EikoVivify Logistics Pvt Ltd enters into agreement with S J Logistics India ltd

EikoVivify Logistics Private Limited (CIN: U77308MH2024PTC434438), a Subsidiary of Eiko Lifesciences Limited has entered into Agreement dated 18th December, 2024, with S J Logistics (India) Limited (CIN: L63000MH2003PLC143614) for carrying out Business Operations relating to leasing, renting, and managing shipping containers for logistics, storage, and transportation of goods along with Maintenance and Management of Cargo Container under Container Service Management Agreement.

The Company will provide Container Management solutions with aim to enhancing backward and forward integration and mitigating inherent business risks. This includes sourcing containers domestically and internationally and providing leasing services to entities involved in goods transport.

Additionally, to offer maintenance and management services for efficient container operations. The business also involves leasing water transport equipment with and without operators, allowing lessees flexibility, and renting various movable assets, aligning with related activities to support these operations.

The company is expected to have a business of approximately Rs. 65 Crores (Sixty-Five Crores only) over a period of 5 years. Under this agreement the company is planning to provide 2500 TEUs/ cargo containers of different size and dimension to S J Logistics for its NVOCC Operations.

S J Logistics (India) Limited [ S J Logistics] is a SME listed entity having Market Capitalization of around Rs. 1000 Crores.

S J Logistics is a premier international logistics service provider, offering a range of services including freight forwarding, transportation, warehousing, Non-Vessel Operating Common Carrier (NVOCC), and customs clearance. Established over two decades ago, S J Logistics has extensive industry expertise and operates under an asset-light business model, collaborating with a diverse range of partners to ensure dependable, efficient, and punctual transfer of freight globally. They have specialization in freight forwarding, project cargo with more than 20 years of experience.

Shares of Eiko Lifesciences Ltd was last trading in BSE at Rs. 67.36 as compared to the previous close of Rs. 61.24. The total number of shares traded during the day was 92509 in over 340 trades.

The stock hit an intraday high of Rs. 67.36 and intraday low of 61.99. The net turnover during the day was Rs. 6118338.00.

Source : Equity Bulls

Keywords

EikoLifesciences INE666Q01016 EikoVivifyLogistics Agreement SJLogisticsIndia