Tiger Logistics (India) Limited has bagged another Government Project of Chittaranjan Locomotive Works (Indian Railways) which will help in the enhancement of branding and increment in the sales figure of the company.
Above government project is in addition to other government projects which the company has handled in the previous year such as Bank Note Paper Mill India Private Limited, Hindustan Insecticides Limited (HIL), Airports Authority of India (AAI), Hindustan Aeronautics Limited (HAL) etc.
The management of the company is very optimistic about handling Logistics for Government Projects.
Commenting on the above, Mr. Harpreet Singh Malhotra, CMD said, "In the Current scenario, our Company is handling few government projects. Going ahead, the Company aims to strengthen its position to handle logisticsfor the government with a target to handle sizable business. Selection of our tender by such government organization is an outcome of hard work. The Company is very bullish in handling more Government Projects in this Financial Year. As this enables a predictable growth, branding and assured payment Cycle.
Shares of Tiger Logistics (India) Ltd was last trading in BSE at Rs.100.2 as compared to the previous close of Rs. 100.15. The total number of shares traded during the day was 13935 in over 171 trades.
The stock hit an intraday high of Rs. 104 and intraday low of 100. The net turnover during the day was Rs. 1404174.