Tiger Logistics soars after being empaneled by HPCL for logistics services

Tiger Logistics (India) jumped 7.57% to Rs 70.05 after the company announced that it has been empanelled by Hindustan Petroleum Corporation (HPCL) for providing logistic services.

The company would support HPCLs critical freight and customs handling operations, ensuring smooth processes for imports and exports.

It would provide comprehensive air & sea freight solutions, including end-to-end clearing and forwarding services tailored to meet HPCL's operational demands. The financial limit for the said contract is Rs 5.46 crore and the tenure of the same is three years, with provisions for renewal based on performance and service excellence.

Harpreet Singh Malhotra, CMD of Tiger Logistics (India), said: We are honoured to be empaneled by HPCL, a respected public sector organisation. This recognition underscores our commitment to delivering high-quality logistics services and solidifies our leadership in the industry.