The Flipkart Group is one of India’s leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Flipkart Health+, and Cleartrip.

Under the MoU, AGTL will work with Flipkart to support its vision to reduce carbon footprint in the primary, secondary and tertiary movements of goods between sourcing locations, warehouses, and customers. ATGL will provide decarbonizing solutions, aiding Flipkart’s journey to switch to cleaner fuel options, including natural gas, and the introduction of electric vehicles.

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

Suresh P Manglani, executive director & CEO of Adani Total Gas, said: “We are fully committed to providing clean energy solutions to our customers and to help them achieve their decarbonization goals, thus actively contributing towards India’s climate action goals.”

Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.

The natural gas distribution company reported 20.42% increase in net profit to Rs 167.79 crore in Q2 FY24 as against Rs 139.34 crore recorded in Q2 FY23. Revenue from operations declined 1.03% to Rs 1,178.08 crore in Q2 FY24 from Rs 1,190.37 crore posted in corresponding quarter last year.

The scrip rose 0.38% to currently trade at Rs 999.10 on the BSE.