Investment24 Jul 2025, 08:31 pm
AVG Logistics Secures 20 Crore Term Loan for Working Capital and Fleet Expansion
AI Summary
AVG Logistics Limited has received a term loan facility of 20 crore from a prominent Non-Banking Financial Company (NBFC) to support its working capital requirements and capital expenditure. The funding will be used to import ISO tank containers and expand its fleet, marking a significant milestone as the company ventures into the specialized domain of liquid chemical transportation. This move is expected to open new growth avenues for the Company, positioning it as a key player in a niche but crucial segment of the supply chain.
Key Highlights
- AVG Logistics secures 20 crore term loan from a prominent NBFC
- Funding to support working capital requirements and fleet expansion
- Import of ISO tank containers for liquid chemical transportation
- Venturing into a specialized and growing segment within the Indian logistics industry
- Contributing to greener, more efficient transportation by reducing carbon emissions