Deals3 May 2025, 08:41 pm
AVG Logistics Secures 6-Year Contract from Indian Railways for Parcel Express Train Operations
AI Summary
AVG Logistics Limited has secured a 6-year long-term contract with the Indian Railways for the lease of a Parcel Cargo Express Train (PCET). The train will connect Agartala (Tripura) / Guwahati (Assam) to Delhi / Ludhiana (Punjab) and will complete 4 trips every month over the next 6 years, totaling 313 trips during the contract tenure. The carrying capacity during the trip is expected to be 364 tonnes per trip for the initial 6 months and will increase to 484 tons per trip later. The Express Train Service will cover a distance of 2768 kilometers in 90 hours, ensuring expeditious, seamless connectivity between the two locations. The contract is expected to generate revenue of ~Rs. 198 Crore (~Rs. 33 Crore p.a.) over 6 years.
Key Highlights
- AVG Logistics has secured a 6-year long-term contract with the Indian Railways for the lease of a Parcel Cargo Express Train (PCET).
- The train will connect Agartala (Tripura) / Guwahati (Assam) to Delhi / Ludhiana (Punjab) and will complete 4 trips every month over the next 6 years.
- The carrying capacity during the trip is expected to be 364 tonnes per trip for the initial 6 months and will increase to 484 tons per trip later.
- The Express Train Service will cover a distance of 2768 kilometers in 90 hours, ensuring expeditious, seamless connectivity between the two locations.
- The contract is expected to generate revenue of ~Rs. 198 Crore (~Rs. 33 Crore p.a.) over 6 years.