AVG Logistics zooms on acquiring land parcel to set up warehouse, ancillary unit in Himachal Pradesh
AVG Logistics is currently trading at Rs. 182.20, up by 10.60 points or 6.18% from its previous closing of Rs. 171.60 on the BSE.
The scrip opened at Rs. 186.95 and has touched a high and low of Rs. 186.95 and Rs. 179.00 respectively. So far 1249 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 357.15 on 08-Jan-2025 and a 52 week low of Rs. 156.40 on 12-Dec-2025.
Last one week high and low of the scrip stood at Rs. 197.65 and Rs. 171.20 respectively. The current market cap of the company is Rs. 274.35 crore.
The promoters holding in the company stood at 52.51%, while Institutions and Non-Institutions held 10.13% and 37.36% respectively.
AVG Logistics has acquired land parcel admeasuring 2,295 square metres located at Tahliwal, District Una, Himachal Pradesh, for the purpose of developing warehouse and ancillary unit. The acquired land is situated near to the Nestle factory at Tahliwal, the location of the land offers strong infrastructure support, connectivity, and easy access to manpower.
The acquisition is a strategic step in line with company’s long-term strategy focused on capacity expansion and regional diversification. The proposed unit at Tahliwal, Himachal Pradesh will enable the company to strengthen its footprint in North India. The company is rendering its services to Nestle India in Tahliwal, Himachal Pradesh, acquisition of land parcel will enable the company to provide value added services to Nestle India or other customers of the Company in Tahliwal.
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.
