Shares of AVG Logistics Limited gained 2% higher on Friday, 13 December, after the company announced securing a work order worth Rs 90 crore from one of the leading cement companies. 

In its regulatory filing, the company said that they have secured a new order for a total consideration of Rs 90 crore for a period of 3 years. 

With its deep expertise in managing intricate logistics networks, AVG is well-positioned to provide customized solutions for the cement supply chain, encompassing everything from raw material transport to the delivery of finished products. By optimizing and streamlining logistics operations, AVG aims to enhance the cement company’s operational efficiency while supporting sustainable growth.

This work order represents AVG’s entry into the rapidly expanding cement industry, which will be implemented in phases. Given the critical role of cement in driving India’s construction and infrastructure growth, this partnership offers AVG a strategic opportunity to broaden its presence in the sector.

AVG Logistics Limited is a prominent provider of multimodal logistics solutions, offering tailored, technology-driven services in transportation, warehousing, distribution, and supply chain management. The company operates through 50+ fully automated branches, utilizes a fleet of over 3,000 owned and hired vehicles, and manages 705,000 square feet of warehousing space across India.

The company boasts a robust client portfolio, including renowned brands such as Nestle, HUL, Airtel, MRF, Jubilant, Apollo Tyres, JK Tyres, ITC, UltraTech Cement, Coca-Cola, and several other leading retail and multinational corporations.

However, at 12:44 pm, the shares of AVG Logistics were trading 1.42% lower at Rs 411 on NSE.

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