AVG Logistics Limited has informed the Exchange about General Updates
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AVG Logistics announced the successful launch of its electric vehicle fleet at Tata Steel's premises on June 23, 2025. The company claims to be the first in India to deploy 55-ton high-capacity electric trucks from Tata Motors in commercial operations. The EVs will handle intra-plant and short-haul deliveries for Tata Steel, supporting both companies' green logistics goals. The company states this initiative is expected to boost revenue by expanding service capabilities and improving operational efficiency. For context, AVG Logistics reported FY25 revenue of ₹551.52 crore, EBITDA of ₹95.57 crore, and PBT of ₹26.33 crore.
This is a positive sustainability milestone that strengthens AVG's relationship with a major client (Tata Steel) and positions the company as an early mover in green logistics. However, no specific revenue or order value figures were disclosed, so the near-term financial impact remains uncertain for shareholders.