Press Release3 Jun 2024, 11:44 pm
Empower India Ltd. Forays into Green Energy Solutions, Establishing Position in Bio-Fuels, Solar/Wind Power, Green Hydrogen, Electric Vehicles, and Lithium-ion Batteries
AI Summary
Empower India Limited (EIL), a company listed on Bombay Stock Exchange, has announced its plans to diversify its business into Green Energy Solutions. The company aims to combat global pollution menace by foraying into Bio-Fuel, Solar/Wind Power, Green Hydrogen, Electric Vehicles, and Lithium-ion Batteries. EIL is starting with rooftop solar panel installations, taking advantage of the government subsidy to benefit residential customers. The company is also targeting the expanding field of carbon credit and related services as its new investment gear. EIL is in the process of identifying suitable technical partners for the implementation of the Phase-1 of Roof-top Solar Panels project.
Key Highlights
- Empower India Ltd. is diversifying its business into Green Energy Solutions
- Company aims to establish a prominent position in developing bio-fuels from agricultural and food waste
- EIL is starting with rooftop solar panel installations, taking advantage of the government subsidy
- EIL is targeting the expanding field of carbon credit and related services as its new investment gear
- Company is in the process of identifying suitable technical partners for the implementation of the Phase-1 of Roof-Top Solar Panels project