Tiger Logistics has successfully clinched a substantial government tender from Bharat Heavy Electricals (BHEL), marking a notable addition to its portfolio of government projects. The logistics firm, valued at Rs. 888 crore, will now comprehensively handle import and export logistics for BHEL, offering services such as custom clearance, forwarding, handling, transportation, and warehousing.
This accomplishment follows the company’s involvement in various government projects, including Hindustan Petroleum Corporation(HPCL), Indian Oil Corporation (IOCL), and Hindustan Aeronautics (HAL).
Harpreet Singh Malhotra, MD of Tiger Logistics, expressed the company’s commitment to solidifying its presence in government logistics amidst an already robust engagement in overseeing multiple government projects. The leadership remains optimistic about the firm’s capabilities in effectively managing diverse government initiatives.
Tiger Logistics, a small-cap stock, has emerged as a multi-bagger in the Indian stock market, doubling shareholder value in the last six months and experiencing a remarkable 95 percent surge in the past year. Over the last five years, the small-cap stock has witnessed an impressive growth of over 500 percent, underlining its resilience and success in the logistics sector.