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Paradeep Parivahan to deploy EV-based bulk logistics services for UltraTech Cement

Paradeep Parivahan Ltd. | Port | Transportation & Logistics | BSE: 544383 | NSE:

23 Jan 2026 Evaluate

Paradeep Parivahan has entered into an 8-year agreement with UltraTech Cement, India’s largest cement manufacturer, for the deployment of EV-based bulk logistics services. The company will deploy 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 agreement is expected to contribute positively to the company’s existing orderbook of over Rs 300 crore and aligns with its long-term vision of expanding its EV fleet and sustainable logistics capabilities across key ports and industrial corridors.

The electric mobility program is being executed for UltraTech Cement whose continued focus on reducing carbon intensity across its value chain aligns strongly with the company’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 EV ecosystem for the project is being enabled in collaboration with Energy In Motion, which is providing charging infrastructure, battery-swapping solutions, and operational support. This collaboration ensures a reliable, scalable, and future-ready electric freight solution.

Together, the company, UltraTech Cement, and Energy In Motion 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 EDRIVE, as well as broader global ESG objectives.

Paradeep Parivahan is engaged in transporters, packing & handling of bulk of materials, to purchase or lease movable and immovable property.

Paradeep Parivahan Share Price

145.00 -6.30 (-4.16%)

13-Apr-2026 10:04 View Price Chart

Peers

Company Name	CMP
Adani Ports &Special	1455.00
JSW Infrastructure	263.90
Gujarat Pipavav Port	149.45
Paradeep Parivahan	145.00
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Paradeep Parivahan to deploy EV-based bulk logistics services for UltraTech Cement

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