AVG Logistics Expands Fleet with 50+ Cold Chain Vehicles

By By Rediff Money Desk, NEWDELHI
Dec 20, 2023 11:48
AVG Logistics strengthens its fleet operations with the acquisition of over 50 cold chain vehicles, boosting its capacity to serve its growing customer base.
New Delhi, Dec 20 (PTI) AVG Logistics Ltd on Wednesday announced the acquisition of over 50 cold chain vehicles, thereby strengthening its fleet operations.

The cold chain vehicles have been acquired from global multinational companies, among others.

"We acquired this fleet of 50+ vehicles after detailed due diligence and assessment of vehicle quality, condition, wear & tear... This greatly enhances AVG's ability to service recently signed a long-term contract with India's largest MNC FMCG Company, both on the dry and frozen goods side," company's Managing Director and CEO Sanjay Gupta said in a filing to BSE.

This acquisition takes the company's total cold chain fleet strength to 275.

AVG Logistics provides customised and technology-driven solutions across warehousing, distribution, and supply chain management.
Read More On:
avg logisticscold chainfleet expansionlogisticssupply chain management
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

L&T Acquires 21% Stake in E2E Networks for Rs...

Larsen & Toubro (L&T) will acquire 21% stake in cloud services company E2E Networks for...

Suzuki Motorcycle India Sales Surge 19% in...

Suzuki Motorcycle India reports a 19% year-on-year rise in vehicle sales for October...

Rupee Hits Record Low of 84.13 Against US Dollar

The Indian rupee fell to a new all-time low of 84.13 against the US dollar in early...

Indian Stock Markets Fall Amid Foreign Fund...

Indian stock markets fell on Tuesday due to foreign fund outflows and concerns over the...

Royal Enfield Unveils Electric Bike Flying Flea...

Royal Enfield enters the electric bike segment with the Flying Flea C6, a...

Sagility India IPO: Rs 945 Cr Anchor Investor...

Sagility India, a healthcare tech services provider, raised Rs 945 crore from anchor...

Sebi Demands Rs 130 Crore from 5 Entities in...

Sebi has issued demand notices to five entities, including Netizen Engineering and Citi...

Suzuki Unveils First Electric SUV: e Vitara

Suzuki launches its first mass-production battery electric vehicle, the e Vitara, in...

FSIB Recommends Rahul Bhave for IFCI MD Post

FSIB has recommended Rahul Bhave, currently Deputy Managing Director of IFCI, for the...

IRFC Q2 Profit Rises 4% to Rs 1,613 Cr, Interim...

IRFC's net profit for the September quarter rose 4% to Rs 1,613 crore, with total...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com