State-run Convergence Energy Services Ltd (<keyword id="10463872" type="General" weightage="100" keywordseo="cesl" source="Orion">CESL</keyword>) on Thursday launched the biggest ever tender worth about Rs 5,500 crore to procure as many as 5,580 electric buses including 130 double deckers. CESL, a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), on Thursday announced the floating of a request for proposals for the biggest ever demand for electric buses, under the '<keyword id="3770942" type="General" weightage="50" keywordseo="grand-challenge" source="Orion">Grand Challenge</keyword>' -- a set of homogenized demand for electric buses aggregated across five major cities, according to a statement. It said the tender value is estimated to be Rs 5,500 crore. The cities to be covered under this "Grand Challenge" are Bangalore, Delhi, Surat, Hyderabad, and Kolkata in the first phase. The first lot of e-buses are expected to hit the roads by July this year, it added. Through this 'Grand Challenge', CESL aims to deploy 5,450 single decker buses and 130 double decker buses. "This <keyword id="12993980" type="General" weightage="20" keywordseo="grand-challenge-tender" source="Orion">Grand Challenge Tender</keyword> represents efforts by so many people STUs, OEMs, financiers, <keyword id="2665691" type="General" weightage="20" keywordseo="niti-aayog" source="Orion">Niti Aayog</keyword>, DHI and of course my colleagues. This is the biggest ever scheme in the world, and is based on an innovative, asset-light model that makes it possible for STUs to deploy affordably and at scale," Mahua Acharya, MD &amp; CEO, CESL said. CESL intends to enhance its support to state governments in achieving their electric mobility targets as well as further build an infrastructure for electric mobility in the country. "Standardizing tendering conditions in diverse cities is a big step towards the transformation of public transport in India. Participation in the Grand Challenge is a commendable effort from STUs, who I am sure will stand to gain from economies of scale through the aggregation of demand by CESL," Amitabh Kant, CEO, NITI Aayog said. This is seen as a big step in the series of initiatives to fulfill the commitments made by Prime Minister Narendra Modi for making India a Net Zero nation by 2050 and getting closer to achieving <keyword id="407916" type="General" weightage="20" keywordseo="energy-independence" source="Orion">Energy Independence</keyword> by 2047, the statement said. "I am pleased to announce today that Delhi has requested 1,500 buses under the Grand Challenge and stands ready to offer state subsidies where they are required. We are aggressively pursuing electric mobility and I commend CESL for its efforts to standardize the terms and conditions for how this is delivered," Kailash Gahlot, Transport &amp; Environment Minister of Delhi said. The benefits of participating in the Grand Challenge include lower prices realized due to aggregate demand, high quality benchmarked technology, access to FAME-II incentives, access to state incentives, air quality improvement, and access to domestic and international sources of finances. Keeping in mind the changing environment, where climate change related issues and energy independence have turned the focus on EVs, CESL will later be expanding support to more cities. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/bring-ev-financing-under-priority-sector-lending-urges-smev/articleshow/89013954.cms">Bring EV financing under priority sector lending, urges SMEV</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/crypto-mining-continues-to-get-more-difficult-despite-crackdowns/articleshow/89013587.cms">Crypto mining continues to get more difficult despite crackdowns</a>

CESL launches biggest ever tender worth ₹5,500 crore for 5,580 electric buses

Tata Motors, India's largest commercial vehicle manufacturer on Friday announced that Bengaluru Metropolitan Transport Corporation (BMTC) has signed a definitive agreement with its fully owned subsidiary, <keyword id="15809114" type="General" weightage="20" keywordseo="TML-Smart-City-Mobility-Solutions" source="Orion">TML Smart City Mobility Solutions</keyword> Ltd. for operation of 921 electric buses in the capital city of Karnataka. As part of the agreement, TML Smart City Mobility Solutions Ltd. will supply, operate and maintain 921 units of 12-metre low-floor electric buses for a period 12 years. Tata Starbus Electric is an indigenously developed vehicle with superior design and best-in-class features for sustainable and comfortable commute. Commenting on the announcement, G. Sathyavathi, IAS, Managing Director, Bengaluru Metropolitan Transport Corporation said: "We are confident that the induction of the zero-emission, eco-friendly buses will benefit all stakeholders and help in curbing air pollution. Tata Motors' vast experience in the electric mobility domain will certainly assist in providing uninterrupted, safe and comfortable commute in the city." Asim Kumar Mukhopadhyay, CEO and MD, TML Smart City Mobility Solutions Limited, said: "It is a momentous occasion for us as we sign the first definitive agreement under the larger CESL tender and are delighted to have partnered with BMTC in their effort to modernise and electrify the public transportation in the city of Bengaluru. We, at Tata Motors, continuously endeavour to develop smart, green and energy efficient mass mobility solutions. We are confident that the electric buses will provide sustainable, safe and comfortable public transportation to the commuters of Bengaluru." Tata Motors' research and development facilities have steadily worked to engineer innovative mobility solutions powered by alternate fuel technology, including battery-electric, hybrid, CNG, LNG and Hydrogen Fuel Cell technology. Till date, Tata Motors has supplied more than 730 electric buses across multiple cities in India, which have cumulatively clocked more than 55 million km, with an uptime of over 95 per cent. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/how-indians-have-spent-their-money-on-swiggy-in-2022/slidelist/96285686.cms">Spending ₹75,000 on an order to buying groceries worth ₹16.6 lakh, here’s how Indians used Swiggy in 2022</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/upcoming-electric-scooters-in-india-in-2023/articleshow/96278794.cms">From Suzuki and TVS to Hero Electric: Here are some of the top electric scooters expected to launch in 2023</a>

Tata Motors subsidiary to operate 921 electric buses in B'luru

India on Thursday successfully carried out test fire of <keyword id="42900" type="General" weightage="100" keywordseo="brahmos" source="Orion">Brahmos</keyword> missile with enhanced capabilities. The <keyword id="152819" type="General" weightage="20" keywordseo="defence-research-and-development-organisation" source="Orion">Defence Research and Development Organisation</keyword> (DRDO) in a statement said that Brahmos supersonic cruise missile with increased indigenous content and improved performance was successfully test fired at 10.30 a.m. from <keyword id="58540" type="General" weightage="20" keywordseo="integrated-test-range" source="Orion">Integrated Test Range</keyword>, Chandipur off the coast of Odisha. The launch was conducted by <keyword id="129898" type="General" weightage="20" keywordseo="brahmos-aerospace" source="Orion">Brahmos Aerospace</keyword> in close coordination with DRDO teams. In this text book flight, the missile followed the predicted trajectory, meeting all mission objectives. The flight test is a major milestone in the way forward for Brahmos programme. The highly manouverable missile cruised at supersonic speed for its maximum range and all mission objectives were met. The missile was equipped with the advanced indigenous technologies and followed a modified optimal trajectory for enhanced efficiency and improved performance. The missile with the modified control system has been fine tuned to achieve an enhanced capability. This flight test was monitored by all the sensors of the range instrumentation including telemetry, radar and electro-optical tracking systems deployed across the eastern coast and the down range ships. Teams from DRDO and NPOM Russia participated in the test. Brahmos Aerospace the Joint Venture between India's DRDO and Russia's NPOM has been continuously upgrading the powerful, highly versatile BrahMos to increase its effectiveness and lethality against sea and land targets. Brahmos is the potent missile weapon system already inducted into the Armed Forces. Defence Minister <keyword id="6355121" type="General" weightage="20" keywordseo="rajnath-singh" source="Orion">Rajnath Singh</keyword> complimented the Brahmos, DRDO teams and industry for the successful flight test. G. Satheesh Reddy, Chairman DRDO, appreciated the scientists and engineers for continuously putting efforts to maximise the weapon systems efficiency and more focus on indigenous content. Director General <keyword id="12994731" type="General" weightage="20" keywordseo="brahmos-atul-d-rane" source="Orion">Brahmos Atul D. Rane</keyword> congratulated the joint teams of NPOM Russia and DRDO teams involved in the test. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/cesl-launches-biggest-ever-tender-worth-5500-crore-for-5580-electric-buses/articleshow/89016097.cms">CESL launches biggest ever tender worth ₹5,500 crore for 5,580 electric buses</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/maharashtra-government-allows-reopening-of-schools-for-classes-1-to-9-from-january-24/articleshow/89015882.cms">Maharashtra government allows reopening of schools for classes 1 to 9 from January 24</a>

India successfully test fires new version of Brahmos missile

The government of Telangana has deposited ₹7,411.52 crore into the bank accounts of 62.99 lakh farmers in the state so far under the <keyword id="6423211" type="General" weightage="100" keywordseo="rythu-bandhu" source="Orion">Rythu Bandhu</keyword> scheme for the coming Rabi season. The investment support under the state's flagship scheme will cover 1,48,23,000 acres across the state, said Agriculture Minister <keyword id="11983590" type="General" weightage="20" keywordseo="s-niranjan-reddy" source="Orion">S. Niranjan Reddy</keyword>. Among the districts, Nalgonda received the highest assistance of ₹601.74 crore, benefitting 4,69,696 farmers. <keyword id="8596137" type="General" weightage="20" keywordseo="medchal-malkajgiri" source="Orion">Medchal Malkajgiri</keyword> district adjoining Hyderabad received the least assistance of ₹33.65 crore. The amount was deposited in the accounts of 33,452 farmers. Under Rythu Bandhu, the government credits ₹5,000 per acre into the farmers' bank accounts before the beginning of every crop season. For the Rabi season, the disbursement target is ₹7,646 crore. The authorities began depositing the amount in the farmers' accounts in the last week of December. When the scheme was launched in 2018, the state government was providing ₹8,000 per acre per year (for both Rabi and Kharif seasons). The amount was enhanced to ₹10,000 from 2019. On January 10, the cumulative assistance provided under the scheme touched the ₹50,000 crore mark. <keyword id="180385" type="General" weightage="20" keywordseo="niranjan-reddy" source="Orion">Niranjan Reddy</keyword> said Rythu Bandhu, the brainchild of Chief Minister <keyword id="11934689" type="General" weightage="20" keywordseo="k-chandrasekhar-rao" source="Orion">K. Chandrasekhar Rao</keyword>, is proving a boon for farmers and it has helped transform agriculture in the state. He claimed that no other state in the country is implementing such a scheme for the welfare of farmers. He demanded that the Central government announce a national policy for the welfare of farmers. Stating that farmers were facing a lot of problems due to shortage of farm labourers, Niranjan Reddy reiterated the demand that the Central government should link National Rural Employment Guarantee Scheme (NREGS) with the agriculture sector. He said the state governments should fix the Minimum Support Price (MSP) considering the crop cultivation and other factors in their respective regions and the Centre should procure the entire produce at MSP. He said it was unfortunate that the Centre was doing nothing except declaring MSP and demanded the Union government to implement recommendations of the Swaminathan Committee. "The Centre should bring a change in its approach towards agriculture as 60 per cent of the country's population is dependent on this sector," he said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/defense/news/india-successfully-test-fires-new-version-of-brahmos-missile/articleshow/89016230.cms">India successfully test fires new version of Brahmos missile</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/cesl-launches-biggest-ever-tender-worth-5500-crore-for-5580-electric-buses/articleshow/89016097.cms">CESL launches biggest ever tender worth ₹5,500 crore for 5,580 electric buses</a>

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CESL launches biggest ever tender worth ₹5,500 crore for 5,580 electric buses

PTI

Tata Motors subsidiary to operate 921 electric buses in B'luru

IANS

India successfully test fires new version of Brahmos missile

IANS

Rythu Bandhu scheme - Telangana government deposits ₹7,400 crore into the bank accounts of 62 lakh farmers

IANS