Deals23 Jan 2026, 12:19 pm
Paradeep Parivahan Limted Signs 8-Year Agreement with UltraTech Cement Limited for Electric Vehicle Fleet Deployment
AI Summary
Paradeep Parivahan Limited has signed an 8-year agreement with UltraTech Cement Limited for the deployment of one of the largest Trans-State Fleets of Electric Vehicles for bulk transportation. The agreement involves the replacement of conventional diesel-powered heavy trucks on high-volume industrial routes between UltraTech’s Rajasthan to Uttar Pradesh facilities. The order value and other terms are not disclosed due to confidentiality obligations under the agreement.
Key Highlights
- 8-year agreement between Paradeep Parivahan Limited and UltraTech Cement Limited
- Deployment of one of the largest Trans-State Fleets of Electric Vehicles for bulk transportation
- Replacement of conventional diesel-powered heavy trucks on high-volume industrial routes
- Agreement covers routes between UltraTech’s Rajasthan to Uttar Pradesh facilities
- Order value and other terms undisclosed due to confidentiality obligations