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Adani Total Gas and Flipkart Sign an Agreement to Decarbonize the Supply Chain

Adani Total Gas Limited has signed a Memorandum of Understanding (MoU) with Flipkart to support the e-commerce giant’s efforts to reduce its carbon footprint across its supply chain. The Adani Group company will assist Flipkart in its decarbonization journey by providing solutions for cleaner fuel options like natural gas and electric vehicles. Adani Total Energies E-Mobility Limited (ATEL), a wholly owned subsidiary of Adani Total Gas, will deploy electric vehicle (EV) charging infrastructure at Flipkart’s pan-India supply chain locations, including warehouses and logistics facilities. The collaboration aims to reduce carbon emissions in the movement of goods between sourcing locations, warehouses, and customers.

Suresh P Manglani, Executive Director & CEO of Adani Total Gas, expressed the company’s commitment to providing clean energy solutions to customers and actively contributing to India’s climate action goals. Flipkart is dedicated to introducing sustainable solutions, such as integrating cleaner energy and introducing electric vehicles in its logistics. The collaboration with Adani Total Gas is expected to play a significant role in supporting Flipkart’s efforts to achieve net-zero goals and facilitate the electrification of its fleet.

The move aligns with the broader sustainability vision of Flipkart, emphasizing a shared vision and collective action toward achieving a sustainable future. Adani Total Gas shares are currently trading at a discount of 75% from its 52-week high of ₹4,000, having faced challenges after the Hindenburg report impacted Adani Group stocks. Despite recent fluctuations, the shares have surged 56% in the last six months.

Please note that the information provided here is based on the available sources and is subject to change based on further updates from the companies involved.

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