Announced Thu, 13 Aug · 22:45 IST
Tiger Logistics wins Rs 8.8 crore HPCL air cargo contract
TIGERLOGS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹25.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.1+9.8+13.7+15.7+18.8—————
Up moveDown movePending
AI summary
Tiger Logistics secured two air import contracts from HPCL worth about Rs 8.80 crore to move 310 MT of cargo in three chartered flights. Around 80 MT will come from France and 210 MT from Saudi Arabia to Visakhapatnam. The one-year contract covers air freight, customs clearance and inland transport on an end-to-end basis. The win follows a prior BHEL project and strengthens the company's air cargo capability with PSU clients.
Likely market impact
Adds to order book and validates air cargo expertise with PSU clients. Positive for revenue, though scale versus total turnover is not disclosed.