logo
GreenLine flags off LNG truck fleet for Bekaert to drive sustainable logistics

GreenLine flags off LNG truck fleet for Bekaert to drive sustainable logistics

Time of India24-04-2025
New Delhi: Essar venture
GreenLine Mobility Solutions
on Thursday said it has joined hands with tire reinforcement technology company
Bekaert
to
decarbonise road logistics
. The partnership was flagged off with the deployment of GreenLine's
LNG-powered trucks
at Bekaert's Ranjangaon plant in Maharashtra, marking the beginning of a pilot phase, the company said in a statement.
The pilot phase aims to significantly reduce the carbon footprint of Bekaert's logistics operations.
The partnership will support India's vision of a gas-based economy, the statement said.
Each GreenLine LNG truck is expected to reduce up to 24 tonnes of CO2 emissions annually, contributing to Bekaert's ambition of becoming
carbon net-zero by 2050
and achieving 65 per cent of sales from sustainable solutions.
"At GreenLine, we are proud to offer...an integrated ecosystem - from LNG refuelling to real-time telematics - that empowers our partners to make meaningful progress on their net-zero goals," Anand Mimani, CEO of GreenLine Mobility Solutions, said.
Dinesh Mukhedkar, Procurement Operations Lead - South Asia and Procurement Global Shared Service Centre Lead, Bekaert, said, "As part of our purpose 'Establishing the new possible', and our ambition to lead in safe, smart, and sustainable solutions, decarbonising logistics is an essential step. This directly supports our commitment to ESG principles and long-term sustainability goals."
GreenLine's expanding fleet of LNG-powered trucks has already clocked more than 40 million kilometres, avoiding over 10,000 tonnes of CO2 emissions.
The company's ongoing expansion includes plans to deploy over 10,000 LNG and EV trucks, supported by a nationwide network of 100 LNG refuelling stations, EV charging hubs, and battery swapping facilities, targeting a reduction of 1 million tonnes of carbon emissions annually.
GreenLine Mobility Solutions is India's largest operator of LNG and electric-powered heavy commercial trucks. It operates LNG-powered trucks for long-haul transportation and electric vehicles (EVs) for short-haul operations.
Founded in 1880, Belgium-headquartered Bekaert (Euronext Brussels, BEKB) is a global leader in tire reinforcement technology whose 21,000 employees worldwide together generated 4 billion euros in consolidated sales in 2024.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This company shares in focus as company forms JV with Taiwan-based firm
This company shares in focus as company forms JV with Taiwan-based firm

India.com

timean hour ago

  • India.com

This company shares in focus as company forms JV with Taiwan-based firm

ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Shares of Pavna Industries Limited will be in focus when markets open on Monday as the company has informed exchanges that it has formed a joined venture with with Taiwan-based SmartChip Microelectronic Corporation. The company said that the new joint venture company will make electronic components for the automobile industry and others. 'The proposed Joint Venture (JV) Company to carry on the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks etc. in residential/commercial industries, aero, medical etc.,' the company said in the filing. As per the information share, the proposed shareholding structure for the joint venture underscores Pavna Industries Limited's significant control, with the company holding a majority stake of 80 per cent. The Taiwan-based company will own the remaining 20 per cent. The authorised and paid-up capital of the company shall be Rs 5,00,000 divided into 50,000 equity shares of Rs 10 each. 'The Equity Shares of proposed Joint Venture Company will be subscribed at a price of Rs. 10/- each by Pavna Industries Limited and Smartchip Mircoelectronic Corporation,' it further stated. The counter ended in the red in the last trading session, falling 2.03 per cent to Rs 410.35 compared to the previous close of Rs 418.85. This is part of a larger trend in the stock's performance. The 52-week high of the stock is Rs 759.55, hit on October 14, 2024, and the 52-week low is Rs 295.20. These figures provide a broader perspective on the stock's performance, indicating its potential for growth and the level of risk associated with it. According to the BSE Analytics, the stock has delivered a return of 86 per cent in two years. However, it has corrected 21 per cent in one year and 69 per cent so far this year. Earlier, benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade on Thursday. Extending gains to the second day, the 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30.

PM Modi announces ₹1 lakh-crore scheme to create 35 million private jobs
PM Modi announces ₹1 lakh-crore scheme to create 35 million private jobs

Hindustan Times

time4 hours ago

  • Hindustan Times

PM Modi announces ₹1 lakh-crore scheme to create 35 million private jobs

New Delhi: Prime Minister Narendra Modi on Friday announced a ₹1 lakh-crore scheme for new job seekers in an Independence Day speech that focused squarely on the need for more self-reliance and local manufacturing to cope with 'rising economic selfishness' in the world. From today, under the PM Viksit Bharat Rozgar Yojana, our sons and daughters getting their first job in the private sector will be given ₹ 15,000, Modi said. (PTI) The Pradhan Mantri Viksit Bharat Rojgar Yojana will provide a one-time incentive of ₹15,000 to first-time private-sector job seekers, targeting approximately 35 million beneficiaries, Modi said. The stress on the economy comes against the backdrop of the United States President Donald Trump's decision to impose a 50% tariff rate on India — much higher than on its neighbours and peers — which disadvantages exports and could hurt nearly one per cent of the nation's gross domestic product, according to some analysts. Local manufacturing will add jobs to the economy, he said, urging a boost to building everything from fertilisers and jets to Electric Vehicle (EV) batteries. 'Today, I bring good news for the youth of our country. From today, under the PM Viksit Bharat Rozgar Yojana, our sons and daughters getting their first job in the private sector will be given ₹15,000,' he said. The PM stressed that this initiative would transform India's demographic potential into real economic and social prosperity, strengthening the bridge from 'Swatantra Bharat to Samriddha Bharat (free India to a prosperous one)' and empowering the youth to 'actively contribute to the nation's progress and development'. In his 12th consecutive Independence Day address from the Red Fort, Modi outlined new economic and security initiatives, including a Goods and Services Tax (GST) overhaul, indigenous semiconductor production, and Mission Sudarshan Chakra, which is aimed at safeguarding strategic and public sites. On July 1, the union cabinet chaired by Modi approved the much-awaited Employment-Linked Incentive (ELI) scheme proposed in the 2024-25 Budget. It will offer fresh recruits in private-sector jobs a month's wages, while firms hiring them will get financial incentives — steps aimed at boosting job opportunities and enhancing skills of working-age people. The sops, aimed at creating 35 million new jobs in two years, will provide direct financial benefits of up to ₹15,000 in two instalments to 19.2 million first-time employees. According to the government's Economic Survey 2024, India needs to create 7.85 million non-farm jobs every year until 2030 to absorb its expanding labour force — a number far higher than the current rate of employment generation. While one part of the scheme deals with one-off payments of a month's wages as direct benefit transfer to all first-time employees entering the workforce in formal sectors (up to a salary ceiling of ₹1 lakh), the second component is aimed at contributing a share of salaries. The scheme has been designed to calculate a baseline of employee strength. Firms with fewer than 50 employees will need to hire two additional staffers to be eligible for the incentives. Employers with more than 50 workers will need to add five new employees to their payrolls. All employees must be registered with the Employees' Provident Fund Organisation (EPFO), the state-backed retirement-income manager, according to the statement. According to the scheme's details, for new employees with a provident-fund base wage of ₹10,000, the incentive for hirers will be ₹1,000. For those in the base wage slab between ₹10,000 and ₹20,000, the incentive will be ₹2,000. For salaries between ₹20,000 and ₹1 lakh, the benefit will be ₹3,000. The scheme will offer incentives tied to EPFO contributions to both employers and first-time employees in the manufacturing sector, in the form of funds linked to a specified pay scale for the period during which the plan will be in force. The benefits will apply to jobs created between 1 August 2025 and 31 July 2027.

Pavna Industries forms JV with Taiwan's SMC to boost EV, e-lock tech in India
Pavna Industries forms JV with Taiwan's SMC to boost EV, e-lock tech in India

Time of India

time7 hours ago

  • Time of India

Pavna Industries forms JV with Taiwan's SMC to boost EV, e-lock tech in India

Aligarh-based Pavna Industries has entered into a joint venture with Taiwan's SmartChip Microelectronic Corporation (SMC) to manufacture advanced electronic components for the automotive industry and other sectors in India. Under the agreement, Pavna will hold 80 per cent equity and lead operations, while SMC will hold the remaining 20 per cent, bringing in R&D capabilities for automotive e-lock systems, EV components such as motor controllers, throttle bodies, dashboards for two- and three-wheelers, and EV charging piles. The partnership aims to accelerate EV technology penetration in India and expand into high-growth markets such as residential and commercial electronic locking solutions, said the official press release. 'This strategic partnership is an important milestone on our path to emerging as a mobility solutions leader in advanced technologies,' said Swapnil Jain, Managing Director, Pavna Industries. Pavna, which supplies to OEMs including Bajaj, Honda, TVS, Mahindra, and Royal Enfield, operates manufacturing plants in Uttar Pradesh, Maharashtra, and Uttarakhand, with a new facility coming up in Tamil Nadu.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store