Zaggle signs 5-year agreement with HPCL for Drive Track Plus fleet programme
ZAGGLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zaggle has entered a 5-year agreement with Hindustan Petroleum Corporation Limited (HPCL) to provide loyalty reward points funded by HPCL for fuel purchases by Zaggle's corporate, fleet and retail customers through HPCL's Drive Track Plus fleet card programme. Contract value is not disclosed as it will depend on user onboarding and fuel spends by Zaggle customers over the 5-year period. This is a domestic agreement with no related party concerns and no promoter interest in HPCL.
Positive for long-term growth and recurring revenue from fleet and fuel segment, but exact financial impact remains unclear due to variable, usage-based value.