Latest news with #ShriramFinanceLimited
The Hindu
08-05-2025
- Automotive
- The Hindu
GreenLine rolls out fresh LNG truck fleet
GreenLine Mobility Solutions Ltd., an Essar venture and India's only green logistics operator of LNG and electric-powered heavy commercial trucks, said it had flagged off a new fleet of LNG-powered trucks at Chakan, Pune. The deployment is supported by Shriram Finance Limited, one of India's largest NBFCs and the flagship company of the Shriram Group. 'This fleet expansion, supported by Shriram Finance, is a key step towards transforming India's logistics with sustainable, high-performance solutions. The trucks, manufactured by Blue Energy Motors (BEM), play a critical role in decarbonising the logistics sector and align with our vision for a greener future,' said Anand Mimani, CEO, GreenLine Mobility.
United News of India
07-05-2025
- Automotive
- United News of India
GreenLine partners with Shriram Finance to scale up green logistics
Kolkata, May 7 (UNI) GreenLine Mobility Solutions Ltd, an Essar venture and India's only green logistics operator of LNG and electric-powered heavy commercial trucks, on Wednesday flagged off a new fleet of LNG-powered trucks at Chakan, Pune. The deployment is supported by Shriram Finance Limited, one of India's largest NBFCs and the flagship company of the Shriram Group. GreenLine continues to lead India's low-carbon logistics transformation. Its current fleet of over 650 LNG trucks serves marquee companies across sectors such as FMCG and e-commerce, metals and mining, cement, oil and gas, and chemicals. The fleet has already covered more than 40 million kilometres, reducing CO₂ emissions by over 10,000 tonnes. The company plans to deploy over 10,000 LNG and EV trucks, supported by a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities. This comprehensive initiative aims to reduce carbon emissions by up to 1 million tonnes annually. This partnership marks a significant step in GreenLine's ongoing mission to decarbonise India's transportation sector, which contributes nearly 15% of the country's total carbon emissions. With over 4 million trucks currently in operation—and the number continuing to grow—India's road logistics sector remains one of its most carbon-intensive industries. Aligned with the government's ambitious goal to reduce greenhouse gas emissions, GreenLine is committed to transitioning the heavy-duty vehicle (HDV) fleet to LNG and EV trucks to promote cleaner, more sustainable transport. With Shriram Finance's backing, the deployment of these vehicles is faster and more efficient, making green logistics more financially accessible for businesses across the country. Anand Mimani, CEO, GreenLine Mobility Solutions Ltd., said: "This fleet expansion, supported by Shriram Finance, is a key step towards transforming India's logistics with sustainable, high-performance solutions. The trucks, manufactured by Blue Energy Motors (BEM), play a critical role in decarbonising the logistics sector and align with our vision for a greener future. With growing investments in LNG and other alternative fuels, we are seeing tangible progress towards reducing India's carbon footprint.' Sharvari Prabhu, CFO, GreenLine Mobility Solutions Ltd., added: "As we scale our LNG fleet, the role of strategic financial support becomes increasingly critical. Shriram Finance's involvement helps us offer viable green alternatives to conventional trucking while supporting India's broader decarbonisation goals." G. M. Jilani, Joint Managing Director, Shriram Finance Limited, commented: 'We congratulate Greenline Mobility Solutions on the expansion of their green fleet with the addition of LNG-powered trucks which reinforces their unwavering commitment to sustainable logistics. At Shriram Finance, we're proud to support this forward-looking initiative, which aligns with our commitment to responsible financing and environmental stewardship. This partnership marks a significant milestone as our first investment in cleaner fuel technology, showcases our commitment to expand our green financing beyond electric mobility, and underscores our resolve to drive meaningful change across the transportation ecosystem. We remain dedicated to driving positive change, accelerate sustainable initiatives and supporting environmentally responsible growth across the transportation sector.' GreenLine's LNG-powered trucks are manufactured by Blue Energy Motors (BEM). BEM is a leading manufacturer of LNG-powered trucks, delivering innovative solutions for the logistics industry. Their cutting-edge technology is designed to enhance operational efficiency and sustainability in India's transport sector. UNI SJC
News18
24-04-2025
- Business
- News18
This NBFC Offers 8.4% Interest Rates On FD; Details Here
Last Updated: Shriram Finance Limited's revised interest rates are applicable on deposits up to Rs 10 crore for tenure options ranging from 12 months to 60 months. Shriram Finance Limited (SFL) has announced a revision in interest rates on fixed deposits (FDs) across various maturity tenures, effective from May 2, 2025. The revised interest rates are applicable on deposits up to Rs 10 crore for tenure options ranging from 12 months to 60 months. The highest annual interest rate is 8.4 per cent on 36-60 months deposit tenures, while the highest effective yield is 9.93 per cent for a 60-month deposit. Period (Months) Non-Cumulative Deposit Cumulative Deposit Monthly % p.a. Quarterly % p.a. Half Yearly % p.a. Yearly % p.a. Rate % (p.a. at Monthly rests) Effective Yield % p.a. Maturity Value for ₹5,000/- 12 7.39 7.44 7.51 7.65 7.39 7.65 5,382 15 (Digital Only) 7.63 7.68 7.75 7.90 7.63 7.98 5,498 18 7.53 7.58 7.65 7.80 7.53 7.95 5,595 24 7.63 7.68 7.75 7.90 7.63 8.21 5,821 36 8.09 8.15 8.23 8.40 8.09 9.12 6,368 50 8.09 8.15 8.23 8.40 8.09 9.58 6,996 60 8.09 8.15 8.23 8.40 8.09 9.93 7,482 Note: Senior citizens (60+) get an additional 0.50% interest per annum. Women investors receive an extra 0.10%. SFL offers an additional 0.25% interest on all renewals. 'Additional benefits will continue for senior citizens aged 60 years or above at the time of deposit/renewal are eligible to earn an additional 0.50% interest per annum, while women investors can avail an extra 0.10 per cent interest per annum. SFL will offer an additional interest of 0.25 per cent per annum on all renewals," Shriram Finance Limited said in a statement. The fixed deposits are rated '[ICRA]AA+ (Stable)" by ICRA and 'IND AA+/Stable" by India Ratings and Research. Deposits will be accepted in multiples of Rs 1,000, subject to a minimum amount of Rs 5,000, SFL said. First Published:
