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.

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.