Mitsui to invest Rs 30 cr in biomass supply-chain firm in India
POWER & RENEWABLE ENERGY

Mitsui to invest Rs 30 cr in biomass supply-chain firm in India

Japan’s Mitsui and Co Ltd will invest Rs 30 crore in one of India's leading biomass supply-chain management companies, Punjab Renewable Energy Systems Pvt Ltd (PRESPL).

PRESPL is involved in the collection, storage and processing of agricultural residues. It produces biomass pellets and briquettes to meet the increasing demand for biomass fuel from India's rapidly expanding bio-energy industry.

It also supplies a variety of maintenance and operation and other technical services to the industry.

Country Chairperson of Mitsui & Co India Pvt Ltd, Masaharu Okubo, told the media that they look forward to working together with PRESPL to grow their business by consolidating their respective areas of expertise and leveraging synergies with Mitsui's diverse business portfolio.

He also said that this investment is adjoined with one of Mitsui's essential objectives to create a sustainable society while growing their bio-energy business in India and around the world.

Chairman & Managing Director of PRESPL, Monish Ahuja, told the media that this investment from Mitsui would help PRESPL expand their footprint and boost the development of the business as a market leader in India and overseas. He also said that in partnership with Mitsui, they aim to make a meaningful contribution to tackling climate change through the better utilisation of biomass agri-waste for bioenergy.

Mitsui has a diversified business portfolio that spans around 65 countries in Europe, Central and South America, Oceania, Africa, Asia, North and The Middle East, and is a Global trading and investment company.

Image Source


Also read: Biomass Briquettes: Goa’s project to turn agri waste into green fuel

Japan’s Mitsui and Co Ltd will invest Rs 30 crore in one of India's leading biomass supply-chain management companies, Punjab Renewable Energy Systems Pvt Ltd (PRESPL). PRESPL is involved in the collection, storage and processing of agricultural residues. It produces biomass pellets and briquettes to meet the increasing demand for biomass fuel from India's rapidly expanding bio-energy industry. It also supplies a variety of maintenance and operation and other technical services to the industry. Country Chairperson of Mitsui & Co India Pvt Ltd, Masaharu Okubo, told the media that they look forward to working together with PRESPL to grow their business by consolidating their respective areas of expertise and leveraging synergies with Mitsui's diverse business portfolio. He also said that this investment is adjoined with one of Mitsui's essential objectives to create a sustainable society while growing their bio-energy business in India and around the world. Chairman & Managing Director of PRESPL, Monish Ahuja, told the media that this investment from Mitsui would help PRESPL expand their footprint and boost the development of the business as a market leader in India and overseas. He also said that in partnership with Mitsui, they aim to make a meaningful contribution to tackling climate change through the better utilisation of biomass agri-waste for bioenergy. Mitsui has a diversified business portfolio that spans around 65 countries in Europe, Central and South America, Oceania, Africa, Asia, North and The Middle East, and is a Global trading and investment company. Image Source Also read: Biomass Briquettes: Goa’s project to turn agri waste into green fuel

Next Story
Infrastructure Urban

Consistent reforms will foster growth and reduce investor risk

Incorporated in 1986 as a wholly owned subsidiary of State Bank of India, SBI Capital Markets Ltd (SBICAPS) is a SEBI-registered Category I merchant banker and research analyst. It offers the entire bouquet of investment banking and corporate advisory services under one umbrella, covering project advisory and structured financing, capital markets, mergers and acquisitions, private equity, ESG advisory, startup advisory and stressed assets resolution. Headquartered in Mumbai, SBICAPS has seven regional offices of which six are in India (Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata and New ..

Next Story
Infrastructure Urban

Adani Group Invests $240M in Global Skills Academy

The Adani Group has announced a partnership with ITE Education Services (ITEES) of Singapore to establish a world-class talent pipeline for industries such as Green Energy, Manufacturing, Hi-tech, Project Excellence, and Industrial Design. The initiative will see an investment of over $240 million by the Adani family to set up internationally benchmarked schools of excellence, named Adani Global Skills Academy. These finishing schools will train students from technical and vocational backgrounds, equipping them with industry-relevant certifications. Graduates will have employment opportunities..

Next Story
Infrastructure Urban

Swiggy to Invest $120M in Scootsy for Expansion

Food and grocery delivery giant Swiggy Ltd announced on Friday that it will invest up to $120 million in its wholly owned subsidiary Scootsy Logistics in one or more tranches. Scootsy specializes in supply chain services and distribution, including warehouse management, in-warehouse processing with value-added services, and order fulfillment for wholesalers and retailers. "We wish to inform that the Board of Directors of the company, at its meeting held on Friday, February 21, 2025, has approved the investment by the company in the equity shares of Scootsy Logistics Private Limited, a wholly..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?