NMPML plans new bid for 50 e-buses

05 Jul 2023 CW Team

The transport wing of the Nashik Municipal Corporation (NMC), known as Nashik Mahanagar Parivahan Mahamandal (NMPML), has announced its intention to launch a new tender for the purchase and operation of 50 electric buses.

Previously, the NMC had issued bids and granted two extensions due to the limited response, with only two private companies submitting bids. According to regulations, if there are fewer than three bids, it is necessary to provide two extensions.

An NMPML official stated, "During the assessment of the technical bids, one of the two companies was disqualified, and the financial bid has yet to be revealed. Therefore, we are planning to initiate a fresh bid to attract more companies. This will promote competitiveness and provide the transport organization with better pricing options."

The NMPML is eager to introduce the electric buses in July of this year, coinciding with its second anniversary, the official added.

For the procurement of buses, the civic body will allocate Rs 250 million to the relevant agency. Consequently, the agency will offer reduced charges for operating the bus service.

The operational cost for the current bus fleet is Rs 80 per km, whereas the operational cost for the electric buses will be Rs 60 per km. The price difference will assist the civic body in minimising its losses.

Also read:
Telangana unveils plans to expand Hyderabad Metro network
MMRDA eases traffic by removing 84 km barricades from Mumbai Metro

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..