Paradeep Parivahan puts 45 electric trucks on UltraTech's cement run
The nano-cap logistics firm deploys one of India's largest electric heavy-duty fleets for UltraTech Cement, cutting 2.9M litres of diesel a year. Contract value is undisclosed.
— 1 earlier story on Paradeep Parivahan Ltd. →What's new
- Paradeep Parivahan begins deploying 45 EIM Ashwa electric heavy-duty trucks for UltraTech Cement.
- The trucks will move clinker 250 km across three states from Rajasthan to Delhi-NCR.
- Annual emission reduction of 8,900 tonnes of CO2 and 2.9 million litres of diesel saved.
Why this matters
This is a landmark order for a nano-cap logistics company — one of the largest electric truck rollouts in India's cement sector. The tie-up with UltraTech, the world's largest cement maker outside China, gives Paradeep Parivahan a credibility boost in green logistics. But without a contract value, the financial impact on its ₹386 crore trailing revenue is unclear.
What we're watching
- Whether Paradeep Parivahan discloses the contract value or expected revenue contribution.
- If this leads to more EV logistics contracts with other cement or bulk freight clients.
- Execution risk: running 45 heavy-duty EVs on a 250 km corridor across three states.
The full read
Paradeep Parivahan, a ₹285 crore market-cap logistics firm, has started deploying 45 electric heavy-duty trucks for UltraTech Cement, one of the largest such rollouts in India's cement sector. The trucks, supplied by Energy In Motion, will haul clinker 250 km from Rajasthan to Delhi-NCR, saving an estimated 2.9 million litres of diesel and cutting 8,900 tonnes of CO2 annually. For a nano-cap that reported ₹16 crore net profit in the March quarter, this association with the world's largest cement maker outside China is a credibility coup. But the missing contract value makes it hard to gauge the revenue lift. The story is strategic promise, not financial proof.
Questions answered
- What is the financial value of the UltraTech electric truck contract?
- The company did not disclose the contract value or expected revenue contribution. Based on the scale (45 trucks, 250 km corridor), it could be meaningful but is not quantified.
- How does this affect Paradeep Parivahan's revenue?
- The company's trailing twelve-month revenue is about ₹386 crore. Without a contract value, the materiality is unclear. The latest quarter (Mar 2026) had sales of ₹235 crore, net profit ₹16 crore.
- Why is this deployment considered significant?
- It is one of the largest electric heavy-duty truck rollouts in India's cement sector. The partnership with UltraTech, a global leader, strengthens Paradeep Parivahan's position in green logistics.
- What are the environmental benefits claimed?
- The project is expected to cut over 8,900 tonnes of CO2 emissions and replace approximately 2.9 million litres of diesel annually.
- Who are the key partners in this deployment?
- Paradeep Parivahan is deploying the trucks in collaboration with Energy In Motion (EIM), which supplies the EIM Ashwa electric heavy-duty trucks.
- What is the route covered by these electric trucks?
- The fleet will transport clinker from UltraTech's integrated plant in Rajasthan to its grinding units in the Delhi-NCR region, a corridor of about 250 kilometres across three states.
Paradeep Parivahan Ltd.
Latest quarter · Mar 2026
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All notes on PPARIVAH →- 17 Jun 2026 · 11:10 AM IST Paradeep Parivahan puts 45 electric trucks on UltraTech's cement run
- 45d ago Paradeep Parivahan grows standalone revenue by 15% in FY26