Essar unit GreenLine to invest ₹4,000 crore to expand LNG trucks fleet

GreenLine, an Essar Group subsidiary, will invest Rs 4,000 crore to expand its LNG-powered

transportation services by adding 4,000 LNG trucks to its fleet in the financial year 2024-25. Greenline CEO Anand Mimani said, “Currently, we have 300 vehicles. We are only into heavy-duty 55-tonne trucks with a 40-tonne payload capacity and a range of 1,400 km in one filling.

We aim at deploying at least 4,000 to 5,000 such vehicles in FY25.” At present, around four million trucks ply on the roads in India.

Augmenting the fleet will help corporate clients reduce carbon emissions by utilising the eco-friendly
transportation mode, the company pointed out. “We will invest around Rs 4,000 crore to Rs 5,000 crore in
FY25 to procure new trucks through debt and equity,” he added. Greenline sources LNG trucks from its sister concern, Blue Energy Motors, while another Essar company, Ultra Gas, is setting up LNG stations in various states. Greenline plans to deploy at least 500 new trucks in Gujarat during the fiscal.
“We provide LNG-based transportation at a similar price to diesel trucks.

“So, companies are being able to reduce 30% carbon dioxide by paying the same value,” he said.

Mimani said the company plans to increase its number of LNG stations from 10 to 50 this year.