Telangana greenlights Auto LPG for 40,000 new autorickshaws in Hyderabad
In a major boost to India's
clean mobility transition
, the Telangana government has approved the inclusion of
Auto LPG
as an authorised fuel for 40,000 new eco-friendly
autorickshaws
within the Outer Ring Road (ORR) limits of Hyderabad. The move has been welcomed by the
Indian Auto LPG Coalition
(IAC) as a significant step toward reducing vehicular emissions and improving
urban air quality
.
The IAC described the decision as a forward-thinking intervention in India's ongoing fight against air pollution and a timely recognition of Auto LPG's potential in a diverse clean-fuel ecosystem.
Auto LPG Gains Policy Traction in Telangana
Speaking on the development, Suyash Gupta, Director General of IAC, said, 'Telangana government's decision to include Auto LPG as an
eco-friendly fuel
is a positive and timely move in India's fight against rising urban pollution. Including Auto LPG in alternative fuel policies not only helps reduce harmful vehicular emissions but also strengthens India's overall energy security by diversifying our fuel mix.'
Auto LPG, already widely used in several countries, is recognised for being a cost-effective and readily available fuel that offers immediate reductions in harmful vehicular emissions such as carbon monoxide and particulate matter. The IAC emphasised that such policies can deliver fast and scalable results, particularly in urban areas struggling with poor air quality.
Call for Wider Adoption and OEM Support
While welcoming the Telangana move, the IAC also urged other state governments and the Centre to follow suit by formally including Auto LPG in their clean fuel frameworks. The Coalition pointed out that embracing a broad mix of alternative fuels—CNG, electricity, biofuels, and Auto LPG— is essential for an inclusive and effective transition to sustainable mobility.
With over 33 crore petrol and diesel vehicles currently on Indian roads, the IAC argued that an outright ban or phase-out of ICE vehicles is unrealistic in the short term. Instead, incentivising retrofitment to cleaner fuels like Auto LPG offers a practical and consumer-friendly path toward emissions reduction.
Alignment with National Policy Developments
The IAC also applauded the recent move by the Commission for Air Quality Management (CAQM) to restrict the addition of new petrol and diesel vehicles in e-commerce and aggregator fleets in the Delhi-NCR region starting January 1, 2026. This policy shift aligns with the broader national goal of reducing emissions from fleet-based operations, especially in pollution hotspots.
The Indian Auto LPG Coalition reiterated its commitment to working with governments and industry stakeholders to promote fuel diversity and clean transportation. It called on all policymakers to accelerate the adoption of sustainable fuel solutions, particularly in high-density urban centres where the air quality crisis is most severe.
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Time of India
40 minutes ago
- Time of India
Nifty faces key resistance at 25,200 amid geopolitical tensions
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Mint
44 minutes ago
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Top three stocks to buy today, 23 June, as recommended by Ankush Bajaj
On Friday, 20 June, the Indian stock market opened with a sharp gap-down, driven by global nervousness and initial profit-booking. However, as the session progressed, investor sentiment improved, and the market steadily moved upward throughout the day. The recovery was broad-based, reflecting strong buying interest and resilience across key sectors. Top 3 stocks for today, recommended by Ankush Bajaj Why it's recommended:Indus Towers has broken out of a falling wedge pattern on the daily chart — a bullish reversal structure that indicates potential for trend reversal. Additionally, on the 45-minute chart, the stock has confirmed a triangle breakout, adding to the bullish conviction. The Relative Strength Index (RSI) on the daily chart is at 62.90, suggesting strengthening momentum. Key metrics: Resistance level: ₹419 (short-term target) Support level: ₹397 (pattern invalidation level) Pattern: Falling wedge breakout on the daily chart; triangle breakout on the 45-min chart. 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In summary, the technical structure, momentum indicators, options data, and declining volatility all point towards a strong and sustained bullish trend, with 25,600 as the next immediate resistance level. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
an hour ago
- Mint
Corporate largesse hits record ₹5 trillion amid profit slowdown
In a bold display of corporate confidence, Indian companies have handsomely rewarded shareholders with a record ₹4.9 trillion in dividends in FY25, even as profit growth slowed. The generous payout underscores a strategic shift among firms to prioritize returns for investors over aggressive reinvestment, signalling both optimism and caution in a volatile economic climate. A Mint analysis of 496 BSE 500 companies, based on Capitaline data that uses both audited and unaudited numbers (including proposed dividends), shows that dividend payouts rose 11% year-on-year in FY25, outpacing net profit growth of 9.5%. This marks the first such divergence in three years. In contrast, profit jumped 29% in FY24 while dividends grew a modest 7.5%. In FY23 too, firms were less generous, when profit grew 11% but dividend payouts rose only 8.8%. The trend reversal in FY25 points to a strategic recalibration—corporates are choosing to reward shareholders more aggressively even as earnings momentum slows. Also read Companies ring the IPO doorbell, but the reception is cold "Rising dividends outpacing profits reveal corporate confidence in rewarding shareholders despite modest earnings growth," said Akshat Garg, assistant vice-president, Choice Wealth. 'While this signals stability to investors, it may also reflect caution—companies could be limiting reinvestment amid uncertain growth prospects." Meanwhile, beyond just dividends from profits, Hemant Nahata, executive vice president, strategy at Yes Securities, offers a comprehensive view on shareholder payback, factoring in operating cash flows. 'Shareholder returns should be viewed holistically, combining dividends and buybacks," he noted. 'When we evaluate shareholder payback, we focus on how companies deploy their operating cash flows—not just profits. In FY25, Indian corporates returned around 29% of their operating cash flows to shareholders through dividends and buybacks, a marginal rise from 28.8% in FY24 and slightly below 31–32% in FY23, reflecting a consistent payout trend," he highlighted further. While these generous giveaways reached record highs in the previous year, outpacing even the bottomline growth of the companies, it translated into a payout ratio of 35.2% (as a share of profit) in FY25. This ratio remains significantly below the decade's average of 42%, implying companies are distributing more but are also retaining a larger share of earnings compared to historical trends. 'This shows a shift in strategy. Companies are retaining slightly more profits, possibly due to fewer growth opportunities or macro uncertainty," said Pranay Aggarwal, chief executive officer of Stoxkart. Manufacturing firms, in particular, appear cautious. 'Many companies are taking a wait-and-watch approach on capital allocation amid geopolitical uncertainty. Past missteps like the 2022 downturn in chemical firms due to poorly timed capex highlight the risks of aggressive investment, especially in capital-intensive sectors," noted Sreeram Ramdas, vice president, Green Portfolio PMS. Further, since FY22, payout ratios have seen a decline, reflecting cautious optimism in capital allocation. 'The declining payout ratio shows that companies are adjusting dividend policies to align with more conservative cash flow assumptions," Aggarwal added. Also read Is India's premium at risk? As Israel-Iran conflict sparks FPI outflows, valuation debate rages Despite this, around 62% of companies in the sample have been unwaveringly sharing the bounties over the past five years. Among these, around 18% have been bestowing their shareholders with higher dividends each year since 2020-21. In FY25, around 55% of firms doled out higher dividends compared to the previous year while only 17% firms saw a decline. 'The recent rise in dividends is driven more by past profitability and reserves than by sustained earnings growth. If macro headwinds continue, payouts may moderate," said Asutosh Mishra, head, institutional equities, Ashika Stock Broking. Moreover, the top ten dividend payers accounted for roughly 40% of India Inc's total dividend payouts in FY25, distributing a staggering ₹1.9 trillion to investors. 'This reflects confidence from large-cap firms with stable cash flows," said Mishra. 'Some may be using dividends tactically in a high-liquidity environment. A company-specific lens is essential to avoid overinterpretation." Leading the pack was TCS with payouts of over ₹45,000 crore, exemplifying the IT sector's cash-rich dominance. Close behind were HDFC Bank and ITC with payouts nearing ₹17,000-18,000 crore, while Coal India, ONGC, and Vedanta each contributed between ₹15,000-16,000 crore, reflecting the breadth of dividend leadership across sectors. For investors looking at dividend plays, Garg from Choice Wealth stresses the importance of diversification and fundamental strength. 'While reliable dividend payers offer steady income, concentrated exposure increases risk. 'A balanced portfolio with fundamentally strong and consistent dividend-growers is key." This is the first part of a four-part series of data stories on the dividends declared by India Inc.
