Current Affairs - Business

Adani Group launched India's largest hydrogen blending project, blending 2.2-2.3% green hydrogen in piped natural gas in Ahmedabad. This initiative aims to reduce emissions and align with net-zero goals. The hydrogen is produced using renewable energy through electrolysis, a process that splits water into hydrogen and oxygen. This blended hydrogen is then supplied to households, representing a significant step towards sustainable energy solutions and carbon reduction in India.

NTPC Vidyut Vyapar Nigam (NVVN) has partnered with the Indian Council of Medical Research (ICMR) to implement solar power solutions across 15 ICMR institutes. NVVN will install and maintain rooftop solar panels with a capacity of 4,559 KW, ensuring that the health research facilities benefit from clean, renewable energy. This initiative includes a 25-year Power Purchase Agreement, which guarantees stable solar energy tariffs, thereby contributing to both sustainability and cost-efficiency for ICMR's operations, reducing their reliance on conventional power sources.

Amazon has signed a Memorandum of Understanding with the Department of Posts to enhance logistics capabilities and expand parcel delivery services across India. This partnership builds on an ongoing collaboration since 2013, leveraging DoP's extensive postal network to support Amazon's e-commerce operations and contribute to job creation. The MoU aims to improve operational efficiencies, share capacities, and utilize networks to boost delivery reach across India, thereby promoting the growth of e-commerce logistics.

Adani Group has formed a partnership with Google to supply renewable energy from its solar-wind hybrid project located in Khavda, Gujarat, starting in 2025. This collaboration is a significant step towards supporting Google’s ambitious goal of achieving 24/7 carbon-free energy and aims to reduce emissions. By leveraging Adani's extensive renewable energy capabilities, the partnership not only furthers Google’s sustainability objectives but also aligns with the broader initiative of decarbonization in industrial sectors. The partnership emphasizes the importance of collaboration in tackling climate change and promoting clean energy solutions.

Bharat Electronics Limited (BEL), in partnership with Israel Aerospace Industries (IAI), has created a joint venture named BEL IAI AeroSystems Private Ltd. This venture is focused on providing long-term product support for the Medium Range Surface-to-Air Missile (MRSAM) systems used by India's defense forces. The collaboration highlights the ongoing partnership between the two companies and aims to enhance India's defense capabilities, aligning with the government's initiative of ‘Atmanirbhar Bharat’ (self-reliant India). The MRSAM system plays a critical role in countering aerial threats for various branches of the Indian armed forces.