GAIL Signs MoU with AM Green for Renewable Energy Projects

Key Takeaways from GAIL’s MoU with AM Green:

• On October 4, GAIL (India) Limited and AM Green B.V. signed an MoU to develop renewable energy and green chemical projects in India.  
• The partnership focuses on establishing a long-term supply of carbon dioxide (CO2) for producing eMethanol.  
• The companies plan to supply approximately 350 KTA of CO2 from GAIL's gas processing plants for eMethanol production, a fuel that reduces carbon emissions.  
• They also aim to develop solar and wind hybrid projects that can generate up to 2.5 GW of power to support the eMethanol initiative.  

The companies plan to study the supply of around 350 kilotons of CO2 from GAIL's gas processing plants to create eMethanol, an eco-friendly fuel that can help reduce carbon emissions. They also aim to set up solar and wind hybrid projects capable of generating up to 2.5 GW of power, which will support the proposed eMethanol project.

Speaking on the occasion, Shri Rajeev Singhal, Director (Business Development), GAIL said “Development of renewable energy projects will support reducing carbon footprint of the country and advancing India's transition to a greener energy landscape. The partnership between GAIL and AMG is set to augment technological innovation in India while also promoting economic growth and environmental sustainability.”

About GAIL India Limited:

GAIL (India) Limited is a leading public sector enterprise in India focused on the transmission and distribution of natural gas. As a Maharatna company, it operates extensive gas pipelines, processing plants, and petrochemical facilities, along with interests in upstream oil and gas projects and LNG regasification terminals. GAIL is committed to enhancing the country's energy infrastructure and fostering sustainable development through initiatives in natural gas, petrochemicals, and renewable energy. For more details, visit www.gailonline.com.

About AMG: 

AMG is a subsidiary of the AM Green Group, founded by the creators of Greenko. The company specializes in ammonia production facilities that will be entirely powered by renewable energy sources, including solar, wind, and hydroelectric power. The ammonia produced will comply with EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) as outlined in the Renewable Energy Directive (RED III). AMG's facility in Kakinada has already received pre-certification for RFNBO compliance, with other facilities currently undergoing the same process.

Key Takeaways from BLS Internationals Acquisition of Citizenship Invest:

• BLS International Services Limited completed the acquisition of a 100% stake in Dubai-based Citizenship Invest for USD 31 million.
• The deal was conducted through BLS’s arm, BLS International FZE at a value of USD 31 Mln.
•  The acquisition strengthens BLS's offerings in visa and consular services, particularly in long-term citizenship and residency solutions, while aiming to expand its global presence.

The deal, conducted through BLS’s wholly-owned subsidiary, BLS International FZE, was valued at USD 31 million (approximately Rs 260 crore) and was fully funded through internal resources.

This acquisition is expected to enhance BLS’s portfolio in visa and consular services, particularly in long-term citizenship and residency solutions. 

Commenting on the acquisition, Shikhar Aggarwal, Joint Managing Director of BLS International Services Limited, said "Leveraging BLS’s global network spanning 66+ countries, we plan to accelerate CitizenshipInvest’s growth by focusing on regions with a high concentration of HNWIs. This strategy will enable us to tap into new markets, enhance Citizenship Invest’s global footprint, andpositionBLS as a comprehensive solution provider for visa, consular, citizenship, and residency services."

About BLS International Services Limited:

BLS International Services Ltd. is a reputable global tech-enabled service provider, recognized for its excellence in visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company has earned accolades such as “India’s Most Valuable Companies” from Business Today, “Best under a Billion” from Forbes Asia, and a spot in “Fortune India’s Next 500.” Collaborating with over 46 client governments, including diplomatic missions and embassies, BLS employs advanced technology and secure processes. With a vast network of over 50,000 centers worldwide and more than 60,000+  employees and associates, BLS has processed over 232 million applications to date and is certified for various quality standards.

Key Takeaways from the Announcement

• TARC Limited achieved ₹1,012 crore in presales for Q2 FY2025, a 900% year-on-year growth.
• The company successfully launched TARC Ishva, a luxury development in Gurugram
• The company remains focused on expanding its portfolio in high-demand areas and plans future luxury real estate launches.

In the first half of FY2025, TARC Limited reported total presales of ₹1,322 crore, reflecting an extraordinary year-on-year growth of 600%. This significant achievement highlights the company's strategic positioning and commitment to delivering high-quality developments in the luxury segment.

In Q2 FY2025, TARC Limited launched TARC Ishva, a luxury development in Sector 63A, Gurugram, located on the extended Golf Course Road. This launch reaffirms TARC's commitment to providing elegant living spaces and strengthens its position as a leader in the luxury real estate market. Additionally, TARC successfully refinanced ₹1,000 crore of debt at a competitive 12.75% interest rate, enhancing its financial flexibility and capacity to invest in future projects. These achievements highlight the company's robust financial management and dedication to delivering high-quality developments.

With strong presale performance and effective management of financial obligations, TARC Limited is well-equipped to navigate the evolving market landscape. The company remains focused on delivering high-quality developments that meet customer needs while maximising value for stakeholders. Additionally, TARC is committed to expanding its portfolio in high-demand areas of Delhi and Gurugram and is preparing for exciting new launches in the near future.

Amar Sarin, MD & CEO of TARC Limited, expressed enthusiasm about the company’s performance and the positive response to TARC Ishva. He noted that TARC has established itself as a strong luxury residential brand, as evidenced by presales and positive feedback for developments such as Tripundra, Kailasa, and Ishva. Sarin also acknowledged Bain Capital for their support and looks forward to future collaborations with new financial partners.

This strong operational performance positions TARC Limited favourably in the competitive luxury real estate market as it continues to deliver exceptional value to its customers and stakeholders.

About TARC Limited

TARC Limited (NSE: TARC, BSE: 543249) is a leading luxury real estate developer based in New Delhi. Focused on creating high-quality residential projects in New Delhi and Gurugram, the company is known for delivering exceptional living experiences. TARC is dedicated to redefining urban living with top-tier developments that blend luxury, quality, and innovation. With a strong portfolio of prime land and strategic financial partnerships, TARC continues to strengthen its position as a key player in the luxury real estate sector.

Key Takeaways from the Order Win

• Marine Electricals (India) Limited has secured orders worth approximately ₹6.25 crores for electrical equipment projects in Pune and Hyderabad.
• The contracts include the supply, installation, testing, and commissioning (SITC) of an HT Panel for Nxtra Data Limited in Pune and Busducts for Pokarna Engineered Stone Limited in Hyderabad.
• Both contracts are set for delivery over a period of six months and do not involve any related party transactions.

Marine Electricals (India) Limited has secured two key orders, cumulative to approximately Rs 6.25 crore. The first one is from Nxtra Data Limited for the SITC of an HT Panel for the Pune Project as per the six-month delivery schedule order. The second one is from Pokarna Engineered Stone Limited also, for the SITC of Busducts on the Hyderabad Project that must be delivered in six months.

As part of its commitment towards good corporate governance, Marine Electricals is bringing out this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is focusing on maintaining openness with stakeholders about significant business developments.

About Marine Electricals (India) Limited

Marine Electricals (India) Limited is a leading provider of electrical automation and ICT solutions, and one of India's largest LV and MV switchgear manufacturers. The company holds a 50% market share in the electrical segment and is a Tier-1 supplier to the Indian Navy and global shipyards.