Tiger Logistics (India) Ltd has won a new import logistics contract worth ₹4 crore from Bharat Heavy Electricals Ltd (BHEL) to transport 13 over-dimensional cargo units from Italy to India, the company announced on June 20. This deal reinforces the long-standing partnership between the two firms and highlights Tiger Logistics' capabilities in handling complex break-bulk shipments, according to livemint.com.
The logistics mandate involves managing the import and transportation of large, over-dimensional cargo units, a specialized service that requires expertise in handling and compliance with regulatory norms. Tiger Logistics has built a reputation for managing such complex shipments, which likely contributed to securing this contract from the state-owned engineering giant BHEL. The company’s stock has delivered strong returns over the past five years, reflecting investor confidence in its operational strengths, livemint.com reported.
This contract is significant in the context of the Indian logistics sector, where handling over-dimensional cargo is a niche but critical segment supporting heavy industries and infrastructure projects. Tiger Logistics’ ability to secure a ₹4 crore order from a major PSU like BHEL underscores its growing prominence in this space. The company’s performance is notable compared to peers, with its stock delivering multibagger returns over five years, highlighting its expanding role in India’s import logistics market, according to livemint.com.
Tiger Logistics’ shares are expected to remain in focus on June 22 following the announcement, as investors assess the impact of this mandate on the company’s growth trajectory. The ₹4 crore contract adds to Tiger Logistics’ portfolio of specialized logistics services, strengthening its position in the import break-bulk segment, per livemint.com.