Stock Report

Tiger Logistics Empaneled by HPCL for Strategic Logistics Services



Posted On : 2024-12-30 16:33:49( TIMEZONE : IST )

Tiger Logistics Empaneled by HPCL for Strategic Logistics Services

Tiger Logistics (India) Limited, a BSE-listed leader in global logistics services, is pleased to announce its empanelment by Hindustan Petroleum Corporation Limited (HPCL). This milestone reinforces Tiger Logistics' reputation as a trusted provider of comprehensive and innovative logistics solutions. The empanelment highlights the company's commitment to quality, reliability, and client satisfaction, as it will support HPCL's critical freight and customs handling operations, ensuring smooth processes for imports and exports.

Earlier this year, Tiger Logistics renewed collaborations with BHEL, BEML, and BNPLIPL, further strengthening its expertise in air and sea cargo operations. Notable accomplishments include a warehousing contract with BHEL and significant logistics projects for AAI and HAL. Tiger Logistics views partnerships with public entities and PSUs as central to its strategy, leveraging its ability to manage complex global shipments for critical needs.

Empanelment Details:

- Scope of Services: Comprehensive Air & Sea Freight solutions, including end-to-end Clearing and Forwarding services tailored to meet HPCL's operational demands.

- Financial Limit: ₹546 Lakhs, demonstrating confidence in Tiger Logistics' ability to manage large-scale assignments.

- Duration: Three-year validity, with provisions for renewal based on performance and service excellence.

Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, expressed gratitude for this achievement, stating, "We are honoured to be empaneled by HPCL, a respected public sector organisation. This recognition underscores our commitment to delivering high-quality logistics services and solidifies our leadership in the industry. We look forward to building a strong, mutually beneficial partnership with HPCL, contributing to their success, and expanding our presence in the logistics sector.

This milestone reflects our ongoing dedication to excellence, marking a significant step in our expansion into strategic sectors like defence, renewable energy, and infrastructure. Tiger Logistics is focused on becoming the preferred logistics partner for government agencies and PSUs, and we sincerely appreciate the trust and support of our partners as we work toward a successful future together."

Source : Equity Bulls

Keywords

TigerLogisticsIndia Empanelment HPCl LogisticsServices