Tiger Logistics’ stock rose 4% following the announcement of its empanelment by Hindustan Petroleum Corporation Limited (HPCL). This achievement reinforces the company’s reputation as a trusted provider of innovative logistics solutions. Through this partnership, Tiger Logistics will support HPCL’s critical freight and customs operations, ensuring smooth imports and exports.
Tiger Logistics shares opened at ₹65.00, peaking at ₹68.50 and dipping to ₹63.00 during the trading session. The stock has fluctuated within a 52-week range of ₹31.99 to ₹87.00.
Earlier this year, the company strengthened its position by renewing collaborations with BHEL, BEML, and BNPLIPL, enhancing its air and sea cargo expertise. Notable milestones include a warehousing contract with BHEL and key logistics projects for AAI and HAL. Tiger Logistics sees partnerships with public entities and PSUs as vital to its strategy.
Empanelment Overview:
- Services Provided: Comprehensive air and sea freight solutions, including end-to-end clearing and forwarding services.
- Financial Limit: ₹546 Lakhs, showcasing the company’s ability to manage large-scale projects.
- Duration: Three-year validity, with renewal options based on performance.
As of 9:55 a.m., Newgen Software shares were trading 4.51% higher at Rs 68.06 on the NSE.
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