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Agrotech, Biofuel industry, Environment, India, Sugar industry, Sustainability

India is currently chairing the CEM along with G-20 and will soon be launching the historic Global Biofuels Alliance officially

Indian Sugar Mills Association (ISMA) has joined the BioFuture Campaign, a global initiative launched by the Clean Energy Ministerial (CEM) to promote sustainable bioenergy development and deployment in India. India is currently chairing the CEM along with G-20 and will soon be launching the historic Global Biofuels Alliance officially through the platform.

As the premier sugar organisation in India, ISMA serves as the primary interface between the government and private sugar mills in the country. The association has been at the forefront of India’s national ethanol blending program, which aims to reduce the country’s dependence on fossil fuels and promote the use of sustainable biofuels. Due to the efforts of the industry, India has been able to reach 10 per cent blending in record time and will be crossing 20 per cent by 2025.

ISMA’s commitment towards sustainability and the sugar industry’s phenomenal contribution to India’s biofuel program has already become a globally acknowledged success story. With the tremendous potential for sugarcane to produce bioenergy, the industry has become the forerunner in implementing India’s energy transition to a cleaner future. ISMA remains committed to lowering India’s carbon footprint and is already expanding the sugar energy matrix to include ethanol, Compressed Bio Gas (CBG), Green Hydrogen, and Green Methanol.

India is currently chairing the CEM along

India, Interaction, Sustainable Energy

Focal Theme: “Science & Technology: Development with Women Empowerment”

The Indian Science Congress (ISC), being held from 3rd to 7th January 2022 at Nagpur would focus on scientific development in India under a feminine veil keeping in view the women empowerment and socio-political changing scenario.

The Theme of 108th Indian Science Congress therefore has been aptly chosen as “SCIENCE AND TECHNOLOGY for SUSTAINABLE DEVELOPMENT with WOMEN EMPOWERMENT”.

The forthcoming ISC has been designed to celebrate the spirit of womanhood and their remarkable contribution in the field of Science and Technology. In sync with their natural gift to generate, women have stood out as a true harbinger and have led the foundation of a number of innovative and niche developments and discoveries. The Congress aims to address all the key issues that are obstacles to the growth of Women in the fields of Science & Technology.

As per the precedence, Prime Minister of India Narendra Modi would inaugurate the 108th Indian Science Congress on 3rd January 2023. Eminent scientists, industry leaders, technocrats, policy makers and academicians would grace the occasion.

Rashtrasant Tukadoji Maharaj Nagpur University (RTMNU), one of the premier educational institutions of central India, established in 1923 & hence celebrating centennial year of establishment, will be playing the role of the ‘host university’ for ISC.

A key highlight of the event is the Pride of India (PoI)-Mega Science Exhibition that has emerged as a unique platform for organisations from both public and prvicate sectors to showcase their achievements in science and technology.

Vigyan Jyot (Flame of Knowledge) remains lit at the venue of the Indian Science Congress PoI Expo for the duration of the Congress. Lakhs of students, dignitaries and general public visit Vigyan Jyot every year and take an oath to spread the awareness of science.

A dedicated pavilion called the Hall of Pride will portray the life journey of unique personalities who have created indelible mark not just in India but globally in the field of science and technology.

Established in 1914, Indian Science Congress Association (ISCA) is the premier Indian Science Community organisation. For the last 107 years, ISCA has been bringing together has been bringing together the entire scientific fraternity to discuss the key issues related to various streams of science.

Thrust Areas:

Defence  Nanotechnology  Agriculture  Biodiversity  Biotechnology  Environmental Science  Bio energy  Renewable Energy  Medical Sciences  Climate change  Electronic Sector  Space Science & Technology  ICT  Transportation  Child health care  Water Management  Technologies for physically challenged  Science education for women  Skill development  Startup  Innovation

Focal Theme: “Science & Technology: Development with

Biofuel industry, Company News, Finance, India

Income from operations stood at Rs 876.58 crore in Q2 FY23

Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Energy transition has announced its unaudited financial results for the quarter ended Sept 30, 2022.

Performance Review for Q2 FY23 – Consolidated:

• Income from operations stood at Rs 876.58 crore (Q1 FY23: Rs 729.87 crore; Q2 FY22: Rs. 532.41

crore)

• PBT is at Rs 65.78 crore for the period (Q1 FY23: Rs 54.23crore; Q2 FY22: Rs 46.77 crore)

• PAT is at Rs 48.13 crore (Q1 FY23: Rs 41.26 crore; Q2 FY22: Rs 33.34)

• Order intake during the quarter Rs. 981 crores (Q1 FY23: Rs. 1094 crore; Q2 FY22: Rs. 745 crore)

Performance Review for H1 FY23 – Consolidated:

• Income from operations stood at Rs. 1606.45 crore (H1 FY22: Rs. 918.67 crore)

• PBT is at Rs. 120.01 crore for the period (H1 FY22: Rs. 76.57 crore)

• PAT is at Rs. 89.39 crore (H1 FY22: Rs 55.54 crore)

• Order intake Rs.2075 crore (H1 FY22: Rs 1406 crore)

Commenting on the company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “Our results for the quarter are reflective of continually building favourable business environment. Global economy continued to face headwinds in form of geopolitical situation, high inflation, continued uncertainty and volatility on energy front in several parts of the world. Energy transition is creating several new opportunities for sustainable fuels and we are confident of leveraging them and deliver to our potential”.

Income from operations stood at Rs 876.58

Agrotech, Biofuel industry, Company News, Finance

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)

Pune based Praj Industries (Praj), a globally leading process engineering company with a bouquet of sustainable solutions for Bioenergy, Cleantech and Greentech industry announced its unaudited financial results for the quarter ended June 30, 2022

Performance Review for Q1 FY23 ‐ Consolidated:

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore)

PBT is at Rs. 54.23 crore for the period (Q1 FY22: Rs. 29.80 crore; Q4 FY22: Rs. 78.05 crore)

PAT is at Rs. 41.26 crore (Q1 FY22: Rs. 22.20 crore; Q4 FY22: Rs. 57.65)

Order intake during the quarter Rs. 1094 crore (Q1 FY22: Rs. 661 crores; Q4 FY22: Rs. 1101.5 crore)

Commenting on the Company’s performance, Shishir Joshipura, CEO & MD, Praj Industries said, “We have started FY  23 on a strong note with positive developments on order book and delivery volumes. However, challenges around volatile commodity prices, impact of war in Europe and rising global inflation continued. With commodity prices & supply chains stabilizing and increased focus on sustainable energy transition, business environment is expected to be conducive going forward.”

Key Developments:

1.Praj was conferred with the prestigious Fortune India THE NEXT  500 in the Engineering sector. Fortune India Next 500 is a ranking of the top five hundred midsize corporations in India compiled based on the latest sales and gross revenue figures. This award is a recognition of the remarkable growth and outstanding performance among the most promising mid‐sized companies in India.

2.Praj was bestowed with prestigious Golden Peacock Award in the Innovative Product and Service category for its ground‐breaking product BIOSYRUP®.  BIOSYRUP® makes it possible to store sugarcane juice in form of syrup for up to 12 months without any contamination or loss of sugar.

3. Praj joined Mission Possible Partnership (MPP), International Alliance to Pursuit Net Zero Aviation.

Income from operations stood at Rs 729.87

Finance, Sustainability

The latest round of funding will be used towards R&D and to support GPS Renewables’ next phase of growth and expansion

GPS Renewables, a Bengaluru-based bioenergy technology firm, has closed its Series B funding from Neev Fund II, managed by SBICap Ventures. The latest round of funding will be used towards R&D and to support GPS Renewables’ next phase of growth and expansion. 

With the current round, GPS has cumulatively raised close to $20 million in the form of equity. The earlier round was led by Netherlands based Hivos-Triodos Fund and Hyderabad-based Caspian Impact Investments in September 2020.

GPS Renewables started off with a captive bio gas product called the ‘BioUrja’. The Company has successfully expanded its capacity by over 5000x over the last couple of years, thereby positioning itself as the go-to project integrator in the bio energy space, covering BioCNG, Bioethanol and Green Hydrogen.

GPS Renewables has recently commissioned Asia’s largest BioCNG plant based on SSO (Source Separated Organics) in Indore, Madhya Pradesh, which was inaugurated by Prime Minister Narendra Modi. Setup over 15 acres of land, this bio-gas plant is expected to produce 17 tonnes of BioCNG every day from 550 tonnes of organic household waste. Nearly 400 city buses in Indore will soon run on the BioCNG generated from this bio gas plant. The company is in the process of setting up the world’s largest BioCNG plant in Hyderabad in association with project development partners from Japan.

Commenting on the investment, Mainak Chakraborty, Co-founder and CEO of GPS Renewables, said, “Untreated organic waste streams, ranging from urban waste to paddy straw, are one of the biggest contributors to global warming and it poses serious health concerns for the current and future generations alike. Climate positive solutions to these problems are the need of the hour, and that’s where GPS’ bio-energy solutions suite comes in. We are excited to partner with Neev II as we further strengthen our mission towards making the world cleaner and more sustainable. This partnership will help accelerate our growth while capitalising on the organic feed-stock to bio-energy market.”

The latest round of funding will be