Tiger Logistics (India) Ltd, a logistics solutions provider based in India, has announced its successful acquisition of a significant project awarded by Hindustan Petroleum Corporation Ltd (HPCL), one of the leading oil and gas company in India. According to the filling by Tiger Logistics to BSE, this accomplishment positions their company to explore further opportunities in the petro sector, allowing them to broaden their footprint and strengthen their presence in the logistics business.
Tiger Logistics India Limited, listed on the Bombay Stock Exchange, is an international logistics company and comprehensive solutions provider. The company excels in freight forwarding, transportation, and customs clearance, offering its extensive services to various industries such as automotive, engineering, yarns, textiles, pharmaceuticals, commodities, and FMCG, leveraging over 22 years of industry experience. Operating on an asset-light model, Tiger Logistics has established a robust nationwide presence and collaborates with a network of partners to ensure the reliable, efficient, and timely movement of cargo globally. Founded in 2000, the company emerged in response to the demand for a trustworthy and principled player in the Indian logistics landscape. Its overarching goal was to serve as a one-stop-shop for international logistics, prioritizing cost innovation and personalized service.
Hindustan Petroleum Corporation Ltd (HPCL), one of the leading oil and gas company in India, is known for its integrated petroleum solutions and commitment to quality. With a robust presence in refining, marketing, and distribution, HPCL continually drives growth through technological advancements and a customer-centric approach. Its dedication to sustainability and excellence marks HPCL as one of the key players in the energy sector, contributing significantly to India’s economic development.
Bagging of the project not only showcases the company’s expertise in international cargo and project logistics but also positions it strategically for further growth in this lucrative industry, says Harpreet Singh Malhotra, Managing Director of Tiger Logistics. The project granted by HPCL is anticipated to encompass intricate logistical operations and coordination, thereby demonstrating Tiger Logistics’ prowess in handling complex and extensive assignments. In this partnership with HPCL, the logistics company is well-positioned to leverage its expertise, ensuring the smooth transportation, storage, and distribution of goods. This collaboration aligns with the prevailing trend where companies are actively seeking dependable and efficient logistics partners to optimize their supply chain processes. Tiger Logistics’ successful acquisition of this project not only enhances its standing in the market but also reflects the trust bestowed upon the company by significant players in the oil and gas sector.
Mr Malhotra further shares, “I am pleased to announce that Tiger Logistics has successfully entered the petro segment through a significant government project secured via a tender from Hindustan Petroleum Corporation Limited. This achievement not only showcases our expertise in international cargo and project logistics but also positions us strategically for further growth in this lucrative industry. I extend my sincere thanks to our dedicated team, and we look forward to exploring new opportunities and ensuring sustained success for Tiger Logistics and its valued shareholders.” However, the specific monetary information regarding the transaction was not shared by the company.