AVG Logistics announces Strategic Joint Venture with Sunil Transport - Ventures into Liquid Transportation

AVG Logistics Limited, a leading multimodal logistics solutions provider, has announced a joint venture (JV) with Sunil Transport, a leader in liquid transportation services.

The joint venture between AVG Logistics and Sunil Transport showcases the dedication of both entities to deliver exceptional logistics solutions to clients across India. Potential for the liquid transportation is huge in the domestic market and this Joint Venture would allow both companies to deliver liquid transportation solutions to its customers with highest safety & quality standards.

Mr. Sanjay Gupta - Managing Director & CEO of AVG Logistics Limited, expressed, "We are extremely excited for this joint venture as we embark on this new journey into the liquid transportation industry. We are confident that the synergies from AVG's network, clientele, brand and Sunil Transport's experience & expertise of 50+ years in the logistics industry would result in sustainable, reliable & safe transportation and logistics solutions for our prestigious customers".

Mr. Sunil Agrawal - Partner of Sunil Transport, said, "We are extremely delighted and privileged to join hands with AVG Logistics, a company known for its innovation and customer-centric approach. By pooling our resources and knowledge, we aim to help both entities to achieve great performance in the years to come".

Shares of AVG Logistics Limited was last trading in BSE at Rs. 293.00 as compared to the previous close of Rs. 294.45. The total number of shares traded during the day was 2554 in over 162 trades.

The stock hit an intraday high of Rs. 295.70 and intraday low of 287.10. The net turnover during the day was Rs. 748575.00.

Source : Equity Bulls

Keywords

AVGLogistics INE680Z01018 JV SunilTransport LiquidTransportation