500 per cent returns and FIIs increase stake: This multibagger logistics stock bags Rs 60 crore order from Uttar Pradesh State Road Transport Corporation!
Shares of this company jumped more than 80 per cent in the last one year.
AVG Logistics Ltd. has secured a significant partnership with Uttar Pradesh State Road Transport Corporation (UPSRTC), becoming their authorized partner for express parcel services in the state. This 5-year contract, valued at an expected Rs 60 crore, marks a major step for AVG, solidifying its position in the express parcel delivery segment.
The collaboration leverages UPSRTC's massive bus network, with AVG securing space in 9,000 buses for parcel delivery. This extensive reach will ensure efficient distribution across urban and rural areas throughout Uttar Pradesh, a state known for its logistical challenges. AVG aims to address these challenges with their expertise and customer-centric approach, streamlining the express parcel delivery process and contributing to the state's economic growth.
This win strengthens AVG's reputation as a leader in the logistics industry and positions them for sustained growth and profitability. With a commitment to providing reliable, fast, and cost-effective delivery solutions, AVG is set to transform the logistics landscape of Uttar Pradesh.
Earlier, AVG Logistics secured a major contract to transport appliances for a top manufacturer. This 3-year deal, worth approximately Rs. 50 crores, will see AVG leverage its extensive network to move washing machines, refrigerators, and other appliances in an eco-friendly way.
AVG Logistics Limited is one of the leading multimodal logistics solutions providers based in India. Founded in 2010, the company has rapidly grown to become a trusted partner for businesses across India. The shares of the company have gained of more than 500 per cent in the last three years and FIIs have increased their stake in the company in March 2024.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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