logo
Hindustan Zinc expands green logistics partnership with GreenLine Mobility

Hindustan Zinc expands green logistics partnership with GreenLine Mobility

Time of Indiaa day ago
Hindustan Zinc
Limited has signed a contract with
GreenLine Mobility Solutions
to expand the deployment of electric and liquefied natural gas (LNG) trucks in its logistics network. The move forms part of the company's broader strategy to decarbonise its operations and supply chain.
Under the agreement, GreenLine will invest ₹400 crore to deploy 100
electric trucks
and establish a battery swapping system for concentrate transportation between Hindustan Zinc's mines and smelters. The system includes three high-capacity battery swapping stations to enable continuous operations.
This marks the country's first commercial-scale battery swapping infrastructure for concentrate logistics. In parallel, the partnership will add 100
LNG trucks
to Hindustan Zinc's fleet, bringing the total to 200 vehicles for long-haul transport of finished goods.
Arun Misra, CEO, Hindustan Zinc Limited, said, 'This large-scale deployment of EVs and LNG trucks, a bold step in our journey to net zero, solidifies our dedication to driving meaningful impact through innovative
green logistics
solutions and strategic partnerships, shaping a cleaner, more sustainable supply chain.'
Emission reduction targets and operational impact
The expansion is expected to cut approximately 236 metric tonnes of CO₂ emissions each month, equivalent to planting 12,000 trees, and reduce Scope 3 emissions by around 1,50,000 tonnes annually. This supports the company's goal of achieving net zero emissions by 2050 or earlier.
Anand Mimani, CEO, GreenLine Mobility, said, 'Clean transport isn't a future option, it's today's responsibility. This deployment with Hindustan Zinc powerfully reflects our shared urgency to decarbonise logistics at scale, setting a scalable model for industrial decarbonisation across sectors.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Vedanta continues winning street confidence: Brokerages forecast strong earnings ahead
Vedanta continues winning street confidence: Brokerages forecast strong earnings ahead

Economic Times

time3 hours ago

  • Economic Times

Vedanta continues winning street confidence: Brokerages forecast strong earnings ahead

New Delhi: Major global and Indian brokerages remain optimistic on Vedanta Ltd's performance for FY26, citing stronger LME pricing trends, cost discipline, deleveraging, and a resilient aluminium business among the key growth drivers. ADVERTISEMENT These firms have also taken note of the several growth projects scheduled for commissioning or completion in the next few quarters. JP Morgan noted that Vedanta's first quarter consolidated EBITDA was largely in line with estimates, with key segments such as aluminium, oil and gas, and power faring better than its expectations, leading to an overall segmental EBITDA beat. On the earnings trajectory for the current and next fiscal, the firm expects various ongoing initiatives at Vedanta to aid growth. "Vedanta's capacity expansion journey in the aluminium business as well as vertical integration should bring cost advantages. LME prices have also bottomed out and should continue to move higher into FY26-27, likely aiding earnings growth." Echoing similar views on LME prices and its potential benefit, Citi Research cited that Vedanta's parent (Vedanta Resources) leverage is at comfortable levels. It listed potential upside in medium-term aluminium LME prices, lower cost, and the demerger as another positive for Vedanta, while adding that aluminium globally has a limited supply growth. Mumbai-based Nuvama Institutional Equities expects Vedanta to deliver quarter-on-quarter EBITDA growth in Q2. ADVERTISEMENT "Q2FY26 EBITDA is likely to increase 10 per cent-plus quarter-on-quarter on the back of higher prices and lower aluminium cost of production. Major aluminium projects are likely to be commissioned in Q2FY26. We reckon net debt/EBITDA ex-Hindustan Zinc shall fall to 1.7x by FY26-end, compared to 2.7x in FY25. Demerger of the business is likely to be concluded in Q4FY26," the firm said in its report. The brokerage expects Vedanta's all major projects except coal blocks to be likely commissioned in the current fiscal, providing volume growth and cost reduction visibility for the company. ADVERTISEMENT UK-based Investec stated in its post-earnings report that Vedanta is a key beneficiary of depreciation in the Indian Rupee. Other near-term positives listed by the firm include declining alumina prices and the company offering attractive yields. The firm has retained its buy recommendation on Vedanta. Research firms like Kotak Institutional Equities and IIFL have cited factors like cost efficiencies and deleveraging at both Vedanta Ltd and its parent Vedanta Resources as beneficial factors. Vedanta's adjusted profit after tax jumped 13 per cent year-on-year to Rs 5,000 crore. The company clocked its highest-ever first-quarter EBITDA of Rs 10,746 crore, which was up 5 per cent year-on-year. (You can now subscribe to our ETMarkets WhatsApp channel)

Essar's GreenLine in Rs 400 crore deal to decarbonise Hindustan Zinc Limited logistics
Essar's GreenLine in Rs 400 crore deal to decarbonise Hindustan Zinc Limited logistics

Time of India

timea day ago

  • Time of India

Essar's GreenLine in Rs 400 crore deal to decarbonise Hindustan Zinc Limited logistics

Representative image NEW DELHI: Hindustan Zinc Ltd has entered into a Rs 400-crore deal with Essar group's GreenLine Mobility Solutions for decarbonising its logistics network by deploying the latter's advanced electric (EV) and trucks powered by liquefied natural gas (LNG). The deal envisages GreenLine deploying 100 electric trucks to replace diesel vehicles for inter-unit concentrate movement between the company's mines and smelters. Simultaneously, a commercial-scale battery swapping infrastructure will also be set up with three high-capacity stations to ensure round-the-clock operations. Additionally, GreenLine will add 100 LNG trucks to double Hindustan Zinc's current low-carbon fleet for long-haul finished goods transport. 'This large-scale deployment of EVs and LNG trucks will deliver cost efficiencies through discounted freight rates. It is estimated to reduce approximately 236 metric tonnes of CO₂ emissions per month, equivalent to planting around 12,000 trees,' HZL chief executive Arun Misra said. 'This initiative is expected to reduce about 1,50,000 tonnes of Scope 3 emissions annually, advancing HZL's 2050 net-zero commitment by 2050 or sooner, and support India's green growth ambitions,' he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo 'This deployment with Hindustan Zinc reflects our shared urgency to decarbonise logistics at scale, setting a scalable model for industrial decarbonization across sectors. With our LNG and EV fleet manufactured by Blue Energy Motors, we're bringing together innovation, sustainability, and real-world impact in a way that's practical and powerful for industry," GreenLine CEO Anand Mimani said. GreenLine currently operates over 650 LNG trucks, serving clients across FMCG, e-commerce, metals & mining, cement, oil & gas, and chemicals. Its fleet has covered more than 50 million kilometres, cutting over 14,000 tonnes of CO₂ emissions. The company plans to expand to more than 10,000 clean trucks, supported by a nationwide network of 100 LNG refuelling stations, EV charging hubs, and battery swapping facilities — an integrated green mobility ecosystem aiming to cut carbon emissions by up to 1 million tonnes annually. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025

Hindustan Zinc expands green logistics partnership with GreenLine Mobility
Hindustan Zinc expands green logistics partnership with GreenLine Mobility

Time of India

timea day ago

  • Time of India

Hindustan Zinc expands green logistics partnership with GreenLine Mobility

Hindustan Zinc Limited has signed a contract with GreenLine Mobility Solutions to expand the deployment of electric and liquefied natural gas (LNG) trucks in its logistics network. The move forms part of the company's broader strategy to decarbonise its operations and supply chain. Under the agreement, GreenLine will invest ₹400 crore to deploy 100 electric trucks and establish a battery swapping system for concentrate transportation between Hindustan Zinc's mines and smelters. The system includes three high-capacity battery swapping stations to enable continuous operations. This marks the country's first commercial-scale battery swapping infrastructure for concentrate logistics. In parallel, the partnership will add 100 LNG trucks to Hindustan Zinc's fleet, bringing the total to 200 vehicles for long-haul transport of finished goods. Arun Misra, CEO, Hindustan Zinc Limited, said, 'This large-scale deployment of EVs and LNG trucks, a bold step in our journey to net zero, solidifies our dedication to driving meaningful impact through innovative green logistics solutions and strategic partnerships, shaping a cleaner, more sustainable supply chain.' Emission reduction targets and operational impact The expansion is expected to cut approximately 236 metric tonnes of CO₂ emissions each month, equivalent to planting 12,000 trees, and reduce Scope 3 emissions by around 1,50,000 tonnes annually. This supports the company's goal of achieving net zero emissions by 2050 or earlier. Anand Mimani, CEO, GreenLine Mobility, said, 'Clean transport isn't a future option, it's today's responsibility. This deployment with Hindustan Zinc powerfully reflects our shared urgency to decarbonise logistics at scale, setting a scalable model for industrial decarbonisation across sectors.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store