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

06 Aug 2021 CW Team

Japan鈥檚 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.

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

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..