Mahindra Logistics and LOGOS with its venture partner Ivanhoe Cambridge pave way for green logistics
New Delhi, May 25th, 2023: Mahindra Logistics Limited (MLL) – the country’s largest integrated logistics solutions provider along with LOGOS – leading Asia Pacific logistics specialist and Venture partner Ivanhoe Cambridge, transforms India’s largest warehousing facility, in a single park, towards net-zero. With this transformation in Luhari, MLL’s total renewable-powered warehouses are now over 4MN sq. ft. in the country.
The facility now has a 500 KW installed rooftop solar panel, providing for more than two-thirds of Mahindra Logistics electricity requirement saving circa 12,000 tonnes of CO2 over its lifetime. This saving is equivalent to the amount of CO2 absorbed by a 240-acre forest and is also equipped for solar charging of cargo and personal mobility vehicles.
In 2021, LOGOS and Mahindra Logistics entered into India’s largest lease with a single warehouse estate located off NH8 in the Delhi-NCR region. LOGOS Luhari Logistics Estate is a 125-acres state-of-the-art warehousing park with industry-leading sustainability features including at least 10 acres of Miyawaki Forest Plantation, EV charging infrastructure, and IGBC-Platinum certified buildings.
This warehouse is a part of Mahindra Logistics Pan-India network of multi-client facilities that manage the fulfillment and distribution of its clients’ services within the e-commerce, consumer, and engineering industries. The facilities are designed in line with MLL’s sustainability standards, renewable energy, and waste management requirements including liquid discharge management as well as state-of-the-art automation.
Mr. Rampraveen Swaminathan, Managing Director and CEO, of Mahindra Logistics Limited, said: “Our commitment to becoming carbon neutral by 2040 is an endeavour to lead the logistics industry by example. Offering large format, multi-client, net zero, state-of-the-art warehousing infrastructure is an effort towards green logistics. At Mahindra Logistics, we continue to provide integrated, customized solutions through a sustainable ecosystem and thank our partners – LOGOS for supporting us in our journey towards carbon neutrality”.
LOGOS’ India CEO, Mehul Shah, said, “Sustainability is a core part of our business, and we are very proud to continue to deliver sustainable solutions for our properties and customers through this new solar installation. We are seeing strong demand from customers wanting to establish world-class and sustainable infrastructure, and this project reflects the evolving appetite for exceptional sustainable performance”.
LOGOS’ India Head of Asset Management and New Initiatives, Ankit Samdariya, said, “We are thrilled to partner with a sustainability-focused customer to bring renewable energy to our Luhari Logistics Estate. This solar installation will create sustainable and efficient logistics facilities, reduce carbon footprint and offer our customers environmentally responsible solutions”.
Mahindra Logistics is one of the few companies in the logistics sector to receive validation from Science Based Targets Initiative (SBTi) in reducing carbon emissions. It has also committed to limit global warming to 1.5°C, as per the Paris Agreement of Climate Change. The company has also undertaken several sustainable initiatives, focused on carbon neutrality, circularity, and resource conservation. As part of the same, MLL is establishing new facilities which comply with IGBC/LDEED certification standards.
LOGOS also plans to install over 10 MW of rooftop solar plants across its industrial and warehousing parks in India over the next three years to cater to clean energy requirements. LOGOS Luhari Logistics Estate is part of the LOGOS India Logistics Venture with Ivanhoé Cambridge, which has US$800 million in investment capacity to develop and own high-quality, modern industrial and logistics facilities in key markets of India.