Logistics Solution Provider Secures Multiple High-Value Contracts of Approx. Rs 30 Crore; Stock Rockets 14.5 Per Cent
The stock is up by 85.60 per cent from its 52-week low of Rs 68.65 per share.
Premier Roadlines Limited (PRL) announced the successful acquisition of several significant contracts worth approximately Rs 30 crore. The contract details are hereunder:
Premier Roadlines Ltd (PRL), established in 2008, is a leading provider of surface logistics solutions for dry cargo, specializing in shipments ranging from 1MT to 250MT. With its IBA-approved and ISO-certified status, PRL offers a wide range of services, including project logistics, over-dimensional cargo handling, contracted integrated logistics, and general logistics. Their expertise caters to sectors such as energy, infrastructure, renewables, and heavy engineering.
PRL operates a comprehensive PAN India network, utilizing a combination of third-party operators and its fleet of trucks, trailers, and hydraulic axles. Their operations extend beyond India, with an expanding presence in Nepal and Bhutan. Headquartered in Delhi, PRL boasts a network of 28 branch offices and a dedicated workforce of 210 employees. In FY24, they successfully managed 26,460 orders for 940 customers, overseeing a total of 19,851 vehicles.
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On Monday, shares of Premier Roadlines Ltd gained 14.50 per cent to an intraday high of Rs 127.40 per share from its previous closing of Rs 111.30 per share. The company has a market cap of Rs 287 crore. The stock’s 52-week high is Rs 174.90 and gave 93.5 per cent from its 52-week low of Rs 68.65 per share. The stock is up by 85.60 per cent from its 52-week low of Rs 68.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.