Announced Tue, 16 Jun · 17:50 IST
Associate EIM deploys 45 electric trucks for UltraTech Cement logistics
Business Updates View source PDF
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹143.43
prior close
₹143.66
base price
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AI summary
Ravindra Energy's associate company EIM, along with Paradeep Parivahan, has begun deploying ~45 EIM Ashwa 4x2 55-tonne electric heavy-duty tractor trailers for UltraTech Cement. The fleet will transport clinker from UltraTech's Rajasthan plant to Delhi-NCR grinding units, spanning Rajasthan, Haryana, and UP (~250 km). Projected to cut ~8,900 tons of CO2 and displace ~2.9 million liters of diesel annually. Called one of the largest such deployments in Northern India's cement sector.
Likely market impact
Positive sentiment for associate EIM; indirect exposure to growing EV freight segment, but no direct order for Ravindra Energy.