AVG Logistics to operate Chennai-Guwahati parcel express trainAVG Logistics has secured a six-year contract worth ₹105 crore from Indian Railways to lease a Parcel Cargo Express Train (PCET). The train, which will operate between Korukkupet goods shed (Chennai) and New Guwahati goods shed (Guwahati), will complete four trips monthly for the next six years, totaling 313 trips. The...
more... carrying capacity will start at 364 tonnes per trip for the first six months and increase to 484 tonnes thereafter. The train will cover 2,500 kilometers in 72 hours, offering seamless connectivity between the two locations. The company will serve industries in Chennai and Guwahati, including tyres, hosiery, garments, FMCG, incenses, tea, bamboo, plastic granules, mosquito repellent, and hair oil. AVG Logistics believes this contract will enhance its financial performance, operational efficiency, and service reliability. While the stock did not move much today, AVG reported a net profit of Rs 4.8 crore on total income of Rs 125 crore for the third quarter ended December 31, 2023. This PCET scheme, introduced in 2020, offers a dedicated express train service with designated stops for loading and unloading goods, allowing logistics companies to adhere to strict delivery timelines.
AVG Logistics ne Indian Railways se ₹105 crore ka chhe saal ka contract secure kiya hai, ek Parcel Cargo Express Train (PCET) lease karne ke liye. Ye train, jo Korukkupet goods shed (Chennai) se New Guwahati goods shed (Guwahati) tak chalegi, har mahine agle chhe saal tak chaar trips karegi, total...
more... 313 trips. Pehle chhe mahine mein iski carrying capacity 364 tonnes per trip rahegi, aur baad mein yeh 484 tonnes per trip ho jayegi. Express train service do locations ke beech 2,500 kilometer ki duri 72 hours mein cover karegi, seamless connectivity provide karegi. Company Chennai aur Guwahati mein tyre, hosiery, garments, FMCG, incenses, tea, bamboo, plastic granules, mosquito repellent, aur hair oil jaise industries ko service degi. AVG Logistics ka maanana hai ki yeh contract unki financial performance, operational efficiency aur service reliability ko enhance karega. Aaj stock mein zyada movement nahin dekha gaya, lekin AVG ne December 31, 2023 ko khatam hui third quarter ke liye Rs 125 crore ke total income pe Rs 4.8 crore ka net profit report kiya hai. 2020 mein launch kiya gaya yeh PCET scheme, dedicated express train service deta hai, jismein goods load aur unload karne ke liye designated stops hain, yeh logistics companies ko strict delivery timelines follow karne mein madad karta hai.
