Tag: sustainability
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ABREL Announces ITC’s Acquisition of Century Pulp & Paper Business for Rs 3,498 Crore
Industry analysts view ITC’s acquisition of Century Pulp & Paper as a strategic move to expand its sustainable packaging solutions and strengthen its leadership in the Indian paper industry. This deal enhances ITC’s supply chain efficiencies and positions it for long-term market growth.
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SPML Infra Enters Battery Energy Storage System Business
The Board of SPML Infra has approved its strategic expansion into Battery Energy Storage Systems (BESS), marking a major step toward a sustainable energy future. With India’s growing focus on renewable energy and grid stability, BESS will play a crucial role in energy efficiency, reducing carbon footprints, and enabling uninterrupted power supply.
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Tata Power Gains 2.31% on Q3 FY25 Results, Reports 8% YoY Growth in PAT to Rs 1,030 Cr
Tata Power’s Q3 FY25 results show an 8% YoY growth in net profit, driven by strong performances in renewable energy, solar manufacturing, and distribution. The company continues to lead India’s clean energy transition, with plans to expand its capacity and further strengthen its position in the sector.
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IIFL Home Finance Secures $100 Million Funding from IFC to Boost Affordable and Green Housing
In a groundbreaking collaboration aimed at transforming the housing landscape, IIFL Home Finance Ltd (IIFL HFL) has joined forces with the International Finance Corporation (IFC). This strategic partnership doesn't just signify financial support; it represents a visionary quest to provide affordable housing to those who need it most. Beyond affordability, the collaboration also takes a bold step towards sustainability by promoting green housing initiatives. With a resolute commitment to inclusivity, the partnership dedicates a significant portion of its funding to empower women borrowers. This is more than a financial venture—it's a journey towards homes that uplift, communities that prosper, and a future that's both affordable and sustainable.