Rs.9.70 Bn Approved for Converting 5,000 MSRTC Buses to LNG

29 Aug 2024 CW Team

The Indian government has sanctioned ?9.70 billion for the conversion of 5,000 Maharashtra State Road Transport Corporation (MSRTC) buses to liquefied natural gas (LNG) engines. This significant investment aims to enhance the environmental sustainability and operational efficiency of the state's public transport fleet.

The transition from diesel to LNG is expected to reduce harmful emissions and lower operational costs, aligning with broader goals for cleaner public transportation and improved air quality. LNG, known for its lower carbon footprint compared to diesel, will help MSRTC cut down on greenhouse gas emissions and particulate matter, contributing to a healthier urban environment.

The funding will be used to retrofit existing buses with LNG engines and install necessary infrastructure for refuelling across MSRTC's operational areas. This initiative is part of a larger push to modernise public transportation in Maharashtra and support the state's climate action commitments.

Additionally, the shift to LNG will likely result in cost savings for MSRTC due to the lower price of natural gas compared to diesel, offering financial relief in the long run. The project is expected to be rolled out in phases, with initial conversions focusing on high-traffic routes.

Overall, the government's approval underscores its commitment to advancing sustainable transportation solutions and improving the efficiency of public transit systems across India.

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..