Coal Logistics targets Rs 210 billion savings to focus on rail by 2030

02 Dec 2024 CW Team

The government’s Coal Logistics Policy and Plan aims to save Rs 210 billion annually by transitioning to rail-based transportation, which is expected to cut rail logistics costs by 14% and reduce dependence on road transport. Union Coal and Mines Minister G. Kishan Reddy outlined these objectives in a written reply to the Rajya Sabha, highlighting additional benefits like optimised logistics costs and lower CO2 emissions by FY2030. The plan involves implementing 90% mechanised coal loading and evacuation infrastructure through First Mile Connectivity (FMC) projects. This includes state-wise origin-destination mapping, adoption of multi-modal transport systems such as railways, conveyor belts, inland waterways, and coastal routes, and enhanced collaboration with the Ministry of Railways to address critical railway lines and wagon requirements. The coal production target under the plan is set at 1.5 billion tonnes by FY2030. The strategy emphasises integrating technology like artificial intelligence, drones, and advanced infrastructure to streamline coal transportation to end-use plants. Reddy noted that there is no separate budget allocation for the plan, as it is being executed in collaboration with coal companies, the Ministry of Railways, and other logistics stakeholders. The initiative is expected to boost efficiency, reduce costs, and support the government’s broader objectives for sustainable coal logistics. (ET)

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..