Logistics solutions provider announces successful inauguration of its Electric Vehicles (EVs) into operations at Tata Steel
The company has a market cap of over Rs 4000 crore and the stock is up by 40.6 per cent from its 52-week low of Rs 200.55 per share.
AVG Logistics Limited, traded on the BSE as 543910 and NSE as AVG, recently inaugurated its Electric Vehicle (EV) operations at Tata Steel. This move highlights AVG Logistics' dedication to sustainable and environmentally responsible logistics. The launch event, held at Tata Steel's facility, is a major step toward reducing carbon emissions and promoting eco-friendly transportation in the industrial logistics sector. The new electric fleet will handle intra-plant and short-haul deliveries, supporting both companies' vision for a greener future. AVG Logistics is pioneering this transformation by integrating digitalisation, sustainability, and a customer-centric approach into its operations.
AVG Logistics is proud to be the first in India to deploy Tata Motors' 55-ton high-capacity electric trucks into commercial operations. This initiative underscores their commitment to green mobility, innovation, and achieving long-term carbon neutrality. The deployment of these high-payload electric vehicles is also expected to boost the company's revenue by expanding service capabilities, enhancing operational efficiency, and meeting the increasing demand for green supply chain solutions across various industries.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, download the service details here.
AVG Logistics Limited, established in 2010, is a prominent Indian multimodal logistics provider offering comprehensive and technology-driven solutions. They specialize in road and rail transportation, cold chain services, and warehousing, boasting over 50 automated branches nationwide. With a dedicated workforce of over 500 professionals and a fleet of 3000+ vehicles, complemented by 705,000 sq. ft. of warehousing space, AVG Logistics provides 24x7 integrated logistics and third-party logistics (3PL) services across India.
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. In FY25, the company reported Revenue of Rs 551.52 crore, EBITDA of Rs 95.57 crore and PBT of Rs 26.33 crore. The company has a market cap of over Rs 400 crore and the stock is up by 40.6 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.