AVG Logistics bags long-term contract from Indian Railways for operations of Leased Parcel Express Train
Mumbai (Maharashtra) [India], May 6: AVG Logistics Limited, (BSE – 543910, NSE – AVG), AVG Logistics Limited has secured a 6 year long term contract, for lease of Parcel Cargo Express Train (PCET) from the Indian Railways. This special train, connects Agartala (Tripura) / Guwahati (Assam) to Delhi / Ludhiana (Punjab) and will complete 4 [...]
Mumbai (Maharashtra) [India], May 6: AVG Logistics Limited, (BSE – 543910, NSE – AVG), AVG Logistics Limited has secured a 6 year long term contract, for lease of Parcel Cargo Express Train (PCET) from the Indian Railways. This special train, connects Agartala (Tripura) / Guwahati (Assam) to Delhi / Ludhiana (Punjab) and will complete 4 trips every month over the next 6 years, totalling 313 trips during the contract tenure.
The Carrying Capacity during the trip is expected to be 364 tonnes per trip for initial 6 months and will increase to 484 tons per trip later. The Express Train Service will cover the distance of 2768 kilometres in 90 hours ensuring expeditious, seamless connectivity between the two locations.