GAIL & CONCOR sign MoU to explore adoption of LNG as alternative fuel

GAIL (India) Ltd. and CONCOR have signed a Memorandum of Understanding (MoU) to explore the adoption of Liquefied Natural Gas (LNG) as an alternative fuel for the logistics sector. The MoU was signed on April 23, 2025, in New Delhi, in the presence of Shri Sanjay Kumar, Director (Marketing), GAIL; Shri Sanjay Swarup, CMD, CONCOR; and senior officersfrom both organizations. The MoU wassigned by Shri Kapil KumarJain, Executive Director (Marketing - Retail LNG), GAIL, and Shri Ahmed Wasi Khan, General Manager (P&S), CONCOR.

The MoU aims to assess the feasibility of using LNG as fuel for CONCOR's logistics fleet. This collaboration seeks to harness LNG's advantages as a cleaner and more cost-effective alternative to diesel, which could result in reduced emissions and lower operational costs. The agreement underscores India's growing commitment to sustainable practices and energy efficiency in the logistics sector through the adoption of alternative fuels.

Shri Sanjay Kumar, Director (Marketing), GAIL emphasized that GAIL holds the largest LNG portfolio in the country, with contracts spanning multiple geographies worldwide; positioning it as a reliable LNG supplier. LNG as a transportation fuel is poised to be a game-changer for the transportation industry, and India is steadily gaining momentum in adopting this cleaner fuel alternative. This MoU reinforces a mutually beneficial partnership between leading conglomerates, fostering a more sustainable and environmentally-friendly logistics framework.

On this occasion, Shri Sanjay Swaroop, CMD CONCOR highlighted that the MoU is yet another step towards CONCOR's commitment to provide sustainable logistics solutions to the customers for which the company has already established LNG station at MMLP Khatuwas, and procured a large fleet of 130 LNG trailers, which is resulting in reduction in carbon foot prints in CONCOR's day to day operations.

Shares of GAIL (India) Limited was last trading in BSE at Rs. 186.75 as compared to the previous close of Rs. 193.25. The total number of shares traded during the day was 747931 in over 11089 trades.

The stock hit an intraday high of Rs. 194.50 and intraday low of 184.80. The net turnover during the day was Rs. 140505087.00.

Source : Equity Bulls

Keywords

GAILIndia INE129A01019 MoU CONCOR