NITI Aayog & Netherlands Embassy Release Report on LNG Transport Fuel

NITI Aayog and the Embassy of the Kingdom of the Netherlands
NITI Aayog and the Embassy of the Kingdom of the Netherlands unveiled a report titled ‘LNG as a Transportation Fuel in Medium and Heavy Commercial Vehicles’ at India Energy Week. The report is the first outcome of their collaborative partnership established in 2020 under a Statement of Intent (SoI) in energy transition.

The joint launch of the report was graced by dignitaries including Shri. Suman Bery, Vice Chairperson of NITI Aayog, and H.E. Frederik Wisselink, Energy Envoy of the Netherlands. Shri Praveen Mal Khanooja from the Ministry of Petroleum and Natural Gas, H.E. Mrs. Marisa Gerards, Ambassador of the Netherlands, Ms. Mansi Tripathy from SHELL Group, and Shri Kamal Kishore Chatiwal from Indraprastha Gas Limited were also present.

Shri Suman Bery highlighted the report's focus on leveraging LNG as a fuel source in commercial vehicles and its insights into coordination challenges faced by stakeholders.

Frederik Wisselink emphasized the Netherlands' expertise in clean energy and its commitment to collaborating with India in the energy sector, particularly in green hydrogen initiatives.

Shri Praveen Mal Khanooja underscored the report's strategies to achieve 15% gas share in primary energy supply and the goal of Net Zero by 2070, aligning with the ministry's multipronged approach towards LNG adoption.

H.E. Marisa Gerards lauded the partnership's contribution to sustainable development and highlighted the pivotal role of the private sector in driving innovation towards a greener future.

The report delves into challenges and barriers for LNG adoption in India and proposes actionable solutions, emphasizing the need for a transparent implementation framework driven by near-term goals of demand creation and market seeding.
India's Bullet Train Project to Introduce J-Slab Track System

India's Bullet Train Project to Introduce J-Slab Track System

The Mumbai-Ahmedabad Bullet Train project is set to introduce the innovative J-Slab track system, a first in India, modeled after the Japanese Shinkansen track system. Covering 352 km across Gujarat & DNH, the project entails

Read more ...

Kalpataru to Redevelop 4-Acre Mumbai Society

Kalpataru to Redevelop 4-Acre Mumbai Society

Kalpataru, a prominent real estate developer, is set to revamp a four-acre housing society in Mumbai. This ambitious project focuses on improving resident amenities and revitalizing local infrastructure. Positioned in Mumbai

Read more ...

NHAI Plans Groundbreaking Self-Repairing Road Technology

NHAI Plans Groundbreaking Self-Repairing Road Technology

The National Highways Authority of India (NHAI) is set to introduce a revolutionary road maintenance technology in the country. This innovative approach involves utilizing a new type of asphalt infused with steel fiber and bitumen.

Read more ...

Madurai Highways Dept Initiates Land Acquisition for 4-Way Bypass Road

Madurai Highways Dept Initiates Land Acquisition for 4-Way Bypass Road

Following the completion of the Kochadai grade separator, which facilitates smoother city traffic flow up to Virattipattu via HMS Colony, the State Highways Department (NH wing) has commenced land acquisition for the construction

Read more ...

DP World inaugurates Grade A warehouse in Goa

DP World inaugurates Grade A warehouse in Goa

DP World has inaugurated warehousing operations in Loutulim, Goa, boasting a Grade A facility situated 31 km from Mormugaon Port, 23 km from Dabolim airport, and 25 km from Panjim city, with full safety compliance and convenient

Read more ...

Indian Construction Equipment Industry Witnesses 26% Sales Growth

Indian Construction Equipment Industry Witnesses 26% Sales Growth

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment (CE) industry has recorded a 26% increase in overall sales volume for FY 2023-24, surpassing

Read more ...

Ind-Ra Maintains Neutral Outlook for Construction Sector for FY25

Ind-Ra Maintains Neutral Outlook for Construction Sector for FY25

India Ratings and Research (Ind-Ra) has reaffirmed a neutral outlook on the construction sector for FY25, while highlighting a deteriorating sub-sector outlook for roads engineering, procurement, and construction (EPC).

Read more ...

Max Estates Seals Deals for Residential Development Worth ₹9,000 Cr

Max Estates Seals Deals for Residential Development Worth ₹9,000 Cr

Max Estates has finalized binding agreements for a potential group housing residential development spanning 18.23 acres of land in Gurugram. With an estimated gross development value (GDV) surpassing ₹9,000 crore, this project covers

Read more ...

Kuehne+Nagel India launches e- vehicles to decarbonise its road services

Kuehne+Nagel India launches e- vehicles to decarbonise its road services

Kuehne+Nagel has partnered with Magenta Mobility to provide electric vehicles (EVs) for its road logistics operations in India. “As part of our Roadmap 2026 and Vision 2030 to become the most trusted supply chain partner supporting

Read more ...

ArcelorMittal Reports Strong 2024 First Quarter Earnings

ArcelorMittal Reports Strong 2024 First Quarter Earnings

ArcelorMittal unveiled its first-quarter earnings for 2024, showcasing improved performance driven by rebounding volumes and increased steel spreads. Adjusted steel shipments surged by 5.0% in the first quarter of 2024 compared

Read more ...

SM REITs to Unlock ₹68,000-71,000 Cr Monetisation Opportunity: ICRA

SM REITs to Unlock ₹68,000-71,000 Cr Monetisation Opportunity: ICRA

According to a report by ICRA, the introduction of Small and Medium REITs (SM REITs) regulations could potentially unlock a monetisation opportunity of ₹68,000-71,000 crore for small office spaces. Rajeshwar Burla, Senior

Read more ...

Max Estates Secures ₹388 Cr Investment from New York Life

Max Estates Secures ₹388 Cr Investment from New York Life

Max Estates Limited, the real estate arm of the Max Group, unveiled a significant strategic investment of ₹388 Crore from New York Life Insurance Company, America’s largest mutual life insurer[1]. Under the agreement, upon

Read more ...

Jindal Stainless announces ₹5400-cr investment strategy

Jindal Stainless announces ₹5400-cr investment strategy

Jindal Stainless has unveiled a comprehensive investment strategy totalling nearly ₹5,400 crores, aimed at expanding its melting and downstream capacities, alongside strategic acquisitions, with the goal of positioning itself

Read more ...

Dalmia Transport selects Roadzen’s DrivebuddyAI to enhance fleet safety

Dalmia Transport selects Roadzen’s DrivebuddyAI to enhance fleet safety

Roadzen Inc., an insurance technology company, has announced that Dalmia Transport & Logistics ("Dalmia") has selected Roadzen's proprietary ADAMATICS technology platform, DrivebuddyAI, for its fleet operations for five years.

Read more ...

KEC International Secures Diverse Orders Worth ₹1,036 Cr

KEC International Secures Diverse Orders Worth ₹1,036 Cr

KEC International Ltd., an RPG Group Company and a prominent global infrastructure EPC major, has announced the acquisition of new orders valued at ₹1,036 crores across its various business segments. These orders encompass a wide range

Read more ...

Construction Pace Expected to Slow in FY25, Says CareEdge Ratings

Construction Pace Expected to Slow in FY25, Says CareEdge Ratings

According to CareEdge Ratings, the pace of construction in India is projected to decline by 7-10% in FY25 due to heightened execution challenges. Although the construction pace for National Highways saw a healthy increase

Read more ...

DBF and KVB Partner for Rural Youth Skill Development

DBF and KVB Partner for Rural Youth Skill Development

Dalmia Bharat Foundation (DBF) and Karur Vysya Bank (KVB) have signed an MoU to empower rural youth through skill development. The initiative aims to train 400 individuals across Tamil Nadu, Andhra Pradesh, and Karnataka, offering

Read more ...

Rockwell Automation to Open New Manufacturing Facility in Chennai

Rockwell Automation to Open New Manufacturing Facility in Chennai

Rockwell Automation, the world's largest company dedicated to industrial automation and digital transformation, has announced plans to establish a new manufacturing facility in Chennai, India. Spanning 98,000 square feet with provisions

Read more ...

Construction sector entities’ revenues to grow by 12-15% in FY25: ICRA

Construction sector entities’ revenues to grow by 12-15% in FY25: ICRA

ICRA anticipates the construction industry in India to sustain a robust revenue growth trajectory in FY2025, projecting a year-on-year growth of 12-15% following an impressive 18-20% revenue growth in FY2024. The Government's emphasis

Read more ...

To get latest updates on whatsapp, Save +91 93545 87773 and send us a 'Saved' message
Click Here to Subscribe to Our eNewsletter.