AVG Logistics Bags Major 3-Year Fleet Contract from Haldiram Nagpur for 100 vehicles

AVG Logistics Limited, (BSE - 543910, NSE - AVG), AVG Logistics Limited (BSE: 543910, NSE: AVG), a leading multimodal logistics solutions provider, has secured a significant long-term transportation contract from Haldiram-Nagpur, one of India's most renowned food brands and a leading manufacturer of sweets, namkeen, snacks, ready-to-eat products, beverages, and other FMCG offerings. Established over eight decades ago, Haldiram Nagpur has built a strong domestic and international presence and is widely recognized for its extensive product portfolio, robust distribution network, and commitment to quality.

Under the contract, AVG Logistics will deploy 100 dedicated vehicles to support Haldiram Nagpur's logistics and distribution requirements across the Western and Southern regions of India, along with key eastern states including Odisha, Bihar, and Jharkhand.

The contract has been awarded for an initial tenure of three (3) years and is expected to generate approximately ₹35 Crore in annual revenue for AVG Logistics. This order represents a significant milestone in the Company's ongoing capacity expansion strategy and further strengthens its position in the fast-moving consumer goods (FMCG) logistics sector.

The addition of 100 dedicated vehicles will enhance AVG Logistics' fleet capacity, enabling the Company to efficiently cater to the growing transportation requirements of the FMCG industry. The expanded fleet will be strategically deployed across key distribution corridors, improving service coverage, optimizing turnaround times, and enhancing delivery efficiency across multiple regions.

The agreement was finalized by Mr. Vinayak Gupta, Chief Strategy Officer & ESG Head, and Mr. Sumit Garg, Executive Vice President, AVG Logistics Limited, along with Mr. Kamal Aggarwal Ji from Haldiram-Nagpur.

This capacity augmentation aligns with AVG Logistics' strategic objective of scaling operations through long-term dedicated contracts with leading industry players. The contract is expected to improve fleet utilization, enhance operational efficiencies, and provide greater revenue visibility over the medium term, thereby reinforcing the Company's leadership position in the FMCG logistics segment.

Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited said, "This order represents a meaningful expansion of our fleet capacity and highlights the confidence that leading FMCG companies place in our capabilities. Strengthening our presence in the FMCG sector remains a key priority, and this deployment enables us to deliver more efficient, scalable, and reliable logistics solutions. We remain committed to supporting our clients' growth with high-quality transportation services."

Shares of AVG Logistics Limited was last trading in BSE at Rs. 167.95 as compared to the previous close of Rs. 156.70. The total number of shares traded during the day was 40358 in over 853 trades.

The stock hit an intraday high of Rs. 180.55 and intraday low of 154.95. The net turnover during the day was Rs. 6977408.00.

Source : Equity Bulls

Keywords

AVGLogistics INE680Z01018 3Years FleetContract