Tiger Logistics India Ltd bags Government Tender

Tiger Logistics (India) Limited (BSE Scrip ID - 536264) has bagged a Government Tender of Bank Note Paper Mill India Private Limited which will help in the enhancement of business of the company.

Above government project is in addition to other government projects which the company has handled in the previous years such as Hindustan Insecticides Limited (HIL), Airports Authority of India (AAI), Hindustan Aeronautics Limited (HAL), Bharat Earth Movers Limited (BEML), National Automotive Testing and R&D Infrastructure Project (NATRiP), Indian Oil Corporation Limited (IOCL), Chittaranjan Locomotive Works (CLW), IRCON Inetrnational Limited, National Institute of Solar Energy (NISE) etc.

The management of the company is very optimistic about handling Logistics for Government Projects.

Commenting on this occasion Mr. Harpreet Singh Malhotra, CMD said, "In the Current scenario, our Company is handling few government projects. Going ahead, the Company aims to strengthen its position to handle logistics for the government with a target to handle sizable business. Selection of our tender by such government organization is an outcome of hard work. The Company is very bullish in handling more Government Projects in this Financial Year. As this enables a predictable growth, branding and assured payment Cycle."

Shares of Tiger Logistics (India) Ltd was last trading in BSE at Rs. 377.10 as compared to the previous close of Rs. 378.05. The total number of shares traded during the day was 12356 in over 144 trades.

The stock hit an intraday high of Rs. 387.00 and intraday low of 374.00. The net turnover during the day was Rs. 4656518.00.

Source : Equity Bulls

Keywords

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