Stock Below Rs 200 With Single-Digit PE Commences Deployment Of 45 Electric Heavy-Duty Tractor Trailers For UltraTech Cement

On Wednesday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index gaining 91.30 points, or 0.38 per cent, to 24,080.45. Amid the broader market strength, Paradeep Parivahan share price traded at Rs 132.60, down 1.19 per cent from the previous close. The stock currently trades at a single-digit PE of 9.24 and remains close to its 52-week low of Rs 99.70, significantly below its 52-week high of Rs 234.39.

Paradeep Parivahan Deploys 45 Electric Heavy-Duty Trucks For UltraTech Cement

Paradeep Parivahan (PPL), in partnership with Energy In Motion (EIM), has commenced the deployment of approximately 45 EIM Ashwa 4x2, 55-tonne electric heavy-duty tractor trailers for UltraTech Cement Limited, the world's largest cement company outside China. The fleet will be used for transporting clinker from UltraTech's integrated manufacturing facility in Rajasthan to its grinding units located in the Delhi-NCR region.

According to the company, the initiative represents one of the largest deployments of electric heavy-duty trucks in the cement sector in Northern India and marks a significant step towards zero-emission long-haul freight transportation.

Operations To Span Three States

The operational corridor will cover Rajasthan, Haryana and Uttar Pradesh, with an average transportation distance of approximately 250 kilometres. The deployment is expected to demonstrate the commercial viability of electric heavy-duty vehicles for long-distance Logistics operations.

The project combines electric truck technology, battery-swapping infrastructure and logistics expertise to support large-scale freight transportation while maintaining competitive operating costs compared with conventional diesel vehicles.

Environmental Benefits Of The Project

The company stated that the fleet is expected to reduce more than 8,900 tonnes of carbon dioxide emissions annually while replacing nearly 2.9 million litres of diesel consumption every year. The initiative is aligned with India's sustainability goals, carbon reduction objectives and efforts to promote cleaner logistics operations.

The deployment also highlights increasing adoption of electric mobility solutions in the commercial transportation segment and showcases how integrated vehicle and energy infrastructure can facilitate large-scale decarbonisation of freight transportation.
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Management Commentary

Narendra Murkumbi, Cofounder and Managing Director of Energy In Motion Ltd., said, "EIM is delighted to launch long-haul highway operations in the NCR region with Paradeep Parivahan as our lead customer who, in turn will serve UltraTech Cement Limited, the sector leader driving the industry's transition towards a cleaner, zero-emission future."

Dr Khalid Khan, CMD & CEO of Paradeep Parivahan Limited, said, "This project represents a defining moment for India's logistics industry. For the first time, electric heavy-duty trucks are being deployed at a meaningful scale on a long-haul, high-utilisation industrial corridor spanning multiple states. Through this collaboration with Energy In Motion and UltraTech Cement Limited, we are proving that large-scale freight decarbonization is not a vision for the future; it is happening today."

About Paradeep Parivahan 

Paradeep Parivahan Ltd is a logistics and supply chain solutions provider serving sectors including cement, mining, steel, power and infrastructure. The company offers end-to-end freight mobility services and focuses on operational efficiency, digitalisation and sustainable transportation solutions.

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Disclaimer: The article is for informational purposes only and not investment advice.