Indian Railways gives AVG Logistics a Rs 198 cr contract

The Indian Railways has awarded AVG Logistics Limited a major 6-year contract to operate a leased Parcel Cargo Express Train (PCET). With four round excursions each month, this dedicated freight train would create a crucial connection between Delhi/Ludhiana (Punjab) and Agartala (Tripura)/Guwahati (Assam). A total of 313 journeys are planned during the course of the contract, guaranteeing dependable and continuous transportation services. After the first six months of operation, the train’s carrying capacity is expected to rise to 484 tonnes from its initial carrying capacity of 364 tonnes each trip.

AVG Logistics will be able to offer quick and easy connectivity over a distance of 2768 kilometers thanks to this strategic relationship, with each trip taking about 90 hours to complete. The long-term agreement, which is worth around Rs 198 crore over six years, shows how significant and significant this partnership is for AVG Logistics and Indian Railways in supporting freight transit throughout the nation.

AVG Logistics Limited is a well-known supplier of multimodal logistics solutions, having been founded in India in 2010. They provide specialized, tech-driven services that include supply chain management, including 3PL, distribution, warehousing (including cold chain), and transportation (road & rail). They oversee a fleet of more than 3000 vehicles and 705,000 square feet of warehouse space across more than 50 automated operations in India. Their 400+ experts provide integrated logistics services around-the-clock.

Along with many other retail and international businesses from a variety of Indian industries, AVG Logistics serves a wide range of prestigious clients, including Nestle, HUL, DS Group, Apollo Tyres, JK Tyres, ITC, Airtel, MRF, Jubilant, Ultra Tech Cement, and Coca-Cola. The stock is up 20% from its 52-week low of Rs 200.55 a share, and the company has a market capitalization of over Rs 350 crore.