The shares of India’s largest fully integrated logistics service provider are in focus today after their announcement through a press filing regarding its partnership with Hindustan Petroleum Corporation Ltd (HPCL).
Share Price Movement
The shares of Delhivery Ltd with a market capitalization of Rs 23,036.10 Crores, closed at Rs 313 per share on Monday, which was 2.75% down from its previous close of Rs 322 apiece. In the past 6 months, the stock has provided -24% returns, -27% returns in the past 1 year, and -42% in the past 5 years.
Collaboration details
As per a press release dated January 27, 2025, Hindustan Petroleum Corporation Ltd (HPCL), India’s leading lubricant marketer, has partnered with Delhivery Ltd, the country’s largest fully integrated logistics service provider, to manage the nationwide distribution of HPCL’s branded lubricants, known as HP Lubricants, to its various stakeholders.
HPCL aims to significantly enhance the operational efficiency of its supply chain, which involves transporting millions of lubricant SKUs across India. This will be achieved through Delhivery’s advanced Part Truck Load (PTL) logistics infrastructure and cutting-edge technology solutions, supported by centralized tracking. The collaboration is expected to set a new benchmark in the Indian logistics industry.
Management Commentary
Ch Srinivas, Executive Director – Lubes at HPCL, highlighted that the partnership with Delhivery integrates their track-and-trace platform, creating a seamless end-to-end system. He expressed excitement about working with a company that shares HPCL’s commitment to innovation and reliability.
Suraj Saharan, co-founder of Delhivery, noted that the mandate demonstrates their ability to efficiently manage large-volume logistics. He emphasized Delhivery’s commitment to enhancing HPCL’s supply chain and expanding their national reach.
Delhivery Ltd’s Recent Developments
In a press release dated January 16, 2025, Delhivery launched Rapid Commerce, a sub-2-hour delivery service, it was launched first in Bengaluru. The service is already processing over 300 orders daily, reflecting strong demand. It enables D2C brands, retailers, and e-commerce companies to enhance customer experience with faster delivery times.
About Delhivery
Delhivery is India’s largest fully integrated logistics services provider. The Company provides a wide range of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services, with its nationwide network covering over 18,700 pin codes. Since its incorporation in 2011, Delhivery has successfully fulfilled over 3.2 billion shipments and works with over 38,000 customers, including large and small e-commerce participants, SMEs, and other enterprises and brands.
Written By Adhvaitha Nayani
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