Logistics stock jumps 10% after signing 8 yr EV transport deal with UltaTech Cement

SYNOPSIS: Paradeep Parivahan signed an eight-year EV logistics agreement with UltraTech Cement, deploying large-scale electric trucks for bulk transport, reducing emissions and strengthening its Rs. 300+ crore order book and sustainability-led growth strategy.

During Friday’s trading session, shares of a BSE SME-listed company and a leading end-to-end logistic service provider surged nearly 10 percent, after the company announced signing an 8-Year EV transport agreement with  India’s largest cement manufacturer, UltraTech Cement Limited.

At 01:23 p.m., shares of Paradeep Parivahan Limited were trading in green at Rs. 169.15 on BSE, up by over 3 percent, compared to its previous closing price of Rs. 164, with a market cap of Rs. 269 crores.

Since its listing on 24th March 2025, the stock has delivered multibagger returns of more than 103 percent in the last one year, and has gained by around 30 percent in the last six months.

What’s the News:

According to the latest disclosures on the BSE, Paradeep Parivahan Limited (PPL) announced entering into an 8-year agreement with India’s largest cement manufacturer, UltraTech Cement Limited, for the deployment of electric vehicle (EV)-based bulk logistics services.

This agreement represents a key milestone in India’s industrial logistics sector, with PPL set to deploy one of the country’s largest trans-state e-truck fleets for heavy-duty bulk transportation. The initiative highlights the commercial scalability and operational viability of e-mobility at scale in long-haul industrial logistics.

The electric mobility program is being executed for UltraTech Cement Limited, reflecting its continued focus on reducing carbon intensity across its supply chain. The project involves deploying EVs between UltraTech’s Rajasthan and Uttar Pradesh facilities, replacing conventional diesel-powered heavy trucks on this high-volume industrial route. 

The proposed deployment is expected to result in a substantial reduction in carbon dioxide (CO₂) emissions, estimated at ~15,000-20,000 tonnes annually. By shifting from traditional fossil-fuel-based transportation to e-mobility, this initiative aims to enable cleaner freight movement, materially lower environmental impact, and enhance sustainability performance across the logistics value chain.

The EV ecosystem for the project is being supported through a collaboration with Energy In Motion Limited (EIM), which will provide charging infrastructure, battery-swapping solutions, and operational support.

The agreement is expected to add positive value to PPL’s existing order book of more than Rs. 300 crore and aligns with the company’s long-term strategy of expanding its electric vehicle fleet and strengthening sustainable logistics capabilities across key ports and industrial corridors.

Financials, Management Guidance & more:

Paradeep Parivahan reported a significant growth in its revenue from operations, showing a year-on-year increase of around 29 percent from Rs. 138 crores in H1 FY25 to Rs. 178 crores in H1 FY26. Likewise, the net profit increased from Rs. 5 crores to Rs. 16 crores, representing an impressive rise of nearly 220 percent YoY.

The management has provided revenue guidance for the coming years, with the company expecting its topline to reach around Rs. 420 crore in FY26, and is projected to increase further to ~Rs. 546 crore in FY27, while noting that these estimates may be revised if required based on business conditions and evolving requirements.

Paradeep Parivahan Limited is engaged in the business of providing integrated logistics, supply chain solutions, and port services. It offers end-to-end capabilities across cargo handling, port operations, intra-port transportation, and multimodal logistics, serving key industrial sectors across India and global markets.

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