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regular-article-logo Tuesday, 23 July 2024

Adani Total Gas signs agreement with Flipkart to help decarbonise its supply chain

The duo have signed an MoU under which the Adani group will work with Flipkart to reduce the e-commerce major’s carbon footprint in the movement of goods across its sourcing locations, warehouses and customers

Our Special Correspondent Mumbai Published 28.12.23, 11:58 AM
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Adani Total Gas Ltd (ATGL) has signed an initial agreement with Flipkart to help decarbonise its supply chain.

The duo have signed an MoU under which the Adani group will work with Flipkart to reduce the e-commerce major’s carbon footprint in the movement of goods across its sourcing locations, warehouses and customers.

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ATGL said it will offer clean fuel options including natural gas and the introduction of electric vehicles.

Adani TotalEnergies E-Mobility Ltd, a wholly owned subsidiary of ATGL, will deploy EV charging infrastructure at Flipkart’s pan-India supply chain, including at warehouses and logistics locations.

ATGL is co-promoted by the Adani group and France’s TotalEnergies.

“We are fully committed to providing clean energy solutions to our customers and to help them achieve their decarbonisation goals, thus actively contributing towards India’s climate action goals,’’ Suresh P. Manglani, ED and CEO of ATGL said.

Total funds

TotalEnergies has invested $300 million (about Rs 2,500 crore) in a renewable energy joint venture with Adani Green Energy Ltd.

The Adani group firm and the French giant will own a 50:50 stake in the company which in turn will house a 1.05GW project portfolio.

It covers 300 megawatts of operational capacity, 500MW of under-construction solar projects and 250MW of under-development projects.

Meanwhile, Adani Energy Solutions on Wednesday said its arm Adani Transmission Step-Four will form a joint venture with UAE-based
Esyasoft Holdings to implement smart metering
projects.

ATSFL and EHL would hold a 49 per cent and 51 per cent shareholding, respectively, in the proposed joint venture with equal participation in the board of directors of the company, according to a regulatory filing.

Adani Energy Solutions Ltd has also received Letter of Intent to acquire Halvad Transmission from PFC Consulting.

Halvad Transmission, a special purpose vehicle, has been set up by PFC Consulting for evacuating 7GW of renewable energy from Khavda RE park, Gujarat.

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