Promoting low carbon mass transportation system, the Railways will be using 5 per cent bio diesel and CNG/LNG for traction while stepping up use of renewables up to 10 per cent of its energy needs by 2030.
In an interview to CNBC-TV18, Puneet Khurana, Director of Everest Kanto Cylinder spoke about the results and his outlook for the company.
Natural gas price was today cut marginally to USD 2.48 per million British thermal unit, the fifth reduction in two years.
Bajaj Auto said that his company is ready to do ‘something remarkable’ in the electric vehicle space before 2020.
The apex court said that the government should actively consider converting all three wheelers in the National Capital Region to electric.
Natural gas price in India is likely to be hiked by 8 per cent from April 1 driven by an increase in rates in reference markets including US Henry Hub.
The 22.2 kms long BRTS corridor in Karnataka will bring back the articulated bus concept which was experimented by a few state governments earlier. Such buses are usually twice the size of a conventional bus linked together by a pivoting joint that helps aid maneuvering the vehicle.
In an interview with CNBC-TV18, ES Ranganathan said that the company has capex plans of Rs 250 crore for 2017 and an additional Rs 100 crore plan for its Rewadi project next year.
Mahanagar Gas launched 100 compressed natural gas (CNG) run scooters in Mumbai. Speaking to CNBC-TV18, Rajeev Mathur, MD of Mahanagar Gas said that he is confident on CNG-run scooters.
The company has also launched MGL Connect Mobile App, which will assist consumers to find the nearest CNG station in Mumbai Metropolitan region (MMR) and nearby areas for a convenient refuelling experience.
The variant--'Wagon R Felicity' comes with various features including reverse parking sensors with display and voice guidance, body graphics and rear spoiler.
Indraprastha Gas (IGL) shares gained 3 percent intraday after Citi says Pune will be the potential opportunity for the company to provide CNG to 2-wheelers if trial results for 2-wheelers in Delhi fructified well.
In conversation with CNBC-TV18, ES Ranganathan, MD of the company, said the company expects to grow in double digits at around 10 percent for the next two quarters of this fiscal year.
The company had made a pilot-run for the nation's first LNG (liquefied natural gas) powered bus in Thiruvananthapuram last week and hopes to launch first in Kerala.
Scripting a new chapter in the country's transport sector which moves towards clean fuel, India's first liquefied natural gas-driven bus was launched here today.
In a bid to introduce clean fuel across the country, the National Green Tribunal today directed five northern states to explain their stand on making CNG as the main fuel for vehicles.
Accordingly, revised prices of CNG and domestic PNG will be Rs 39.97/kg and Rs 23.92 per standard cubic meter (SCM) respectively in the megapolis.
Despite low prices globally, India at present is incurring a massive Rs 4.5 lakh crore on crude imports which was earlier Rs 7.5 lakh crore, Gadkari said addressing a conference on methanol economy organised by Niti Aayog today.
"Margin improvement and moderate volume growth makes us positive on the growth prospects of MGL. Additionally, debtfree balance sheet, strong free cash flow and healthy return ratios also provide high comfort," the brokerage house reasons.
"Trading members of the exchange are hereby informed that effective from Friday, July 1, 2016, the equity shares of Mahanagar Gas Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securities," BSE said in a notice today.
As the fight for market share took nationalist overtones, Indian ride-hailing startup Ola today hit out at its San Francisco-based rival Uber for fanning the nationalism debate to hide its identity of being a multinational with "serial violations of law".
"There were allegations that some CNG kit manufacturers are supplying unapproved/uncertified and sub-standard CNG kits for retrofitting in the 'in-use' vehicles, thus cheating the vehicle owners by charging them prices of original kits.
The Rs 1,040 crore-IPO received bids for 1,90,59,250 shares against the total issue size of 1,73,46,150 shares, data available with the NSE till 1700 hrs showed.
The company, promoted by state-run GAIL and British Gas Asia Pacific Holdings Pte Ltd, is making an offer for sale of up to 24,694,500 equity shares of Rs 10 each.
The Delhi government has called out to any private player with a fleet of at least 50 buses to register under the scheme.