GreenLine partners with Shriram Finance to scale up green logistics
Essar group`s green logistics solutions provider GreenLine Mobility Solutions has partnered with Shriram Finance for the deployment of a new fleet of LNG-powered trucks, a statement said on Wednesday.
GreenLine Mobility Solutions on Wednesday flagged off a new fleet of LNG-powered trucks at Chakan, Pune, the statement said. The deployment is supported by Shriram Finance Ltd, one of India`s largest NBFCs. GreenLine is an Essar venture and India`s only green logistics operator of LNG and electric-powered heavy commercial trucks. Its current fleet of over 650 LNG trucks serves marquee companies across sectors such as FMCG and e-commerce, metals and mining, cement, oil and gas, and chemicals.
Anand Mimani, CEO, GreenLine Mobility Solutions said, "This fleet expansion, supported by Shriram Finance, is a key step towards transforming India`s logistics with sustainable, high-performance solutions."
India`s transportation sector, which contributes nearly 15 per cent of the country`s total carbon emissions. Sharvari Prabhu, CFO, GreenLine Mobility Solutions Ltd., added: "As we scale our LNG fleet, the role of strategic financial support becomes increasingly critical. Shriram Finance`s involvement helps us offer viable green alternatives to conventional trucking while supporting India`s broader decarbonisation goals.
GreenLine plans to deploy over 10,000 LNG and EV trucks, supported by a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities. This comprehensive initiative aims to reduce carbon emissions by up to 1 million tonnes annually.
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