Deals27 Feb 2024, 04:12 pm
AVG Logistics Bags Rs. 7105 Crore 6-Year Contract from Indian Railways
AI Summary
AVG Logistics Limited has secured a 6-year long-term contract, valued at Rs. 7105 crore, for lease of Parcel Cargo Express Train (PCET) from the Indian Railways. The company will serve the industries in the field of Tyres, Hosiery, Garments, FMCG, Incenses, Tea, Bamboo, Plastic granules, Mosquito repellent, FMCG, Hair oil etc.,
Key Highlights
- Secured 6-year long-term contract with Indian Railways
- Value of contract: Rs. 7105 crore
- Carrying capacity: 364 tonnes for first six months, 484 tonnes per trip
- Express train service to cover 2500 km in 72 hours
- Positive impact on operational efficiency, service reliability, and overall business growth