AVG Logistics Secures 6-Year Parcel Train Leasing Contract with Indian Railways

AVG Logistics’ shares experienced a sweet start this week, following its announcement of a significant achievement in securing a long-term contract with the Indian Railways. Valued at Rs 105 crore, this 6-year agreement marks a pivotal milestone for the company, propelling it into a new phase of expansion and collaboration within India’s logistics landscape.

The contract entails the lease of a parcel cargo express train (PCET), which will operate between Korukkupet Goods Shed in Chennai and New Guwahati Goods Shed in Guwahati. Over the course of the contract, the train will undertake 313 trips, with four trips scheduled every month. Initially carrying a capacity of 364 tonnes per trip, this capacity will later increase to 484 tonnes, demonstrating the scalability and efficiency of AVG Logistics’ operations.

Covering a distance of 2500 kilometers within a span of 72 hours, the express train service promises swift and seamless connectivity between the two key locations. This development underscores AVG Logistics’ commitment to enhancing logistical capabilities and facilitating efficient movement of goods across vast distances.

Sanjay Gupta, Managing Director & CEO of AVG Logistics, expressed enthusiasm about the collaboration with Indian Railways, emphasizing the strategic importance of this partnership in advancing the company’s objectives. He highlighted the significant revenue generation of Rs 105 crore from the contract, which not only strengthens the company’s financial position but also provides a solid foundation for pursuing future ambitious projects.

AVG Logistics, a prominent player in the Indian logistics sector, specializes in providing tailored and technology-driven solutions across various domains, including transportation, warehousing, distribution, and supply chain management. With a focus on delivering value-added services, including third-party logistics (3PL), the company continues to bolster its position as a leading provider of comprehensive logistics solutions in the region.

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