Primex News International

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Summentor Pro Concludes 4th MSME & Startup Innovation Summit in Odisha Empowering Growth

    June 4, 2025

    PM Modi to Head Tree Plantation Drive Under ‘Ek Ped Maa Ke Naam’ on World Environment Day

    June 4, 2025

    Washington University Signs MOU with Romania’s Center for Zoonoses and Food Safety Research

    June 4, 2025
    Facebook Twitter Instagram
    Primex News International
    • Home
    Facebook Twitter Instagram
    Primex News International
    Home»Business»AVG Logistics secured long term banking facilities to cater FY 2025/26 Capex requirement
    Business

    AVG Logistics secured long term banking facilities to cater FY 2025/26 Capex requirement

    By May 14, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email

    Mumbai (Maharashtra) [India], May 14: AVG Logistics Limited (BSE – 543910, NSE – AVG a leading multimodal logistics solutions provider, is pleased to announce that it has received debt funding approvals of up to approximately ₹112 Cr from two prominent PSU banks. The funds will be utilised for the strategic purchase of capital assets to cater to long-term contracts for prestigious customers and further enhance AVG Logistics’ operational capabilities towards its growth targets.

    The addition of these facilities would allow AVG to generate approximately Rs. 100 Crore annualised revenue, and we expect utilisation of these facilities by 31st March 2026, i.e. Procurement of assets will be done in a phased manner in the financial year 2025-26, and the full revenue of approx. Rs. 100 Crore shall be generated from the financial year 2026-27. The addition of new assets is set to strengthen AVG Logistics Full Truck Load (FTL), Partial Truck Load (LTL) offerings, enhance its cold chain expansion, Green Logistics Expansion, i.e. EV & LNG Fleets Procurement and overall improve nationwide distribution efficiency. With this, the Company reaffirms its commitment to offer integrated, tech-enabled, and sustainable logistics solutions to prestigious customers across industries, including FMCG, Automotive, QSR, Pharmaceuticals, Steel, Cement, chemical and industrial goods

    Commenting on acquisition performance, Mr. Sanjay Gupta, Managing Director & CEO, AVG Logistics Limited, said, “It is with great pride and a sense of responsibility that I share a significant milestone in our company’s growth journey. We have successfully secured banking facilities totalling ₹112 crore, which will be directed towards our capital expenditure (capex) expansion.

    Our ability to secure these banking facilities reflects the strong confidence of our financial partners in our business model, governance standards, and growth trajectory. It also reaffirms our commitment to creating long-term value for our customers, employees, and shareholders. I thank each of you for your continued trust and support as we embark on this exciting new phase of our journey.”

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

    Business
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Summentor Pro Concludes 4th MSME & Startup Innovation Summit in Odisha Empowering Growth

    June 4, 2025

    Ganga Bath Fittings Limited IPO Opens on June 04, 2025

    June 4, 2025

    Visitor Guard® Provides Answers to Requirements for Travel Insurance for Entry into the US

    June 3, 2025

    EMI vs Rent: Real Estate Leader Annuj Goel Shares Key Insights for Homebuyers

    June 3, 2025

    Spirituality Meets Scent: World-Renowned Astro Parduman Partners with Global Perfume Brand

    June 3, 2025

    IICA Northeast Campus: ₹100.95 Cr Move Boosting Growth

    June 3, 2025

    Comments are closed.

    Top Reviews
    Editors Picks

    Summentor Pro Concludes 4th MSME & Startup Innovation Summit in Odisha Empowering Growth

    June 4, 2025

    PM Modi to Head Tree Plantation Drive Under ‘Ek Ped Maa Ke Naam’ on World Environment Day

    June 4, 2025

    Washington University Signs MOU with Romania’s Center for Zoonoses and Food Safety Research

    June 4, 2025

    Kamal H Mohammed Receives Prestigious Dr. Satyajit Ray Award

    June 4, 2025
    About Us
    About Us
    Our Picks

    Summentor Pro Concludes 4th MSME & Startup Innovation Summit in Odisha Empowering Growth

    June 4, 2025

    PM Modi to Head Tree Plantation Drive Under ‘Ek Ped Maa Ke Naam’ on World Environment Day

    June 4, 2025

    Washington University Signs MOU with Romania’s Center for Zoonoses and Food Safety Research

    June 4, 2025
    Top Reviews
    © 2025 Primex News International. Designed by Primex Media Services.
    • Home

    Type above and press Enter to search. Press Esc to cancel.