AVG Logistics secures ₹72 crore contract, shares rise.

AVG Logistics Ltd’s shares were up by 0.73 per cent after the company announced bagging a long-term contract with a multinational FMCG company. The contract is valued at approximately ₹72 crore and will be executed over a period of three years.

This new business deal is expected to bolster AVG’s market presence in India, solidify its relationship with the customer, and contribute to projected double-digit growth in FY24. 

Sanjay Gupta, Managing Director and CEO, said, “This award signifies our Long-term relationship with FMCG customers and testimony of our efficient integrated logistics services and capabilities. I am happy to mention that this new order would help us to achieve the FY24 revenue target and overall performance of the company in years to come.”

HBL