The role of MSMEs on decarbonisation in India’s HVAC industry

Railways Spent Rs 604.7 Billion on Passenger Subsidy in FY24

New Delhi – The Indian Railways provisionally spent Rs 604.7 billion in subsidies during the financial year 2023–24, covering 45 per cent of passenger travel costs, Railway Minister Ashwini Vaishnaw informed the Lok Sabha on Wednesday.In a written response to questions from multiple Members of Parliament regarding the recent rail fare hike, Vaishnaw stated that the Indian Railways continues to offer one of the most affordable transport services globally, ferrying over 7.2 billion passengers annually."The total amount of subsidy provided in FY 2023–24 on passenger travel is provisionally ..

Auto Sector Can Cut Emissions by 87% by 2050: CEEW

India’s automobile industry could reduce its manufacturing emissions by 87 per cent by 2050 through a shift to green electricity and low-carbon steel, according to a study released by the Council on Energy, Environment and Water (CEEW).The report estimates that if original equipment manufacturers (OEMs) and their suppliers target net-zero emissions by 2050, annual emissions could fall from a projected 64 million tonnes of CO₂ (under the business-as-usual scenario) to just 9 million tonnes. This would require OEMs to adopt 100 per cent green electricity and steel suppliers to source 56 per ..

Dalmia Eyes JP Assets, Plans Backup Expansion in Jaisalmer

Dalmia Bharat remains committed to acquiring Jaiprakash Associates’ (JAL) assets as part of its nationwide growth strategy. However, in parallel, the company is preparing a Plan B involving a greenfield expansion in Jaisalmer, with a final review expected by the end of FY26.Puneet Dalmia, Managing Director and CEO, stated that while the company awaits the outcome of its Rs 57 billion bid for JP assets, it continues developing alternative growth routes. Dalmia Bharat concluded FY25 with a cement capacity of 49.5 million tonnes per annum (mtpa) and expects to add 14 to 14.5 mtpa through ongoin..