GreenCell Mobility advances green revolution with EV powering strategy

20 Dec 2023 CW Team

GreenCell Mobility, a trailblazer in the electric vehicle (EV) sector, announced that its subsidiary, GreenCell Express, operating under the "NueGo" brand of inter-city electric buses, has entered into a power purchase agreement and strategically invested in a 1 MW Wind Solar Hybrid captive power plant in Ratlam, Madhya Pradesh. The power plant boasts an annual generation capacity of 4.6 million units.

This groundbreaking initiative, touted as an industry first, is anticipated to result in a substantial reduction of approximately 38,000 tons of CO2 emissions over the buses' lifetime. It seamlessly aligns with GreenCell's overarching objective of transforming into a Net Zero company, as highlighted in a recent media release.

Devndra Chawla, CEO and MD of GreenCell Mobility, expressed, "At GreenCell Mobility, we are not merely embracing the future; we are actively shaping it. Powering our electric vehicles with renewable energy sources in Madhya Pradesh is not just an innovation; it's a dedicated commitment to our planet and the well-being of future generations. By setting a precedent in the industry, we aim to demonstrate that sustainable practices can coexist harmoniously with business growth."

In keeping with this vision, GreenCell Mobility is proactively seeking similar agreements in other states of operation. The company's ultimate objective is a complete transition from grid power to renewable energy sources. Furthermore, GreenCell is exploring the implementation of Battery Energy Storage solutions to ensure that its operations are entirely green from end to end. The company is actively engaging with both central and state stakeholders to advocate for policy changes that encourage the widespread adoption of renewable energy for electric buses, according to the press release.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..