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GreenLine to invest 5,000 cr to acquire LNG trucks for green logistics
Mint Mumbai
|November 06, 2023
Green mobility solutions provider GreenLine is planning a big-ticket expansion of its two-year-old logistics services operations, investing about ₹850 crore to add 1,000 liquefied natural gas (LNG) trucks to its fleet in this financial year.
It will further invest over ₹4,000 crore in FY25 to raise LNG truck deployment by any another 5,000 units, while also exploring options for deploying electric trucks on short-haul operations.
The company, part of the Essar Group, aims to decarbonize heavy trucking in India and is receiving widespread interest for its LNG-powered freight transportation from industrial players and corporates who themselves are moving ahead on their environmental, social, and governance (ESG) vision and looking at scaling up greener initiatives.
“We are already running about 250 LNG-powered trucks that are managing logistics operations of our clients and plan to deploy 1,000 LNG-powered trucks by March 2024 making an investment of about ₹85 lakh for each truck," GreenLine CEO Anand Mimani told Mint.
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