Tiger Logistics Secures One-Year Import Mandate from Bank Note Paper Mill India
New Delhi, India - Tiger Logistics, a leading international logistics company, announced that Bank Note Paper Mill India Private Limited (BNPMIL), a Government of India enterprise, has awarded the company a one-year import logistics contract. The mandate is valued at approximately ₹2 crore, reflecting the client’s continued confidence in Tiger Logistics’ operational capabilities.The renewal of the contract significantly strengthens the company's revenue visibility and reinforces its growing presence in servicing government and Public Sector Unit (PSU) clients.
Under the newly awarded mandate, Tiger Logistics will oversee comprehensive logistics operations for BNPMIL’s imported consignments. These services include freight forwarding (air and sea), customs clearance, and inland transportation. The operations are centered around the Mysuru Plant and cover import shipments arriving through Bangalore Airport, Chennai Seaport, and Bangalore ICD, originating from multiple international locations such as Germany, France, Denmark, Switzerland, the United States, Canada, and Singapore.
Commenting on the development, Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, stated that the renewal reflects the trust placed in the company's operational capabilities and execution standards. He added that supporting BNPMIL’s international logistics requirements, which involve complex import movements across multiple global origins, requires precision, reliability, and strong compliance processes.
Contract Details
The key terms of the mandate, valued at Rs. 2,00,00,000, are detailed below:| Particulars | Details |
|---|---|
| Awarding Entity | Bank Note Paper Mill India Private Limited |
| Scope of Work | Freight forwarding (air and sea), customs clearance, and inland transportation operations |
| Type of Contract | Import Logistics Mandate |
| Contract Duration | One Year |
| Total Consideration | ₹2 crore (Rs. 2,00,00,000) |
Company Overview
Tiger Logistics India Limited is an international logistics company and solutions provider listed on NSE and BSE. The company provides services including freight forwarding (air & ocean), defense & project logistics, transportation, and customs clearance.Founded in 2000, the company has established itself as a reliable partner in the global logistics sector. Tiger Logistics manages end-to-end logistics requirements for its customers through an asset-light model, focusing on cost innovation and personalized service. The company’s extensive experience spans various industries, including automotive, renewable energy, engineering goods, pharmaceutical, commodities, and defense & aerospace.
TIGERLOGS Stock Price Movement
As of 3:01 PM, shares of Tiger Logistics (India) Limited are slipping by 4.99% in live trading, currently priced at ₹35.02. The equity has shed ₹1.84 during the session, trading within a range of ₹35.02 to ₹36.13 on a volume of 62,710.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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