VMPL
Bhubaneswar (Odisha) [India], January 23: Paradeep Parivahan Limited (PPL), a BSE SME-listed company and a leading end to end logistic service provider, is pleased to announce that it has entered into an 8-year agreement with UltraTech Cement Limited, India's largest cement manufacturer, for the deployment of EV-based bulk logistics services.
This engagement marks a significant milestone in India's industrial logistics sector, with Paradeep Parivahan deploying one of the country's largest trans-state electric truck fleets for heavy-duty bulk transportation. The initiative demonstrates the commercial and operational viability of electric mobility at scale in long-haul industrial logistics.
The electric mobility program is being executed for UltraTech Cement Limited, a global leader in sustainable building materials, whose continued focus on reducing carbon intensity across its value chain aligns strongly with Paradeep Parivahan's sustainability-first logistics strategy. The project involves the deployment of electric vehicles between UltraTech's Rajasthan to Uttar Pradesh facilities, replacing conventional diesel-powered heavy trucks on this high-volume industrial route.
The proposed deployment is expected to deliver a significant reduction in carbon dioxide (CO₂) emissions, estimated at approximately 15,000-20,000 tonnes annually, by replacing conventional fossil-fuel-based transportation with electric mobility solutions. This transition will enable cleaner freight movement, materially lower environmental impact, and enhance sustainability performance across the logistics value chain.
Together, Paradeep Parivahan Limited, UltraTech Cement Limited, and Energy In Motion Limited form a high-impact sustainability partnership, establishing a strong benchmark for green industrial logistics in India. The initiative also aligns with Government of India programs such as PM E-DRIVE, as well as broader global ESG objectives.
The EV ecosystem for the project is being enabled in collaboration with Energy In Motion Limited (EIM), which is providing charging infrastructure, battery-swapping solutions, and operational support. This collaboration ensures a reliable, scalable, and future-ready electric freight solution.
The agreement was executed in the presence of senior representatives from all three organisations, including Mr. Subhash Mohnot and Mr. Sanjay Parmar from UltraTech Cement Limited, Mr. A. Basith Shaikh from Paradeep Parivahan Limited, Mr. Amit Agarwal and Mr. Ajay Sarawat from Energy In Motion Limited.
Commenting on the development, Dr. Khalid Khan, Chairman & Managing Director, Paradeep Parivahan Limited, said:
"We are delighted to partner with UltraTech Cement Limited and add such a marquee client to our portfolio. This agreement represents not only a significant milestone for our Company but also a defining step towards shaping the future of sustainable industrial logistics in India. Our first large-scale EV-based logistics engagement reflects a shared commitment to sustainability, operational efficiency, and green mobility solutions. As logistics partners to some of India's leading industrial groups, we will continue to invest in electric mobility and modern logistics infrastructure to support our clients' ESG objectives while delivering reliable and efficient services. This engagement further strengthens our long-term growth strategy and our role in enabling sustainable industrial logistics."
The agreement is expected to contribute positively to Paradeep Parivahan Limited's existing order book of over ₹300 crore and aligns with the Company's long-term vision of expanding its EV fleet and sustainable logistics capabilities across key ports and industrial corridors.
About Paradeep Parivahan Limited
Paradeep Parivahan Limited is a BSE SME-listed company (BSE Code/Symbol: 544383 / PPARIVAH), founded in 2000 under the leadership of its Chairman & Managing Director, Dr. Khalid Khan. Headquartered at Paradip Port, Odisha, the Company is a leading provider of integrated logistics, supply chain solutions, and port services.
PPL offers end-to-end capabilities across cargo handling, port operations, intra-port transportation, and multimodal logistics. Serving key industrial sectors across India and global markets, the Company's strong fleet, operational expertise, and innovation-driven approach continue to enhance efficiency, transform supply chains, and strengthen India's trade and logistics ecosystem along the eastern coast.
The Company serves marquee clients including IFFCO, JSW Group companies, Tata Group companies, Ripley Stevedoring, JM Baxi, among others.
For more information:
https://www.paradeepparivahan.com
https://www.bseindia.com/stock-share-price/paradeep-parivahan-ltd/pparivah/544383
For media enquiries:
info@paradeepparivahan.com
Paradeep Parivahan Limited
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)