Logistics Solution Provider Secures Multiple High-Value Contracts of Approx. Rs 63 Crore
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 acquisition of several high-value contracts of approximately. Rs 63 crore. The significant high-value orders of Rs 37 crore for renewable solar panel transport from industry leaders like Premier Energies and ReNew Photovoltaics, with tenures up to 6 months; a major Rs 8 crore contract from Megha Engineering & Infrastructure Limited for transporting India's largest Tunnel Boring Machine (TBM) and associated logistics, spanning up to 4 months; numerous orders ranging from Rs 4 crore to Rs 50 lakh, covering general cargo, over-dimensional goods, DG sets, heavy gearboxes, and TBM components for clients including leading power transmission companies, Jakson Limited, German MNCs, Larsen & Toubro, and various manufacturing and engineering firms, with tenures ranging from one month to one year.
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.
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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.
On Wednesday, shares of Premier Roadlines Ltd gained 11 per cent to an intraday high of Rs 100.05 per share from its previous closing of Rs 90.20 per share. The company has a market cap of over Rs 200 crore. The stock’s 52-week high is Rs 174.90 and gave 46 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.