MITCON excels in carbon credits

  • 25/08/2008

  • Indian Express (Mumbai)

Pune, August 24 "The carbon market, which is growing at a fast pace in India, has started to show its fruitful outcome for some industries. In the past few months, Indian projects have received Rs. 29 crores with MITCON's assistance,' said Deepak Zale, executive vice president, energy and carbon services, Mitcon Pune. Mitcon Consultancy Services Ltd, a city based consultancy organization provides complete solutions to develop a project, that has the potential to earn carbon credits. MITCON also assists in the registration of the project with UNFCCC as well as in identifying buyers from the developed countries. Some of the companies that have received carbon credits include, Tata Motors Ltd, Ghodawat Industries, Vanaz Engineers, Alkyl Amines, Saroj group of Industries, Mahalakxmi Constructions Mayura Steels, Universal Starch, Hindustan Distilleries and Unique Sugars Ltd, stated a press release. Apart from these, leading lenders of the Indian economy including SBI, ICICI Bank, IDBI Bank, HDFC Bank have signed MOUs with MITCON for providing carbon credit services to their borrowers. the release added.