AVG Logistics zooms on bagging long-term transportation contract from Haldiram
AVG Logistics is currently trading at Rs. 187.05, up by 19.10 points or 11.37% from its previous closing of Rs. 167.95 on the BSE.
The scrip opened at Rs. 167.30 and has touched a high and low of Rs. 189.65 and Rs. 167.25 respectively. So far 19069 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 309.43 on 23-Jun-2025 and a 52 week low of Rs. 121.25 on 02-Apr-2026.
Last one week high and low of the scrip stood at Rs. 189.65 and Rs. 145.80 respectively. The current market cap of the company is Rs. 354.80 crore.
The promoters holding in the company stood at 51.20%, while Institutions and Non-Institutions held 10.08% and 38.72% respectively.
AVG Logistics has secured a long-term transportation contract from Haldiram-Nagpur, one of India's most renowned food brands and a leading manufacturer of sweets, namkeen, snacks, ready-to-eat products, beverages, and other fast-moving consumer goods (FMCG) offerings. Under the contract, the company will deploy 100 dedicated vehicles to support Haldiram Nagpur's logistics and distribution requirements across the Western and Southern regions of India, along with key eastern states including Odisha, Bihar, and Jharkhand. The contract has been awarded for an initial tenure of three years and is expected to generate around Rs 35 crore in annual revenue for the company. This order plays an important role in the company's ongoing capacity expansion strategy and further strengthens its position in the FMCG logistics sector.
The addition of 100 dedicated vehicles will enhance the company's fleet capacity, enabling the company to efficiently cater to the growing transportation requirements of the FMCG industry. The expanded fleet will be strategically deployed across key distribution corridors, improving service coverage, optimizing turnaround times, and enhancing delivery efficiency across multiple regions. This capacity augmentation aligns with the company's strategic objective of scaling operations through long-term dedicated contracts with leading industry players. The contract is expected to improve fleet utilization, enhance operational efficiencies, and provide greater revenue visibility over the medium term, thereby reinforcing the company's leadership position in the FMCG logistics segment.
