Paradeep Parivahan Limited and Energy In Motion (EIM) have commenced the deployment of approximately 45 EIM Ashwa 4x2, 55-tonne electric heavy-duty tractor trailers for UltraTech Cement Limited. The fleet will transport clinker from UltraTech's integrated manufacturing unit in Rajasthan to its grinding units in the Delhi-NCR region, marking a significant step in decarbonizing long-haul freight logistics in Northern India.

The operational corridor spans Rajasthan, Haryana, and Uttar Pradesh with an average lead distance of approximately 250 kilometres. This deployment represents one of the largest electric heavy-duty truck deployments in the cement sector in Northern India. The project demonstrates the commercial viability of electric vehicles for demanding long-distance logistics operations.

The environmental impact of this initiative is projected to be substantial. The fleet is expected to reduce over 8,900 tons of CO2 emissions annually, displacing an equivalent of about 2.9 million litres of diesel per year. The project utilizes advanced electric truck technology, battery-swapping infrastructure, and operational expertise to achieve a competitive total cost of operation compared to diesel trucking.

Narendra Murkumbi, cofounder and Managing Director of Energy In Motion Ltd., stated that the company offers battery packs and charging or swapping services as a package under its Maitryi model. This model reduces upfront costs by about 40% per vehicle and builds common heavy-duty charging and battery-swapping infrastructure on key routes. He noted that the NCR region is a focus area due to national pollution reduction priorities.

Dr. Khalid Khan, CMD & CEO of Paradeep Parivahan Limited, described the project as a defining moment for India's logistics industry. He emphasized that this deployment proves large-scale freight decarbonization is happening today and will serve as a benchmark for the industry. The collaboration aims to accelerate the adoption of zero-emission freight mobility across India.

Key Project Details

Paradeep Parivahan Limited has announced the adoption of the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). The decision was taken by the Board of Directors at its meeting held on May 22, 2026, in compliance with Regulation 8 read with Schedule A of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The newly adopted code establishes principles and practices to ensure that any information which could impact the price of securities is disclosed promptly, adequately, and uniformly. This measure is intended to prevent the selective disclosure of UPSI and maintain transparency in dealings with all stakeholders. The company stated that the code has been formulated to comply with the provisions of the SEBI regulations as amended from time to time.

Key Principles of Disclosure

Under the new framework, Paradeep Parivahan Limited is required to publicly disclose UPSI as soon as credible and concrete information comes into being. The company must ensure that such information is generally available to avoid selective disclosure. This involves communicating UPSI to stock exchanges and simultaneously disclosing it on the company’s official website.

The code mandates that financial results and investor presentations be made available on the website for public reference. Additionally, the company is required to promptly disseminate any UPSI that may have been disclosed selectively, inadvertently, or otherwise. The policy also outlines protocols for handling queries from news reports and verification of market rumors by regulatory authorities, ensuring that fair responses are provided when necessary.

Governance and Oversight

The Board has designated a Chief Investor Relation Officer (CIRO), who may be the CFO or another senior officer, to oversee the dissemination of information and ensure compliance with the Fair Disclosure Code. The CIRO is responsible for handling communications with stock exchanges, media, and other stakeholders. Employees of the company are prohibited from responding to such enquiries unless specifically authorized by the CIRO or the Managing Director.

To ensure the integrity of its information systems, the company will conduct a periodic audit at least once every financial year. The policy also includes provisions for the determination of "legitimate purposes" for sharing UPSI, such as compliance with legal obligations, contractual requirements, or interactions with statutory authorities.

Implementation Details

The Code of Fair Disclosure is effective from May 22, 2026. It has been communicated to all Directors, Key Managerial Personnel (KMPs), and members of the Management Committee. The updated code is available for inspection by stakeholders on the company’s official website.