CONCOR orders 100 LNG trucks at Blue Energy Commercial Vehicles

NEW DELHI: Container Corporation of India Ltd (CONCOR) has placed an order for 100 liquefied natural gas (LNG) trucks at Punebased Blue Energy Commercial Vehicles Pvt Ltd as the state-owned company takes first steps to cut hazardous emissions and align with the government’s larger climate changegoals.

Separately, Concor has ordered 100 trailers at Raigarh, Chhattisgarhbased Jagdamba Trailers Pvt Ltd, that will carry the steel containers on theLNGtrucks,sourcessaid.

During the earnings call on the third quarter financial results held on 24 January, V Kalyana Rama, Chairman and Managing Director, Concor, revealed the company’s plan to introduce LNG trucks for the first andlastmilemovementofcontainers.

“We will be experimenting with LNG transfers at our major hub Kathuwas and then we will be expanding it to all the terminals,” KalyaRamasaidon24January.

“All these new things we are bringing…because the demand is there in domestic sector and also to encourage more and more domestic traffic into containers and to add value-added services and to make it a complete business solution which will increase our margins so that the overall margin pressure will not be too much,” he added.

A zero-emission truck technology start-up, Blue Energy Commercial

Vehicles – known by its brand name Blue Energy Motors – is a portfolio company of Exponentia Ventures, a Dubai-based fund run by Anshuman Ruia, a second generation of the Ruia familythatfoundedEssarGroup.

FPT Industrial, the global Powertrain brand of Iveco Group, has a minority stake in Blue Energy Motors.

Globally, logistics contributes to 14-15percentofcarbonemissionsand in that the contribution of heavy-duty truckingisabout90percent.

The trucking industry is one of the most significant polluters, producing up to 450 million tonnes per annum of CO2, as well as significant noise, particulate matter, and pollutants eachyear.