Railway Logistics Company Bags Rs 198 Crore Long Term Contract from Indian Railways for Operations of Leased Parcel Express Train
The company has a market cap of over Rs 350 crore and the stock is up by 20 per cent from its 52-week low of Rs 200.55 per share.
AVG Logistics Limited has secured a significant 6-year contract with the Indian Railways for the operation of a leased Parcel Cargo Express Train (PCET). This dedicated freight train will establish a vital link between Agartala (Tripura) / Guwahati (Assam) and Delhi / Ludhiana (Punjab), undertaking four round trips each month. Over the entire contract period, a total of 313 trips are scheduled, promising consistent and reliable transportation services. Initially, the train will have a carrying capacity of 364 tonnes per trip, which is set to increase to 484 tonnes after the first six months of operation.
This strategic partnership will enable AVG Logistics to provide expeditious and seamless connectivity over a distance of 2768 kilometres with each journey completed in approximately 90 hours. The long-term contract is valued at approximately Rs 198 crore over the six-year period, highlighting the scale and importance of this collaboration for both AVG Logistics and the Indian Railways in bolstering freight transportation across the country.
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AVG Logistics Limited, established in India in 2010, is a prominent multimodal logistics solutions provider. They offer customised, technology-driven services encompassing transportation (road & rail), warehousing (including cold chain), distribution and supply chain management, including 3PL. With over 50 automated branches across India, they manage a 3000+ vehicle fleet and 705,000 sq. ft. of warehousing. Their 400+ professionals deliver 24/7 integrated logistics services.
AVG Logistics serves a wide array of esteemed clients, including major players like Nestle, HUL, DS Group, Apollo Tyres, JK Tyres, ITC, Airtel, MRF, Jubilant, Ultra Tech Cement and Coca Cola, alongside numerous other retail and multinational companies across various industries in India. The company has a market cap of over Rs 350 crore and the stock is up by 20 per cent from its 52-week low of Rs 200.55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.