Logistics Solution Provider Forays Into The Defense Sector With New Order Of Approx. Rs 5,00,00,000
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.
Premier Roadlines Ltd has successfully secured its first order from the defence sector, a significant milestone that underscores the company's strategic expansion into this critical industry. The order, valued at approximately Rs 5 crore, involves the transportation of goods for a leading defence company. This achievement not only solidifies Premier Roadlines' position as a reliable logistics partner but also demonstrates its commitment to providing tailored solutions to meet the stringent requirements of the defence sector.
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.
The company raised funds through an Initial Public Offering (IPO). The funds raised will be allocated towards various purposes, including repaying existing borrowings, purchasing commercial vehicles for operations, fulfilling working capital requirements and addressing general corporate needs.
On Tuesday, shares of Premier Roadlines Ltd gained 3.63 per cent to an intraday high of Rs 132.80 per share from its previous closing of Rs 128.15. The company has a market cap of Rs 295 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.
Disclaimer: The article is for informational purposes only and not investment advice.
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