Shipwaves Online Ltd receives order worth Rs. 1.56 crore

Shipwaves Online Limited (the Company) has received a Purchase Order worth of Rs. 1,56,70,678/- (Rupees One Crore Fifty-Six Lakh Seventy Thousand Six Hundred Seventy-Eight only) from Hindalco Industries Limited for implementation of a comprehensive, end-to-end logistics digitalization solution tailored to Hindalco's operational and compliance requirements.

This engagement marks a significant milestone for Shipwaves, as Hindalco becomes the second company from the Aditya Birla Group ecosystem to adopt the Shipwaves platform, following the earlier onboarding of Grasim Industries.

Hindalco selected Shipwaves after evaluating multiple technology platforms and recognizing the value of Shipwaves' differentiated capabilities in digitizing and optimizing global freight operations. The platform will support Hindalco with:

- End-to-End Export Shipment Management - enabling centralized planning, documentation, tracking, and execution of export shipments.

- AI-Enabled Freight Bill Audit - automated validation of freight invoices to improve cost accuracy and reduce revenue leakage.

- Digital Freight Tender Management for Imports - a structured and transparent platform for managing freight procurement and tendering across logistics partners.

The adoption of the Shipwaves platform by Hindalco further validates the scalability, reliability, and enterprise-grade capabilities of Shipwaves' technology for large global manufacturers.

This milestone strengthens Shipwaves' presence within the Aditya Birla Group ecosystem and demonstrates the growing adoption of digital supply chain and freight management platforms by leading global enterprises.

Securing a marquee enterprise such as Hindalco represents an important step in Shipwaves' growth journey and reinforces the company's positioning as a trusted technology partner for large industrial and manufacturing organizations seeking to modernize their logistics operations.

Shares of Shipwaves Online Limited was last trading in BSE at Rs. 3.45 as compared to the previous close of Rs. 3.56. The total number of shares traded during the day was 330000 in over 29 trades.

The stock hit an intraday high of Rs. 3.49 and intraday low of 3.40. The net turnover during the day was Rs. 1134400.00.

Source : Equity Bulls

Keywords

ShipwavesOnline INE0O9L01010 LogisticsSolutionProvider OrderWin HindalcoIndustries