AVG Logistics rises on securing order from leading cement company

AVG Logistics is currently trading at Rs. 420.80, up by 4.05 points or 0.97% from its previous closing of Rs. 416.75 on the BSE.

The scrip opened at Rs. 413.70 and has touched a high and low of Rs. 426.20 and Rs. 410.45 respectively. So far 2702 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 665.40 on 27-Feb-2024 and a 52 week low of Rs. 313.35 on 21-Dec-2023.

Last one week high and low of the scrip stood at Rs. 430.00 and Rs. 402.15 respectively. The current market cap of the company is Rs. 610.70 crore.

The promoters holding in the company stood at 51.54%, while Institutions and Non-Institutions held 9.55% and 38.91% respectively.

AVG Logistics (AVG) has successfully secured a prestigious order from one of the most renowned cement companies in India. This major development would strengthen AVG’s market position and expected to add around Rs 90 crore over a period of 3 years to the company’s annual revenue started from Q3FY2025.

The newly inked agreement is a significant milestone for AVG Logistics, marking the company’s entry into rapidly growing cement industry and will be initiated in a phased manner with effect from Q32025. With cement being one of the most essential sectors in India’s construction and infrastructure growth, the deal would help and positions AVG to expand its horizon into cement industry.

The contract also underscores AVG Logistics' commitment to its mission of fostering strong, collaborative relationships with customers, supporting them in meeting their supply chain objectives. Through this partnership, AVG aims to optimize and streamline the logistics operations of the cement company, contributing to both operational efficiency and sustainable growth.

This engagement aligns with AVG’s long-term vision of expanding its footprint in key industries, strengthening its capabilities, and consistently creating value for its stakeholders.

AVG Logistics offers their customers services in three key areas like transportation whereby they provide point-to-point, less-than truck-load, time-definite transportation services; warehousing whereby they provide warehousing, distribution and cold-chain warehousing; and value-added Services including, temperature-controlled logistics, supply chain solutions and cargo handling services at integrated check posts.