AVG Logistics Secures 5-Year Contract for 30 EV Trucks from Cement Manufacturer
AVG Logistics secured a 5-year contract to deploy 30 heavy-duty EV trucks for a cement manufacturer, managing logistics across North East India. The deal, valued at approximately ₹18 crore per annum, includes establishing EV charging infrastructure. This partnership is expected to boost revenue and profitability.
The contract is long-term (5 years, extendable by 3), involves a substantial fleet of 30 heavy-duty EV trucks, and is expected to significantly strengthen the company's financial standing, topline, and operating profitability. The commercial value is approximately ₹18 crore per annum, making it a material development.
The announcement details a new, significant long-term contract for AVG Logistics, involving the deployment of 30 EV trucks and the establishment of charging infrastructure, which is expected to enhance revenue and profitability. This indicates a positive development for the company.
AVG Logistics Limited has announced a significant long-term contract with a renowned Indian cement manufacturer to deploy a fleet of 30 heavy-duty Electric Vehicle (EV) trucks. This strategic partnership aims to enhance sustainable industrial bulk logistics and strengthen AVG's specialized industrial transport portfolio.
The contract, which has a tenure of 5 years with an option for a 3-year extension, will involve managing inbound and outbound logistics for raw materials and finished goods across key industrial corridors in the North East region. The operations will support high-capacity transport, with each trip averaging a net load of 38 to 41 metric tons.
A key aspect of this collaboration includes AVG Logistics establishing, operating, and maintaining dedicated EV charging stations, underscoring a commitment to zero-emission supply chain practices. The company will leverage GPS monitoring, digital automation tracking, and strict adherence to safety and transit timelines to ensure efficient execution of this high-volume contract.
This long-term engagement is projected to bolster AVG Logistics' financial standing, contributing to topline growth and operating profitability through high fleet utilization and stable cash flows. The integration of advanced EV infrastructure and operational efficiencies is expected to drive margin expansion, enhancing stakeholder value. Mr. Sanjay Gupta, Managing Director of AVG Logistics, highlighted the partnership as a reflection of the company's core strengths in industrial logistics and its strategic vision for profitable, green, and sustainable growth.
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