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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Paradeep Parivahan Ltd has signed an 8-year agreement with UltraTech Cement Ltd to deploy one of India's largest trans-state electric truck fleets for bulk cement transportation. The EV deployment will run between UltraTech's Rajasthan and Uttar Pradesh facilities, replacing diesel heavy trucks. The project is being executed with Energy In Motion Limited, which is providing charging and battery-swapping infrastructure. The initiative is expected to cut CO2 emissions by an estimated 15,000–20,000 tonnes annually. The company said the deal will add to its existing order book of over ₹300 crore and aligns with its long-term EV and sustainable logistics expansion plans.
Positive for shareholders — a marquee 8-year contract with India's largest cement maker strengthens revenue visibility and adds to the ₹300 crore order book, while positioning the SME-listed company as a green logistics leader; near-term stock reaction may depend on contract value disclosure, which was not specified.