Eiko Lifesciences Limited, through its subsidiary EikoVivify Logistics Private Limited, has entered into a significant Container Service Management Agreement with S J Logistics (India) Limited. The agreement, finalized on December 18, 2024, aims to provide leasing, renting, and management of 2500 TEUs/cargo containers for logistics, storage, and transportation of goods.
Key Highlights:
- Revenue Stream: The agreement is valued at ₹65 crore over a 5-year period, with renewable options.
- Scope: Includes maintenance, container management solutions, and leasing of water transport equipment.
- Objective: Enhance backward and forward integration while mitigating operational risks.
S J Logistics, a premier international logistics service provider with a market cap of ₹1,000 crore, specializes in freight forwarding, warehousing, and project cargo services. This partnership marks a strategic move by Eiko to expand its logistics footprint and leverage the growing demand in the sector.
