent.The Assam biorefinery is the first in India to employ bamboo as a feedstock and is planned to annually generate 50,000 tonnes of ethanol, 16,000 tonnes of furfural, and 11,000 tonnes of acetic acid. It cost NRL and its Finnish partners Chempolis and Fortum 40 billion rupees.Furfural is used to bind materials like glue. The northeastern part of India has a thriving bamboo farming industry. NRL owns a 50 percent interest in the venture. Due to the closure of the local paper mills, there are no clients for bamboo in the area. So there is a lot of bamboo accessible, Phukan remarked during a business gathering.Additionally, he stated that after satisfying domestic demand, the company would obtain the required certificates to enable it to export furfural to the European markets. We are exploring smaller size projects in Mizoram and Meghalya, there is a steep scope for cost optimisation in future refineries he said, declining to provide a timetable for the prospective projects. TOP STORIES
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