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CONCOR

&

GAIL

has signed a Memorandum of Understanding (MoU) with to establish LNG infrastructure at multiple CONCOR terminals throughout India. This initiative aims to ensure a continuous supply of LNG fuel for CONCOR's road transportation needs, promoting cleaner logistics solutions. Key Details of the MoU Signatories: The MoU was signed by Shri Ahmed Wasi Khan, GGM (P&S) from CONCOR, and Shri Kapil Kumar Jain, ED (Marketing - Retail LNG) from GAIL. Objective: The primary goal is to develop LNG infrastructure at various CONCOR terminals across India, ensuring an uninterrupted supply of LNG for road transportation. Initial Project: The first LNG station is set to be established at CONCOR’s Terminal in Khodiyar, Ahmedabad. Sustainability Commitment: This initiative is part of CONCOR's broader commitment to sustainable logistics, which includes the establishment of an LNG station at MMLP Khatuwas and the procurement of a fleet of 130 LNG trailers, contributing to reduced carbon footprints. Collaboration Potential: Both companies will explore further collaboration in areas of mutual interest, enhancing the logistics sector's eco-friendliness. Strategic Importance Green Logistics: The partnership emphasizes the promotion of clean fuel and green logistics solutions, aligning with national sustainability goals. Infrastructure Development: The MoU is expected to pave the way for a nationwide network of LNG stations, facilitating the transition to cleaner energy sources in logistics. Economic Impact: By providing stable and competitively priced LNG, the collaboration aims to drive the adoption of natural gas as a clean fuel in the logistics sector, potentially reshaping the logistics landscape in India. Disclaimer- Investment in the share market is subject to market risk, and past performance is not indicative of future results. Details are for informational purposes only and should not be considered as buy or sell advice.