Commercial Vehicle Magazine’s Post

UltraTech to deploy 100 more EV trucks in its logistics operations UltraTech Cement Limited, India’s largest cement and ready-mix concrete company, has announced that it is scaling up the use of Electric Vehicles (EV trucks) for movement of material and products in its logistics operations. The Company has signed a new transport service contract for deployment of about 100 electric vehicles (EV Trucks) for the transportation of 75,000 MT of clinker per month from its integrated cement manufacturing unit Dhar Cement Works, located in Madhya Pradesh, to its grinding unit Dhule Cement Works, located in Maharashtra, which is about 400 kms distance for a roundtrip. UltraTech is the first cement company in India to deploy electric trucks at this scale for such a long lead distance. The transportation of clinker using these electric trucks in place of fossil-fuel based trucks is estimated to help reduce transport emissions by 17,000 MT of CO2 annually.  UltraTech aims to deploy 500 electric trucks by June 2025 as part of the Government of India’s eFAST initiative. It is among the first cement companies in India to introduce ‘Green Logistics’ in the form of CNG vehicles in 2021, LNG vehicles in 2022, and Electric Trucks in 2024. Through concerted efforts with logistics partners, the Company currently has more than 468 CNG trucks and 67 LNG trucks operational for transport of products and material across several of its manufacturing units. UltraTech Cement #greenlogistics #ev #cng #trucks #co2

UltraTech Expands EV Truck Fleet for Clinker Transportation In a major step toward #sustainable #logistics, UltraTech Cement has announced the deployment of #EV trucks to transport 75,000 MT of clinker monthly. These electric vehicles will operate between UltraTech’s integrated cement manufacturing unit at Dhar Cement Works in Madhya Pradesh and its grinding unit at Dhule Cement Works in Maharashtra. The route involves a roundtrip distance of approximately 400 kilometers. This expansion follows a successful pilot project launched in January 2024, which saw five EV trucks introduced on the same route. The pilot also included the establishment of #charging #infrastructure and specialized training for truck drivers. Encouraged by the pilot's outcomes, UltraTech has decided to scale up the use of EV trucks and is actively evaluating additional routes for future deployment. The company is also planning another pilot for clinker transportation between two of its other manufacturing units. Here is the article which carried this report: https://lnkd.in/gfSBhfP2

#Cargo_Breaking_News Ultratech to deploy 100 EV trucks to achieve Net Zero ambitions  To scale up its logistics operations, UltraTech Cement has announced the deployment of 100 more Electric Vehicles (EV trucks) in its fleet. The company has signed a pact for the transportation of 75,000 MT of clinker per month from its integrated cement manufacturing unit Dhar Cement Works, located in Madhya Pradesh, to its grinding unit Dhule Cement Works, located in Maharashtra, which is about 400 kms distance for a roundtrip. UltraTech is the first cement company in India to deploy electric trucks at this scale for such a long lead distance. The transportation of clinker using these electric trucks in place of fossil-fuel based trucks is estimated to help reduce transport emissions by 17,000 MT of CO2 annually. Read More: https://lnkd.in/g4Ryia9C

Indian #steel production is shifting towards scrap-based methods to become more eco-friendly and resource-efficient. The National Steel Policy aims for 35-40% of steel production to come from electric arc furnaces (EAF) that use scrap by 2030. Major companies like ArcelorMittal Nippon Steel (AM/NS), Tata Steel, and JSW Steel are investing in scrap processing centers and EAF plants. This will significantly reduce reliance on virgin materials like #ironore and coking #coal , leading to lower carbon emissions and natural resource extraction. For instance, Tata Steel's new EAF plant in Ludhiana and its recycling plant in Rohtak are examples of this shift. JSW Steel has also acquired a scrap shredding company to secure its supply chain. This increased use of #scrap is projected to save energy, water, and #greenhouse gas emissions while reducing reliance on expensive #imports .

Market Summary 2 :-  Cochin Shipyard: The company received a contract worth Rs 150 crore from the Indian Navy for medium refits of two vessels.- positive   ·   Atul: The company completed capacity expansion at the DCDPS plant and approved an investment of Rs 99.5 crore for expansion. - positive   ·   Torrent Power: The company will set up 150 MW of solar power projects at four of Shapoorji's desalination plants.- positive   ·   India Glycols: The company expanded the capacity of the grain-based distillery plant in Gorakhpur to 290 KLPD from 110 KLPD. - positive   ·   M&M – Company appoints Amarjyoti Barua As CFO Effective May 17 - positive   ·   Prime Focus: The company approved raising up to Rs 4,000 crore through a rights issue at the issue price of Rs 90 per share (CMP 134).   ·   Gujarat Ambuja Exports – Company approved bonus in the ratio of 1:1 – positive   ·   Mahanagar Gas: The company acquired a 100% stake in Unison Enviro for Rs 562 crore. – Positive   ·   Adani Ports reported January Cargo volume at 35.1mn tons (up 27% YoiY) and container volume up by 13% (YoY). - positive   ·   Aegis Logistics Q3 Results- Revenue down 10.2% (YoY) to Rs1,873.4 crore, Ebitda fell 42.8% (YoY) to Rs 211.8 crore, Ebitda Margin rose 95 bps to 11.3% from 10.4% (YoY) and Net profit rose 6.6% (YoY) to Rs 152.2   ·   Whirlpool Q3 Net profit Rs14.68cr (up 37% YoY), Ebitda up Rs 43% (YoY) to Rs63e, Ebitda margin 4% vs 3.4% (YoY) and Income Rs1398vt (up 19% YoY)    ·   Mahindra Holiday Q3 net profit Rs11.6cr, Income Rs635cr (up 6% YoY), Ebitda up 18% (YoY) to Rs106 and Ebitda margin at 16.7% vs 15% (YoY)   ·   Rategain Tech Q3 net profit Rs40cr (up 203% YoY), Income Rs252.6cr (up 83% YoY) and Ebitda Rs51.2cr (up 125% YoY)   ·   Nava Q3 net profit Rs465cr (up 28.2% YoY), Income Rs930cr (up 6% YoY), Ebitda margin at 44.1% vs 45.4% (YoY) and Ebitda Rs51.2cr (up 125% YoY)   ·   Torrent Pharma announced inline with expected Q3 results. Company reported Q3 net profit Rs443cr (up 52% YoY) - expectation Rs440cr, Income Rs2732cr (up 9.7% YoY) - expectation Rs2740cr, Ebitda margin at 32% vs 29% (YoY) – expectation 32% and Ebitda Rs869cr (up 20.1% YoY) – expectation Rs870cr   ·   Jubliant Pharma Q3 net profit Rs66.8cr vs loss Rs15.7cr YoY, Income Rs1677r (up 8% YoY), Ebitda margin at 13% vs 9.3% (YoY) and Ebitda Rs217.7cr (up 50%)   ·   Bikaji Food Q3 net profit Rs46cr (up 15% YoY), Ebitda Rs75cr (up 43% YoY) , Ebitda margin at 12% vs 11% (YoY) and Income Rs624.2cr (up 23% YoY).   ·   Engineers India Q3 Net profit 63.3cr (up 29.3% YoY), Income up 3% (YoY) at Rs867.6cr, Ebitda Rs50.1 (down 11% YoY) and Ebitda margin at 5.8% vs 7.7% (YoY)   ·   Dhanlaxmi Bank Q3 Net profit down 86% (YoY) at Rs 3.05 crore, Gross NPA at 4.81% vs 5.36% (QoQ), Net NPA at 1.27% vs 1.29% QoQ and NII down 10% (YoY) at Rs 114 crore   #marketsummary #sharemarketnews #india #business #entrepreneur #bitcoin #forex#trading #cryptocurrency #investing #finance #financialfreedom #stockmarket #globamarkets

Business booming in India claims MyCrane Digital platform reports surge in client registrations and crane orders from India.   Online crane rental platform MYCRANE says it has seen a surge in new client registrations and project enquiries from the Indian market. The company has recently processed customer orders for crawler, rough terrain and telescopic cranes with a capacity of up to 300 tonnes for engineering, procurement, and construction companies Larsen & Toubro (L&T), Tata Projects and KEC International Ltd. The cranes are being deployed on a pan-India basis, with MyCrane-enabled lifting projects also currently underway in Maharashtra, Gujarat and Rajasthan, among other locations. MyCrane claims the latest customer registrations reflect the diverse appeal of its platform. New clients include: Reliance Industries Limited, owner of the largest oil refinery in the world; Adani Ports and SEZ (Mundra Port); the multinational Hindustan Construction Company Limited (HCC); and petrochemical company Nayara Energy. “MyCrane is making great strides in India, which is an enthusiastic proponent of digital tools in all aspects of business and personal life,” said Andrei Geikalo, MyCrane founder and CEO. “It is very encouraging to see the platform being so well supported – both by our ever-growing customer base and by top crane rental companies across the country.” Amit Khurana, of registered client KEC International, said: “Having used MyCrane for around a year we welcome the innovation that has been provided by the platform. We appreciate not having to manually contact different equipment providers with the same request, as MyCrane allows us to conveniently post our requirements in one place, then receive a broad range of quotes in a standardised format, with all the information we need. This encourages efficiency and improves our business processes.” MyCrane says India is one of its three key focus markets, along with the USA and Saudi Arabia. Other recent customer registrations in India include: •              Arjas Steel , Tadipatri, Andhra Pradesh •              Tata Chemicals, Mithapur, Gujarat •              AFCONS Infrastructure Limited - A Shapoorji Pallonji Group Company Infrastructure Ltd, Mumbai, Maharashtra •              Dilip Buildcon Ltd., Bhopal, Madhya Pradesh •              Chambal Fertilisers and Chemicals Limited Fertilizers and Chemicals, Kota, Rajasthan •              Shapoorji Pallonji - Engineering & Construction (SP E&C) & Company, Pune, Maharashtra •               ITD Cementation India Limited Cementation, Maharashtra •              Patel Infrastructure Limited, Ahmedabad, Gujarat •              Jhajharia Nirman Limited, Bilaspur, Chhattisgarh •              V.O.Chidambaranar Port Authority Port Trust, Tuticorin, Tamil Nadu •              MKC Infrastructure Ltd - India, Anjar, Gujarat •              PSP Projects Limited, Ahmedabad, India Image: Andrei Geikalo (right) with Mr.Rajiv waichal, MyCrane India Luke King

UltraTech Rolls Out 100 EV Trucks to Revolutionize Green Logistics! After a successful pilot in January with five electric trucks, UltraTech Cement is taking a giant leap towards sustainable logistics. The company is deploying 100 EV trucks to transport clinker along a 400-km route between its facilities in Madhya Pradesh and Maharashtra. This move is part of UltraTech’s ambitious plan to integrate 500 EV trucks by next June under the Government’s eFAST initiative. By switching from fossil fuel-based trucks to EVs, UltraTech is set to reduce transport emissions by 17,000 tonnes of CO2 annually, a significant step toward its net-zero goal by 2050. Kailash Jhanwar, Managing Director of UltraTech Cement, emphasized the company’s commitment to driving innovation and adopting sustainable practices to transform logistics for a greener future. How do you see EV adoption reshaping the logistics industry? Share your thoughts! UltraTech Cement|Vivek Agrawal #UltraTechCement #ElectricVehicles #GreenLogistics #Sustainability #NetZero #Innovation

Excellent initiative for electrification of HCV for closed circuit movement. This initiative will certainly encourage electrification of other similar logistic services. Major take aways for Govt - saving of fossil fuel leading to significant import reduction and major reduction in tailpipe emissions.

Explore #Mobile_Loading_Machine Market: Growth, Demand and New Opportunities Report by Value Market Research. >> https://lnkd.in/dSu-FWV4 A mobile #loading machine is a versatile piece of #equipment used in numerous #industries for loading and unloading #materials. These machines are designed to be highly #mobile, often featuring wheels or #tracks for easy #movement. They come equipped with different #attachments, such as buckets, forks, or #conveyors, to handle a wide range of #materials, from bulk goods to #pallets. These machines are essential in #sectors like construction, #mining, agriculture, and #logistics, where they enhance #operational efficiency by facilitating quick and efficient material #handling and transport. FMH Conveyors Hitachi Construction Machinery Caterpillar Inc. Larsen & Toubro LiuGong Machinery #industrialequipment #technologies #marketgrowth #innovationmanagement #loadingmachine #transport #mobileloading