Tiger Logistics secures extended agreements with BHEL, BEML, and BNPLIPL, strengthening its role in ocean and air freight services.
Tiger Logistics, a leading global logistics service provider, has renewed significant forwarding service agreements with three prominent state-run enterprises: Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML), and Bank Note Paper Mill India Limited (BNPLIPL).
In a regulatory filing, the BSE-listed company announced that these renewed contracts entrust Tiger Logistics with handling customs clearance and forwarding services for ocean and air freight, including export and import operations.
Earlier this year, Tiger Logistics signed a warehouse services agreement with BHEL and successfully completed critical logistics projects for Hindustan Aeronautics Limited (HAL) and the Airports Authority of India (AAI).
The company’s financial performance reflects its growing market trust, with net profit for Q2 FY2023-24 more than doubling to over ₹8 crore compared to ₹3.22 crore in the same quarter last year. Total revenue surged threefold year-over-year, reaching ₹162.40 crore from ₹53.99 crore.
Founded in 2000, Tiger Logistics continues to expand its portfolio of freight management and logistics services, solidifying its position as a reliable partner for both domestic and international operations.
