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Stock Report
Jet Freight commences Electric Vehicle for Last-mile deliveries with Jet Freight Express
Posted On : 2022-01-31 23:59:40( TIMEZONE : IST )
Jet Freight, one of India's leading freight forwarders, has continued to lead the logistics category with technical innovation. In a bid to reduce overall carbon footprint, Jet Freight's wholly-owned subsidiary, Jet Freight Express Private Limited (JETXPS), began operations of its last-mile delivery via Electric Vehicle in their latest exclusive contract with several e-Commerce Companies. Jet Freight plans to include more electric vehicles to serve multinational companies as part of a global effort to make cargo transportation more sustainable and environmentally friendly.
Today's generation of consumers demands fast deliveries and Jet Freight is counting on the JETXPS team to help our partners in this endeavor. The company is keen to be taking a forward step in reducing our carbon footprint while fulfilling our logistics obligations and integrating our logistics services to the front door of the client's warehouse.
According to Richard Theknath, Chairman and Managing Director, Jet Freight, "We are excited to see JETXPS taking the environment-friendly route and sparking investor interest in the EV space. The company currently has added electric two-wheelers and serves across Mumbai and Pune, he added. With the current prototype and positive scalability, we plan to provide delivery services via Electric Vehicle motivating multivaried sectors for opting ozone-friendly approach.
JETXPS is quickly gaining prominence as a domestic and hyperlocal service arm of Jet Freight, which provides inter-city logistics, micro-fulfillment, and warehousing solutions to e-commerce and retail businesses. JETXPS has successfully acquired food-delivery, pharma, grocery, and other B2B clients for its last-mile delivery solutions. With over 13 regional presence across the country, JETXPS will be empowered to integrate its logistic efforts for superior last-mile delivery solutions and provide seamless and environmentfriendly deliveries for its partners.
Shares of Jet Freight Logistics Limited was last trading in BSE at Rs. 70.65 as compared to the previous close of Rs. 74.35. The total number of shares traded during the day was 12020 in over 274 trades.
The stock hit an intraday high of Rs. 77.95 and intraday low of 70.65. The net turnover during the day was Rs. 898082.00.
