Investment14 May 2025, 02:20 pm
AVG Logistics Secures 2112 Cr Debt Funding from PSU Banks for Capex Requirement till FY 2025-26
AI Summary
AVG Logistics Limited, a leading multimodal logistics solutions provider, has received debt funding approvals of up to approximately 2112 Cr from two prominent PSU’s banks. The funds will be utilized for the strategic purchase of capital assets to cater long term contract for prestigious customers and further enhancing AVG Logistics’ operational capabilities towards its growth targets. The addition of these facilities would allow AVG to generate approximate Rs. 100 Crore annualized revenue and we expect utilization of these facilities by 31% March 2026.
Key Highlights
- AVG Logistics secured long term banking facilities of 2112 Cr from PSU Banks
- Funds will be used for strategic purchase of capital assets for long term contracts
- Expected to generate approximate Rs. 100 Crore annualized revenue
- Utilization of facilities expected by 31% March 2026
- Procurement of assets will strengthen AVG Logistics’ Full Truck Load (FTL), Partial Truck Load (LTL) offerings, enhance its cold chain expansion, Green Logistics Expansion i.e. EV & LNG Fleets Procurement and improve nationwide distribution efficiency