TCI targets carbon neutrality by FY 2040
Transport Corporation of India filed its BRSR for FY26, reporting a turnover of ₹43,526 million and detailing its path to carbon neutrality by FY 2040. The company employs 13,680 people and has reduced CO₂e emissions by 0.19 million tonnes through multimodal logistics and cleaner fuels.
*this image is generated using AI for illustrative purposes only.
Transport Corporation of India filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, outlining its strategy to achieve carbon neutrality by FY 2040. The logistics company reported a turnover of ₹43,526 million and a net worth of ₹23,808 million for the period. The disclosure was submitted to the BSE and NSE on July 06, 2026, in compliance with Regulation 34(2)(f) of the SEBI Listing Regulations.
The company’s operations are divided into three main segments: Freight Transport, Supply Chain Solutions, and Coastal Transportation. Freight Transport accounted for 41.10% of the turnover, while Supply Chain Solutions contributed 42.80% and Coastal Transportation 15.00%. The company serves a diverse customer base across sectors such as automotive, chemicals, and retail, with a presence in India and three international countries: Bangladesh, Nepal, and the UAE.
Workforce and Governance
Transport Corporation of India employed a total of 13,680 individuals as of March 31, 2026, comprising 4,776 employees and 8,904 workers. The workforce included 163 female employees and 855 female workers. The Board of Directors consisted of 10 members, with two women, representing a 20% female representation. Key Management Personnel numbered eight, with one woman.
The company reported no fines, penalties, or settlements with regulatory bodies during the financial year. It maintains an anti-corruption policy embedded within its Ethics and Whistle Blower Policy, which is accessible on its website. The highest authority responsible for sustainability implementation is Mr. Vineet Agarwal, Managing Director.
Environmental Initiatives
To mitigate environmental impact, the company is pursuing a decarbonization strategy aligned with achieving carbon neutrality by FY 2040. Initiatives include transitioning to rail-based multimodal logistics, adopting CNG and electric vehicles, and implementing energy efficiency measures. During FY 2025-26, the company moved close to 3,000 rail rakes and carried over 1.5 lakh TEUs via its coastal shipping fleet, TCI Seaways.
The deployment of cleaner fuel vehicles increased significantly, with BS-VI trips rising to 5.60 lakh and CNG movements to 71,000. The company also inducted its first two methanol-fired ships and expanded its electric truck fleet to 100 vehicles. These efforts contributed to a total reduction of 0.19 million tonnes of CO₂e during the year.
Social and Community Impact
The company allocated 0.12% of its total revenue to employee well-being measures. All permanent employees and workers were covered by health and accident insurance. The company also engaged in Corporate Social Responsibility (CSR) activities, focusing on education, healthcare, and sports. Beneficiaries included 550+ students, 50 athletes, and 19,511 drivers provided with spectacles.
The company received a Carbon Sequestration Certificate for offsetting an estimated 1,505.24 MT of CO₂ through the plantation of 7,142 trees. It continues to collaborate with IIM Bangalore via the Supply Chain Sustainability Lab to develop industry-wide tools for emissions measurement and decarbonisation planning.
Financial and Operational Metrics
| Metric | Value |
|---|---|
| Turnover | ₹43,526 million |
| Net Worth | ₹23,808 million |
| Total Employees | 4,776 |
| Total Workers | 8,904 |
| Women on Board | 20% |
| Women in KMP | 12.50% |
| CO₂e Reduction | 0.19 million tonnes |
Historical Stock Returns for Transport Corporation of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | -0.34% | +0.10% | -13.63% | -17.08% | +127.03% |
What capital expenditures are required to scale the electric truck fleet and methanol-powered ships to meet the 2040 carbon neutrality target?
How will the transition to rail and coastal shipping impact the company's operating margins compared to traditional road freight over the next five years?
Are there plans to increase the current 0.12% revenue allocation for employee well-being to improve workforce retention as operations evolve?
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