Tiger Logistics Signs Agreements With Public Sector Undertakings (PSUs) For International Freight Handling

Tiger Logistics (India) shares were the subject of attention on Friday after starting higher at Rs 71.90 from the previous close of Rs 70.94. The company's market value was Rs 745 Cr. The stock is receiving attention because Tiger Logistics (India) Limited, a pioneer in global logistics services and a BSE-listed company, is happy to announce that three well-known Public Sector Undertakings (PSUs) have renewed their agreements and reaffirmed their trust in the company by appointing Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML), and Bank Note Paper Mill India Limited (BNPLIPL). These reaffirmed collaborations highlight the PSUs' dependence and confidence in Tiger Logistics for effective products forwarding and logistics management for both air and marine cargo, including imports and exports.

By extending their agreements with Tiger Logistics, BHEL, BEML, and BNPLIPL have given the company responsibility for customs clearing and forwarding services for both air and ocean freight. By using its experience to manage delicate and crucial logistical operations, the corporation has recognised government and PSU projects as major development areas. The company's recent achievements, which further solidify its position in the government and PSU sectors, include a warehouse services contract from BHEL and significant logistical contracts from AAI and HAL. Tiger Logistics is expanding its market reach and accelerating its growth by concentrating on high-potential industries including renewable energy, aerospace, and defence.

Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, expressed gratitude for this achievement, stating, "Being empanelled by esteemed institutions like BHEL, BEML, andBNPLIPL highlights our position as a trusted name in international logistics. These renewed agreements not only affirm our leadership but also reflect the strong partnerships we have cultivated over the years. This development marks a pivotal step forward for Tiger Logistics, solidifying its reputation as a dependable partner for large-scale and critical public-sector operations."

"Our commitment remains steadfast toward PSU projects and high-growth areas like defence and renewable energy. We aim to deliver dependable, forward-thinking solutions tailored to the evolving needs of these sectors. This milestone showcases our capability to handle challenging operations while adding value for stakeholders. We deeply appreciate the trust and support from our partners as we strive for a brighter and more successful future," Harpreet Singh Malhotra further added.

Securing a warehouse services agreement with BHEL and completing key logistics projects for the Airports Authority of India (AAI) and Hindustan Aeronautics Limited (HAL) earlier this year marked a major milestone for the firm. Tiger Logistics perceives partnerships with public organisations and PSUs as a fundamental component of its strategic plans, utilising its expertise in handling complex international shipments for urgent demands.

Tiger Logistics India Limited is a prominent global logistics firm and solutions provider that is listed on the Bombay Stock Exchange. Its services include transportation, customs clearance, defence and project logistics, and freight forwarding (air and ocean).