Vedanta Aluminum and GEAR India ink pact for electric forklifts

12 Jan 2022 CW Team

Vedanta Aluminum has signed a pact with GEAR India for deploying electric forklifts in India. As many as 23 electric forklifts will be commissioned in a phased manner in the upcoming few months.

Vedanta Aluminum along with GEAR India will be deploying lithium-ion battery-powered electric forklifts in India. It will be among one of the largest fleets in the country.

The company will be commissioning 23 forklifts in the upcoming months in a phased manner. It will take place at their aluminum smelter in Jharsuguda, which is included in the world's largest single-location aluminum smelters.

As the green fleet acts as a substitute for the diesel-fuelled forklifts, there will be an annual diesel reduction of over 2.5 lakh liters. Also, greenhouse gas- GHG emission savings of approximately 690 tonnes of the CO2 equivalent is ensured.

Vedanta Aluminum is currently operating forklifts for various purposes that include handling finished goods and material movement. Longer working hours will be possible due to rapid charging. Therefore, the productivity of operations will be maximised by the new lithium-ion forklifts.

Vedanta Aluminium is focused on achieving its goal of net-zero carbon emissions by the end of 2050. The partnership with GEAR for deploying the largest and advanced electric forklift fleets aligns with their endeavor of making the operations future-ready by leveraging the power of innovation and technology.

Along with the carbon footprint reduction, the initiative will be utilising cloud computing for providing real-time analytics for enhancing productivity and boosting the safety of the employees, said Vedanta Aluminum Business CEO, Rahul Sharma.

Image Source

Also read: Hangcha introduces XH series high voltage electric forklift truck

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..