UltraTech to deploy over 600 electric trucks by December 2026 to electrify its supply chain

UltraTech to deploy over 600 electric trucks by December 2026 to electrify its supply chain


UltraTech Cement Ltd. will scale up the electrification of its supply chain by deploying more than 600 heavy-duty electric trucks by December 2026, as the cement maker looks to reduce emissions from its logistics operations.

In an exchange filing on Wednesday, September 2, the company said that it has signed service contracts with electric vehicle prime mover manufacturers including Tata Motors, Ashok Leyland, IPLTech, Energy in Motion and Sany, along with their subsidiaries and other third-party logistics providers, for the deployment of the EV fleet.

The 600-plus electric trucks will transport around 5 million tonnes of clinker and other key materials annually across Gujarat, Uttar Pradesh, Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra and Odisha. Once fully operational, the fleet is expected to reduce net annual carbon dioxide emissions by more than 1,17,000 tonnes and displace the equivalent of 39 million litres of diesel each year.

Also read: Equirus on UltraTech’s cables entry and whether it’s time to buy the dip in Polycab, RR Kabel and KEI

UltraTech’s green logistics push

UltraTech said its electrification strategy covers its supply chain from mine-to-plant movement to inter-plant transportation of clinker and other key materials. The company currently operates more than 850 trucks as part of its green logistics operations, including CNG and electric trucks.

The company had introduced CNG trucks in 2021 and electric trucks in 2024, and said it was the first cement company to deploy heavy-duty electric trucks for long-haul transportation of clinker and other materials at scale.

UltraTech Managing Director KC Jhanwar said the expansion of electric mobility in logistics was aimed at decarbonising the company’s value chain and supporting its Net Zero commitment.

India’s largest cement company, UltraTech, has a grey cement capacity of 205.5 million tonnes per annum and operates one of India’s largest and most complex cement logistics networks.Earlier in the week, UltraTech had announced that its wires and cables facilities in Jhagadia, Gujarat, has begun commercial operations, three months ahead of the scheduled commissioning timelines. The announcement led to shares of Polycab, KEI Industries and other wires and cables stocks to decline by as much as 6.5%.

Shares of UltraTech Cement are currently trading 1.9% lower at ₹11,188 on Wednesday. The stock is down 6% so far in 2026.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *