CESL invites bids to acquire 5,580 electric buses

22 Jan 2022 CW Team

State-owned Convergence Energy Services Ltd (CESL) floated tenders to acquire 5,580 electric buses to be deployed across five main cities.The bid, which also comprises 130 double-deckers, is worth around Rs 5,500 crore . CESL, an arm of Energy Efficiency Services Ltd (EESL), told the media that the request for a proposal called Grand Challenge was the biggest ever acquisition plan of electric buses. The buses will be deployed in New Delhi, Bengaluru, Hyderabad, Surat and Kolkata in the first phase.

Delhi has asked for 1,500 buses under the scheme and stands ready to provide state subsidies where they are needed, said Kailash Gahlot, transport and environment minister of Delhi.

The first lot of e-buses is likely to hit the roads by July 2022, as per the statement. CESL aims to improve its help to state governments in attaining their electric mobility targets and further develop an infrastructure for electric mobility in the nation.

The scheme aims to ease the working costs for cities and clear bottlenecks of acquiring e-buses by state transport utilities.

It is observed as a big step towards making India a net-zero or carbon-neutral country by 2050 and getting closer to attaining energy independence by 2047.

The scheme is likely to help realise lower costs due to increased demand and attain high quality benchmarked technology, as per the statement.

Image Source

Also read: CESL to establish another 900 EV charging stations in 2022

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..