Tiger Logistics Secures Major Import Break Bulk Project from BHEL
Tiger Logistics (India) Limited, a key provider of international logistics solutions, has secured a significant import break bulk logistics mandate from Bharat Heavy Electricals Limited (BHEL), one of India's largest public sector engineering and manufacturing enterprises. The project underscores the company's established relationship with BHEL and its capabilities in handling complex industrial projects.The new contract involves the movement of 13 over-dimensional cargo units, each weighing 89 MT, from Italy to India. The total value of this logistics mandate is approximately ₹4 crore, which includes all necessary handling charges.
This project serves as a continuation of Tiger Logistics' long-standing partnership with BHEL. Prior to this contract, the company had successfully delivered 28 machine components in line with project specifications and timelines for BHEL.
Tiger Logistics has served as a trusted logistics partner for BHEL, supporting complex supply chain needs across various specialized requirements. These services include customs clearance, warehousing, transportation, air freight, break bulk cargo movement, and handling over-dimensional cargo (ODC) movements globally.
Commenting on the development, Mr. Harpreet Singh Malhotra, Chairman and Managing Director of Tiger Logistics (India) Limited, stated that their continued association with major Public Sector Undertakings (PSUs) reflects the trust built over years of executing complex and high-value logistics assignments. He added that industrial projects of this scale demand meticulous planning and specialized handling capabilities to contribute efficiently to nation building.
The award highlights the company's growing expertise in the industrial project logistics segment, specifically concerning heavy-lift, break bulk, and over-dimensional cargo movements for infrastructure and energy sector projects.
Project Details Snapshot
The details of the contract awarded by BHEL are as follows:| Particulars | Detail |
|---|---|
| Awarding Entity Name | Bharat Heavy Electricals Limited (BHEL) |
| Nature of Contract | Ocean Freight and Handling charges |
| Transaction Type | International Import |
| Scope | Movement of 13 over-dimensional cargo units from Italy to India |
| Unit Weight | Each unit weighs 89 MT |
| Total Consideration | Approximately ₹4,00,00,000 |
| Execution Period | Tentatively 6 months |
TIGERLOGS Stock Price Movement
Tiger Logistics (India) Limited shares edged higher in post-market today, closing at ₹35.16 after posting a gain of 1.67%. The stock saw a traded volume of 23,344 shares during the day's sessions.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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