Multibagger Logistics Solution Provider Bags Multiple High-Value Contracts of Rs 20.07 Crore

The stock’s 52-week high is Rs 174.90 and gave multibagger returns of over 100 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 Rs. 20.07 Crores. 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.

The company plans to raise 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 Thursday, shares of Premier Roadlines Ltd gained 1.11 per cent to an intraday high of Rs 138.45 per share from its previous closing of Rs 136.90. The company has a market cap of over Rs 300 crore. The stock’s 52-week high is Rs 174.90 and gave multibagger returns of over 100 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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