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AVG Logistics Ltd. ( (IN:AVG) ) just unveiled an announcement.
AVG Logistics Limited has acquired a 2,295 sq metre land parcel in Tahliwal, Una district of Himachal Pradesh, to develop a warehouse and ancillary unit close to Nestlé’s factory, leveraging strong infrastructure, connectivity and access to local manpower. The move aligns with the company’s long-term strategy of capacity expansion and regional diversification, strengthening its footprint in North India and enabling it to offer enhanced value-added logistics services to Nestlé India and other customers in the region, while aiming to improve cost efficiency, expand its asset base and generate medium- to long-term value as the project is developed in phases subject to necessary approvals.
More about AVG Logistics Ltd.
AVG Logistics Limited is an India-based multimodal logistics solutions provider founded in 2010, offering transportation, warehousing, distribution, supply chain management and third-party logistics (3PL) services. The company specializes in road and rail transport, cold chain/reefer services and warehousing, operates over 50 fully automated branches across India, manages a fleet of more than 3,000 hired and owned vehicles and 705,000 sq ft of warehousing space, and serves blue-chip clients including Nestle, HUL, ITC, Tata Steel, Apollo Tyres, Coca-Cola and other major retail and multinational companies.
Average Trading Volume: 2,353
Technical Sentiment Signal: Sell
Current Market Cap: 2.77B INR
Learn more about AVG stock on TipRanks’ Stock Analysis page.