AVG Logistics Secures Long-Term Contract from Cement Manufacturer, Pledging Sustainable EV Fleet Deployment
AVG Logistics Limited, a prominent multimodal logistics solutions provider based in India, has secured a strategic long-term contract with a renowned cement manufacturer. This partnership involves deploying a specialized fleet of electric vehicle (EV) trucks to manage the inbound and outbound logistics operations for essential raw materials and finished goods within the industrial sector.The agreement mandates AVG Logistics to deploy 30 heavy-duty EV Trucks to handle the seamless movement of cargo. The operations will focus on key industrial corridors across the North East region, with each trip designed to achieve a net load averaging between 38 and 41 metric tonnes.
A central aspect of this collaboration is the commitment to green logistics. As part of the contract terms, AVG Logistics will be responsible for establishing, operating, and maintaining dedicated EV charging stations. This initiative underscores the company's role in advancing sustainable, zero-emission supply chain practices within the cement manufacturing industry. The partnership itself is set for a tenure of 5 years, with an option for extension for an additional three years.
Sanjay Gupta, Managing Director of AVG Logistics Limited, highlighted that this long-term engagement reinforces the company's core strengths in high-volume industrial logistics. He stated that the contract aligns with the strategic vision of driving profitable and sustainable growth by pioneering on-site EV charging solutions within the industrial segment.
Contract and Financial Highlights
The partnership guarantees stable, long-term revenue for AVG Logistics. The contracted value is approximately 18 crores per annum. Key details regarding this business opportunity are summarized below:| Aspect | Details |
|---|---|
| Client Sector | Cement Manufacturer |
| Assets Deployed | 30 heavy duty EV Trucks |
| Contract Duration | 5 Years (extendable by 3 years) |
| Commercial Consideration | Approx. 18 crores per annum |
AVG Logistics Company Overview
AVG Logistics Limited, established in 2010, operates as a leading multimodal logistics solutions provider across India. The company offers customized, technology-driven services encompassing transportation, warehousing, distribution, and supply chain management. Its operational capabilities include specialization in road and rail transportation, reefers/cold chain services, and comprehensive warehousing solutions.The company supports its business with a dedicated workforce of over 600 skilled professionals. AVG Logistics operates a fleet exceeding 3000 vehicles and maintains over 8,56,369 Sq. Ft. of warehousing space across India to deliver integrated logistics services.
In the financial year FY25, AVG Logistics reported significant performance metrics:
| Financial Metric | Value (FY25) |
|---|---|
| Revenue | ₹551.52 Cr |
| EBITDA | ₹95.57 Cr |
| PBT | ₹26.33 Cr |
AVG Logistics' customer base includes major companies across various sectors, such as Nestle, Apollo Tyres, INTAS, and Ultra Tech Cement.
AVG Stock Price Movement
Shares of AVG Logistics Limited are trending higher to ₹202.00 as of 3:29 PM, gaining 1.48% in live trading. The stock has seen a volume of 7,626 shares traded so far during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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