+
GreenLine to add 1,500 LNG trucks in India
OIL & GAS

GreenLine to add 1,500 LNG trucks in India

GreenLine, a provider of green mobility solutions, is to add 1,500 liquefied natural gas (LNG) trucks to its fleet in the current financial year, which ends in March 2024.

The company, which is part of the Essar Group, aims to decarbonise heavy trucking in India and is leading the way in the adoption of LNG-powered freight transportation. LNG offers better fuel efficiency than diesel, which can lead to lower operating costs.

"By March 2024, GreenLine will have deployed 1,500 LNG-powered trucks," said Anand Mimani, CEO of GreenLine. "We currently have around 100-110 vehicles on the road, as well as 66 CNG and LNG tankers."

Mimani explained that the idea behind GreenLine was to decarbonise the entire logistics value chain. The company started out with CNG vehicles (Tata 151 and Eicher vehicles), which have a maximum weight carrying limit of 15 tonnes.

"We want to move LNG as a fuel and we are one of the biggest virtual pipeline movers of LNG in India," said Mimani. "It has been a good learning curve. We partnered with Shell and learnt a lot."

In terms of financing for LNG-powered trucks, Mimani said that the vehicles have so far been purchased through the company's equity.

"We are in talks with banks and non-banking financial companies (NBFCs) that specialise in truck financing," he said. "We have just secured a small opening with one NBFC (TVS Credit), which has agreed to fund these vehicles. We are also in discussions with other banks, such as HDFC and ICICI."

Mimani added that a 55-tonne LNG truck can be used in a variety of industry segments, such as chemicals, metals, and FMCG.

Also read
Kaloor-Kadavanthra road revamp: A major city attraction
Jalpaiguri Municipality seeks funds for road renovation

GreenLine, a provider of green mobility solutions, is to add 1,500 liquefied natural gas (LNG) trucks to its fleet in the current financial year, which ends in March 2024. The company, which is part of the Essar Group, aims to decarbonise heavy trucking in India and is leading the way in the adoption of LNG-powered freight transportation. LNG offers better fuel efficiency than diesel, which can lead to lower operating costs. By March 2024, GreenLine will have deployed 1,500 LNG-powered trucks, said Anand Mimani, CEO of GreenLine. We currently have around 100-110 vehicles on the road, as well as 66 CNG and LNG tankers. Mimani explained that the idea behind GreenLine was to decarbonise the entire logistics value chain. The company started out with CNG vehicles (Tata 151 and Eicher vehicles), which have a maximum weight carrying limit of 15 tonnes. We want to move LNG as a fuel and we are one of the biggest virtual pipeline movers of LNG in India, said Mimani. It has been a good learning curve. We partnered with Shell and learnt a lot. In terms of financing for LNG-powered trucks, Mimani said that the vehicles have so far been purchased through the company's equity. We are in talks with banks and non-banking financial companies (NBFCs) that specialise in truck financing, he said. We have just secured a small opening with one NBFC (TVS Credit), which has agreed to fund these vehicles. We are also in discussions with other banks, such as HDFC and ICICI. Mimani added that a 55-tonne LNG truck can be used in a variety of industry segments, such as chemicals, metals, and FMCG. Also read Kaloor-Kadavanthra road revamp: A major city attraction Jalpaiguri Municipality seeks funds for road renovation

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?