AVG Logistics Secures Three-Year Contract from Haldiram-Nagpur for Fleet Deployment
AVG Logistics Limited, a leading provider of multimodal logistics solutions in India, has secured a significant long-term transportation contract with Haldiram-Nagpur. The agreement involves deploying 100 dedicated vehicles to manage the logistics and distribution needs of the renowned FMCG brand across various regions of India.The contract provides AVG Logistics a strategic foothold in the fast-moving consumer goods (FMCG) sector. Over the initial three-year period, the contract is expected to generate approximately ₹35 Crore in annual revenue for the company. The scope of work requires AVG Logistics to support Haldiram-Nagpur across the Western and Southern regions of India, along with key eastern states including Odisha, Bihar, and Jharkhand.
This major order aligns with AVG Logistics' strategy focused on capacity expansion through dedicated long-term contracts with industry leaders. The addition of 100 vehicles will significantly enhance the company's fleet capacity, allowing it to improve service coverage, optimize turnaround times, and boost delivery efficiency across these critical distribution corridors.
Mr. Sanjay Gupta, Managing Director & CEO of AVG Logistics Limited, stated that the order reflects "a meaningful expansion of our fleet capacity and highlights the confidence that leading FMCG companies place in our capabilities." He added that strengthening the presence in the FMCG sector is a priority, enabling the company to deliver scalable and reliable logistics solutions.
The agreement was finalized by Mr. Vinayak Gupta, Chief Strategy Officer & ESG Head at AVG Logistics, and Mr. Sumit Garg, Executive Vice President of AVG Logistics Limited, in collaboration with representatives from Haldiram-Nagpur.
Contract Details Snapshot
| Aspect | Detail |
|---|---|
| Client | Haldiram-Nagpur |
| Duration | 3 Years |
| Scope | Deployment of 100 dedicated vehicles |
| Annual Revenue Potential | Approx. ₹35 Crore |
Operational Strength and Clientele
AVG Logistics Limited, founded in 2010, operates as a trusted multimodal logistics solutions provider. The company specializes in road and rail transportation, warehousing, distribution, and supply chain management, covering both reefers/cold chain segments. AVG operates a fleet of over 3000 hired and owned vehicles, supported by more than 8,56,369 Sq. Ft. of warehousing space across India.The company’s extensive client base includes major domestic and multinational corporations such as Nestle, Ferrero, HUL, ITC, Marico, Apollo Tyres, TATA Steel, Mother Dairy, and Bharti Airtel.
For the fiscal year 2025 (FY25), AVG Logistics reported a Revenue of ₹551.52 Cr, EBITDA of ₹95.57 Cr, and PBT of ₹26.33 Cr.
AVG Stock Price Movement
Shares of AVG Logistics Limited are edging higher to ₹169.92 as of 11:20 AM today, gaining 1.01% in active trading. The stock is currently seeing a volume of 47,580 shares during its live 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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