AVG Logistics Limited has informed regarding Disclosure of material issue
AVG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
AVG Logistics has secured a 6-year contract from Indian Railways (Northeast Frontier Railway) to operate a leased Parcel Cargo Express Train (PCET) connecting Agartala/Guwahati to Delhi/Ludhiana. The service will run 4 trips per month, totaling 313 trips over the contract period, with a carrying capacity of 364 tonnes per trip for the initial 6 months, rising to 484 tonnes thereafter. The train will cover 2,768 km in 90 hours, serving industries in tea, bamboo, FMCG, electronics, white goods, and other sectors. The company expects to generate approximately Rs. 198 crore in total revenue (around Rs. 33 crore per year) over the 6-year tenure. The contract is with a domestic government entity, and there are no related party interests involved.
Positive for the company — provides long-term revenue visibility of about Rs. 33 crore annually and expands AVG's rail-based green logistics portfolio. Investors should assess the Rs. 33 crore/year contribution relative to the company's overall scale and execution risk on the new route.