Tiger Logistics Successfully Secures Government Tender from Bharat Heavy Electricals Limited

Tiger Logistics (India) Ltd., a prominent third-party logistics company specializing in international cargo and project logistics, has announced a significant achievement. The company has successfully secured a substantial Government Tender from Bharat Heavy Electricals Limited (BHEL) for exporting goods by air. This accomplishment is poised to significantly boost the company's air logistics operations. This achievement is attributed to the prestigious Certificate of Accreditation granted by the International Air Transport Association (IATA), which has enabled the company to explore new opportunities in the realm of air export logistics that were previously inaccessible.

This recent government project is a noteworthy addition to the series of other successful government projects that our company has managed over the years. Some of the notable projects include Bank Note Paper Mill India Private Limited, 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 International Limited, and National Institute of Solar Energy (NISE). These accomplishments underscore our company's expertise and dedication in effectively handling diverse government projects. The company's leadership holds a positive outlook regarding its role in managing logistics for government projects.

Commenting on this achievement, Mr. Harpreet Singh Malhotra, the CMD, expressed his thoughts, saying, "In the present circumstances, our company is already engaged in overseeing a number of government projects. Moving forward, our aim is to further solidify our position in managing government logistics, with the goal of handling substantial business volume. The selection of our tender by a government organization is a result of dedicated efforts. Our company is strongly committed to pursuing additional Government Projects in this financial year. This approach not only ensures consistent growth but also enhances our brand visibility and secures a reliable payment cycle."

Shares of Tiger Logistics (India) Ltd was last trading in BSE at Rs. 357.45 as compared to the previous close of Rs. 360.65. The total number of shares traded during the day was 6668 in over 158 trades.

The stock hit an intraday high of Rs. 367.95 and intraday low of 355.00. The net turnover during the day was Rs. 2394486.00.

Source : Equity Bulls

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TigerLogisticsIndia INE906O01011 OrderWin BHEL