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AVG Logistics gains after securing long-term transportation contract from Haldiram Nagpur
AVG Logistics advanced 2.86% to Rs 172.75 after the company announced that it had secured a long-term transportation contract from Haldiram Nagpur, a leading player in India's FMCG sector.
Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economy
India's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the Iran war. Total refined product consumption dropped 6.5% in May, with subdued growth in petrol and diesel sales, indicating weakening economic activity.
A Rs 3 hike makes India’s inflation battle somewhat harder
Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.
DMRC launches hydrogen-fueled shuttle buses in Central Vista
Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government offices. This move supports sustainable transportation in the capital.
NCC bags ₹1,703-cr orders in April across buildings, electrical, transportation divisions
Of the total orders, ₹929.96 crore pertains to the buildings division, ₹603.41 crore to the electrical division, and ₹169.90 crore to the transportation division. Shares of NCC Ltd ended at ₹164.40, down by ₹0.65, or 0.39%, on the BSE today, April 30.
Allcargo Logistics strengthening supply chain frameworks for FMCG players
Allcargo Logistics is enhancing supply chains for FMCG companies. This involves optimizing networks, integrating technology, and planning transportation. The goal is to manage increasingly complex inventory flows. FMCG companies are expanding product lines and facing evolving consumer demands. This leads to smaller shipments and more frequent deliveries. Allcargo Logistics offers solutions for better visibility and efficiency.
KEC International shares surge 9% after securing orders worth Rs 2,518 crore
KEC International shares rose sharply on Thursday after the company won Rs 2,518 crore in new orders across civil, transportation and T&D businesses. The newly secured contracts span multiple segments, reinforcing its presence in both domestic and international markets. A standout highlight came from its civil business, which bagged its largest-ever commercial real estate order from a prominent developer in Western India.
KEC Intl bags ₹2,518-cr orders across civil, T&D, transportation, cables segments
In the civil segment, the company secured its largest commercial real estate order from a leading developer in western India. Shares of KEC International Ltd ended at ₹567.95, up by ₹36.40, or 6.85%, on the BSE.
Switching to electric power has saved Railways Rs 6,000 crore: Ashwini Vaishnaw in Lok Sabha
Indian Railways is making waves in the transportation sector, achieving Rs 6,000 crore in savings by embracing electric trains. This innovative shift has positioned them as the world’s second-largest freight mover, with 35,000 km of track and 27,000 km fully electrified. While staff wages take the lion’s share of expenditures, energy costs are a close second.
Tata Motors bags orders for over 5000 buses and chassis
Tata Motors has secured significant supply orders for over 5,000 buses and chassis from various state transport undertakings nationwide. These diverse orders, including Magna and Starbus models, will be deployed across multiple states for intercity and intracity operations. This achievement underscores Tata Motors' leading role in shaping India's public transportation future.
Smallcap AI shares locked in 20% upper circuit on US transport agency deal
Shares of XTGlobal Infotech hit the 20% upper circuit at Rs 33.18 on the BSE after the company secured an AI Enablement for Engineering Services contract from a US-based state transportation agency. The six-month engagement is valued at about $796,900. Managing Director Ramarao Atchuta Mullapudi said the win strengthens its transportation vertical and US public sector presence.