JULY 20239Pidilite Industries Ltd, a leading manufacturer of construction and specialty chemicals, announced the launch of its state-of-the-art manufacturing facilities under its two joint ventures, Pidilite Litokol Pvt Ltd (PLPL) and Tenax Pidilite Pvt Ltd (TPPL), in Amod, Gujarat. Litokol SPA Italy and Tenax SPA Italy have transferred technology to Pidilite as part of the Joint Venture. This event signifies a milestone development in technology transfer in India's stone and ceramic solutions industry.Tenax offers some of the best product solutions for the installation and upkeep of marble and granite stones. These products provide a seamless finish and long-lasting luster and shine to marble and granite. Litokol's Starlike range of quartz-based technology epoxy grouts are stain proof, nonabsorbent and highly suitable for both interior and exterior floor and wall applications, even in severe operating conditions.Bharat Puri, Managing Director at Pidilite Industries Limited, said, "At Pidilite, we continuously strive to innovate and lead the way in all our categories and product offerings. Roff, our pioneering brand, is a true game-changer that aims to revolutionize the stone and tile fixing industry in India. The joint ventures with Tenax and Litokol reiterate our commitment to redefine industry standards and delivering world-class solutions. Given our robust distribution network and this global expertise, we will empower our customers with new age and long-lasting solutions. This partnership marks a significant milestone as we stride confidently towards a future of success. We congratulate the teams of Roff, Litokol, and Tenax for their outstanding efforts in making this journey possible." Union Power & Green Energy Minister R. K. Singh said that India would not hesitate to expand its thermal power generation capacity to meet the country's growing energy requirements. Addressing a media event in New Delhi, Singh underscored the government's commitment to strike a balance among renewable energy expansion and the necessity of thermal power. He emphasized that the government has been tirelessly working on ensuring access to energy, enhancing energy efficiency, promoting energy sustainability, and ensuring energy security as the four pillars guiding India's energy sector trajectory.While acknowledging the high expenses associated with clean energy storage, Singh highlighted the government's efforts to promote the growth of Pumped Hydro Power Projects. These projects are expected to play a significant role in balancing renewable energy intermittency. "Huge capacities of Pumped Hydro projects are coming up. At the same time, we need to build batteries for grid storage. We need to have another PLI scheme for grid scale storage, so that we can augment capacity and have round-the-clock renewable energy. We will keep adding storage to ensure that demand goes up and investment keeps happening," he added. TOP STORIESINDIA REMAINS COMMITTED TO THERMAL CAPACITY GROWTH TO FULFILL ENERGY DEMANDS: R. K. SINGHPIDILITE TO MANUFACTURE LITOKOL & TENAX PRODUCTS FROM ITALY IN INDIA
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