Category: All News

  • Shakti Pumps Invests INR 11 Crore in Subsidiary for 2.20 GW Solar Manufacturing Plant

    Shakti Pumps (India) Limited has invested ₹11 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited, to support the establishment of a greenfield solar manufacturing facility in Pithampur, Madhya Pradesh.

    The investment, made through a cash subscription to equity shares of the subsidiary, will support the development of a high-efficiency Solar DCR cell and solar PV module manufacturing plant with a planned production capacity of 2.20 GW.

    Shakti Energy Solutions, incorporated in 2010, currently operates in the manufacturing of solar structures and rooftop solutions. Its turnover increased from ₹139.59 crore in FY2023-24 to ₹216.53 crore in FY2024-25 and further to ₹239.11 crore in FY2025-26.

    The new facility is part of Shakti Pumps’ broader capacity-expansion programme. According to the company’s FY2025-26 investor presentation, the planned investment for the 2.2 GW Solar DCR cell and PV module plant is ₹1,200 crore, with commissioning of 0.5 GW of DCR module capacity expected by the end of Q1 FY2026-27.

    The company has said the solar manufacturing project will enable greater backward integration through in-house DCR cell manufacturing and provide greater control across the solar value chain.

    The ₹11 crore investment was completed on September 14, 2026. As the investment was made in a wholly owned subsidiary, it does not qualify as a related-party transaction, according to the disclosed details.

  • BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

    At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

    The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

    BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

    The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

    Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

  • BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

    At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

    The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

    BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

    The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

    Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

  • BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

    At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

    The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

    BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

    The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

    Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

  • BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

    At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

    The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

    BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

    The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

    Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

  • BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

    At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

    The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

    BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

    The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

    Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

  • BLive Launches NXT Programme to Scale EV Rental Businesses

    BLive, an electric mobility company enabling enterprises and entrepreneurs to participate in India’s transition to electric mobility, has announced the launch of BLive NXT. It is a programme that aims to empower entrepreneurs to own, operate and scale their own Electric Vehicle (EV) rental and fleet businesses, powered by BLive’s proven ecosystem of technology, expertise and operational support. Over the next three years, BLive will empower 100 entrepreneurs, deploying more than 10,000 electric vehicles and creating a nationwide network of locally owned and operated EV rental businesses.

    At its core, BLive NXT is for entrepreneurs who bring ambition, vision and the drive to build a business in the fast-growing EV sector. What sets NXT apart is its robust support model: while entrepreneurs lead the charge in their local markets, BLive supplies the engine, offering end-to-end solutions in EV procurement, Al-powered fleet management technology, charging infrastructure, training and ongoing business support. This ‘Powered by BLive’ approach allows entrepreneurs to focus on growth and customer engagement, with the confidence of an established partner behind them.

    The programme is open to aspiring business owners, professionals seeking a new path, established fleet operators and even those with no prior automotive experience. BLive NXT aims to lower the barriers for entry, making it possible for individuals from any background to participate in the EV revolution.

    BLive NXT’s comprehensive ecosystem provides entrepreneurs with access to a curated selection of leading EV brands and models, seamless onboarding and operational playbooks, and a powerful technology platform for real-time fleet tracking, rider management, payments, analytics, and servicing. Entrepreneurs also receive dedicated support for marketing, customer acquisition, and the deployment of charging infrastructure, ensuring they are equipped to thrive in a competitive, rapidly evolving market.

    The opportunity comes at a pivotal time for the EV industry. EV sales in India surpassed 2.3 million units in 2025, reflecting an eight-fold increase since 2018. As e-commerce, logistics, and last-mile delivery businesses continue to embrace electric mobility, the demand for reliable EV fleets is creating unprecedented entrepreneurial opportunities. BLive NXT is positioned to bridge this gap, nurturing local leaders who will drive adoption in cities and communities across the country.

    Sandeep Mukherjee, CEO and Co-Founder of BLive, said, “With NXT, we’re opening the doors for entrepreneurs to shape the future of electric mobility in India. Our mission is to provide the technology, expertise, and support system so that passionate individuals can build sustainable, scalable businesses, without having to reinvent the wheel. BLive NXT is about democratising access and ensuring that India’s EV transition is powered by local talent and enterprise.”

  • AM Green Named Winner of Asian Lot in H2Global Auction Funded by German Government

    AM Green Named Winner of Asian Lot in H2Global Auction Funded by German Government

    AM Green Ammonia (India) Private Limited (“AM Green”) has been selected as the sole winner of the Asian lot in the H2Global auction run by HINT.CO GmbH (“Hintco”), securing a long-term purchase agreement for the supply of Renewable Fuels of Non-Biological Origin (RFNBO) ammonia to Germany.

    The award follows a competitive bidding process in which AM Green’s offer was ranked first among the submissions received. Over a period of 10 years, Hintco will purchase ammonia from AM Green for a minimum value of EUR 585 million. Hintco may purchase additional quoted volumes from AM Green using proceeds generated from the resale of green ammonia in the European market.

    The ammonia will be produced at AM Green’s Kakinada project (Phase 2) in Andhra Pradesh, India, where the company is converting an existing natural gas-based ammonia and urea production complex into a production facility using alkaline electrolysis technology. Electricity for the process will be supplied through AM Green’s unique round-the-clock renewable power architecture backed by pumped-hydro storage, in line with EU requirements.

    First deliveries to Germany are expected in 2029, with the ammonia shipped from Kakinada Seaports, which sits directly alongside the plant.

    The agreement marks a further step in AM Green’s development of large-scale renewable ammonia production in India and positions the company as a leading exporter of green molecules to Germany and the wider European market. For H2Global, the award underlines the role of double-auction mechanisms in de-risking early-mover projects and enabling final investment decisions. Through H2Global, Germany is helping build clean industries abroad while securing a reliable supply of renewable hydrogen-based products at home.

    Timo Bollerhey, CEO of Hintco and Co-Founder of H2Global, said: “This result shows a market gaining rapid momentum. Strong bids from serious developers have demonstrated the growing maturity of renewable ammonia projects since the pilot tender. A long-term contract gives producers like AM Green the certainty to invest and secures reliable supply for European buyers. We thank every bidder and hope to see them in future rounds.”

    Markus Exenberger, Executive Director of the H2Global Foundation and Co-Founder of H2Global, said: “Repeated disruptions to fossil fuel supply chains have been felt worldwide. Renewable ammonia carries clean power across oceans to industries that cannot be fully electrified, with little or no carbon emissions. H2Global is bringing together governments and industry to build resilient global supply chains for clean energy and commodities.”

    Mahesh Kolli, Group President and JMD of AM Green, said: “We are immensely proud that AM Green has been selected as the winner of the H2Global Asian lot. This landmark achievement consolidates AM Green’s position as the supplier of choice for renewable ammonia to Germany and wider Europe, and demonstrates that optimally priced green molecules can be delivered from India at an industrial scale. Winning through a binding competitive process is a strong validation of the readiness of our platform. From Kakinada, we will deliver renewable ammonia to European and Asian customers, turning ambitious decarbonisation targets into real industrial emissions reductions. This is an important milestone for AM Green, and only the beginning of the role we intend to play in building a global market for renewable molecules.”

    Hintco will publish the full results before the end of 2026, alongside those of other H2Global tenders (African, North American, and South American and Oceanian lots). To protect the integrity of ongoing tender processes, no further details will be shared until then. Hintco thanks all bidders for their participation, and the H2Global Foundation thanks its partners and supporters.

  • AM Green Named Winner of Asian Lot in H2Global Auction Funded by German Government

    AM Green Named Winner of Asian Lot in H2Global Auction Funded by German Government

    AM Green Ammonia (India) Private Limited (“AM Green”) has been selected as the sole winner of the Asian lot in the H2Global auction run by HINT.CO GmbH (“Hintco”), securing a long-term purchase agreement for the supply of Renewable Fuels of Non-Biological Origin (RFNBO) ammonia to Germany.

    The award follows a competitive bidding process in which AM Green’s offer was ranked first among the submissions received. Over a period of 10 years, Hintco will purchase ammonia from AM Green for a minimum value of EUR 585 million. Hintco may purchase additional quoted volumes from AM Green using proceeds generated from the resale of green ammonia in the European market.

    The ammonia will be produced at AM Green’s Kakinada project (Phase 2) in Andhra Pradesh, India, where the company is converting an existing natural gas-based ammonia and urea production complex into a production facility using alkaline electrolysis technology. Electricity for the process will be supplied through AM Green’s unique round-the-clock renewable power architecture backed by pumped-hydro storage, in line with EU requirements.

    First deliveries to Germany are expected in 2029, with the ammonia shipped from Kakinada Seaports, which sits directly alongside the plant.

    The agreement marks a further step in AM Green’s development of large-scale renewable ammonia production in India and positions the company as a leading exporter of green molecules to Germany and the wider European market. For H2Global, the award underlines the role of double-auction mechanisms in de-risking early-mover projects and enabling final investment decisions. Through H2Global, Germany is helping build clean industries abroad while securing a reliable supply of renewable hydrogen-based products at home.

    Timo Bollerhey, CEO of Hintco and Co-Founder of H2Global, said: “This result shows a market gaining rapid momentum. Strong bids from serious developers have demonstrated the growing maturity of renewable ammonia projects since the pilot tender. A long-term contract gives producers like AM Green the certainty to invest and secures reliable supply for European buyers. We thank every bidder and hope to see them in future rounds.”

    Markus Exenberger, Executive Director of the H2Global Foundation and Co-Founder of H2Global, said: “Repeated disruptions to fossil fuel supply chains have been felt worldwide. Renewable ammonia carries clean power across oceans to industries that cannot be fully electrified, with little or no carbon emissions. H2Global is bringing together governments and industry to build resilient global supply chains for clean energy and commodities.”

    Mahesh Kolli, Group President and JMD of AM Green, said: “We are immensely proud that AM Green has been selected as the winner of the H2Global Asian lot. This landmark achievement consolidates AM Green’s position as the supplier of choice for renewable ammonia to Germany and wider Europe, and demonstrates that optimally priced green molecules can be delivered from India at an industrial scale. Winning through a binding competitive process is a strong validation of the readiness of our platform. From Kakinada, we will deliver renewable ammonia to European and Asian customers, turning ambitious decarbonisation targets into real industrial emissions reductions. This is an important milestone for AM Green, and only the beginning of the role we intend to play in building a global market for renewable molecules.”

    Hintco will publish the full results before the end of 2026, alongside those of other H2Global tenders (African, North American, and South American and Oceanian lots). To protect the integrity of ongoing tender processes, no further details will be shared until then. Hintco thanks all bidders for their participation, and the H2Global Foundation thanks its partners and supporters.

  • AM Green Named Winner of Asian Lot in H2Global Auction Funded by German Government

    AM Green Named Winner of Asian Lot in H2Global Auction Funded by German Government

    AM Green Ammonia (India) Private Limited (“AM Green”) has been selected as the sole winner of the Asian lot in the H2Global auction run by HINT.CO GmbH (“Hintco”), securing a long-term purchase agreement for the supply of Renewable Fuels of Non-Biological Origin (RFNBO) ammonia to Germany. The award follows a competitive bidding process in which AM Green’s offer was ranked first among the submissions received. Over a period of 10 years, Hintco will purchase ammonia from AM Green for a minimum value of EUR 585 million. Hintco may purchase additional quoted volumes from AM Green using proceeds generated from the resale of green ammonia in the European market.

    The ammonia will be produced at AM Green’s Kakinada project (Phase 2) in Andhra Pradesh, India, where the company is converting an existing natural gas-based ammonia and urea production complex into a production facility using alkaline electrolysis technology. Electricity for the process will be supplied through AM Green’s unique round-the-clock renewable power architecture backed by pumped-hydro storage, in line with EU requirements.

    First deliveries to Germany are expected in 2029, with the ammonia shipped from Kakinada Seaports, which sits directly alongside the plant.

    The agreement marks a further step in AM Green’s development of large-scale renewable ammonia production in India and positions the company as a leading exporter of green molecules to Germany and the wider European market. For H2Global, the award underlines the role of double-auction mechanisms in de-risking early-mover projects and enabling final investment decisions. Through H2Global, Germany is helping build clean industries abroad while securing a reliable supply of renewable hydrogen-based products at home.

    Timo Bollerhey, CEO of Hintco and Co-Founder of H2Global, said: “This result shows a market gaining rapid momentum. Strong bids from serious developers have demonstrated the growing maturity of renewable ammonia projects since the pilot tender. A long-term contract gives producers like AM Green the certainty to invest and secures reliable supply for European buyers. We thank every bidder and hope to see them in future rounds.”

    Markus Exenberger, Executive Director of the H2Global Foundation and Co-Founder of H2Global, said: “Repeated disruptions to fossil fuel supply chains have been felt worldwide. Renewable ammonia carries clean power across oceans to industries that cannot be fully electrified, with little or no carbon emissions. H2Global is bringing together governments and industry to build resilient global supply chains for clean energy and commodities.”

    Mahesh Kolli, Group President, and JMD of AM Green, said: “We are immensely proud that AM Green has been selected as the winner of the H2Global Asian lot. This landmark achievement consolidates AM Green’s position as the supplier of choice for renewable ammonia to Germany and wider Europe, and demonstrates that optimally priced green molecules can be delivered from India at an industrial scale. Winning through a binding competitive process is a strong validation of the readiness of our platform. From Kakinada, we will deliver renewable ammonia to European and Asian customers, turning ambitious decarbonisation targets into real industrial emissions reductions. This is an important milestone for AM Green, and only the beginning of the role we intend to play in building a global market for renewable molecules.”

    Hintco will publish the full results before the end of 2026, alongside those of other H2Global tenders (African, North American, and South American and Oceanian lots). To protect the integrity of ongoing tender processes, no further details will be shared until then. Hintco thanks all bidders for their participation, and the H2Global Foundation thanks its partners and supporters.