AVG Logistics to run cargo trains between North-East and North India under a 6-year, Rs 198 crore deal.
In a major boost to freight connectivity, Indian Railways has awarded AVG Logistics Limited a six-year contract worth Rs 198 crore to operate a leased Parcel Cargo Express Train (PCET). This strategic move aims to bolster cargo movement across a 2,768 km stretch connecting Delhi/Ludhiana with Agartala/Guwahati.
Under the agreement:
- The PCET will operate four round trips per month, totalling 313 journeys during the contract period.
- Each one-way trip will take approximately 90 hours, ensuring consistent and reliable delivery.
- The carrying capacity per trip is expected to increase from 364 tonnes to 484 tonnes after the first six months.
This marks a significant milestone for AVG Logistics, a leading multimodal logistics provider in India since 2010. The company offers comprehensive, tech-enabled 3PL services, including road and rail transportation, cold chain warehousing, and automated distribution solutions.
AVG operates:
- A fleet of 3,000+ vehicles
- 705,000 sq. ft. of warehousing space across 50+ automated locations
- With support from 400+ logistics professionals, AVG serves top-tier clients like Nestle, HUL, Coca-Cola, ITC, Airtel, MRF, and more.
This landmark deal not only highlights AVG’s logistics prowess but also aligns with Indian Railways’ mission to enhance national freight mobility. With shares up 20% from its 52-week low and a market cap exceeding Rs 350 crore, AVG Logistics is poised for long-term growth and impact.
Source: ET Infra
