India’s logistics sector is rapidly growing, driven by expanding trade, e-commerce, and infrastructure development. The industry, valued at over $200 billion, is expected to grow at a 10-12% CAGR, fueled by government initiatives like Sagarmala and Bharatmala for port and highway development, and the Goods and Services Tax (GST), which has streamlined operations.
With increasing demand for efficient supply chain solutions, there is significant scope in warehousing, cold chain logistics, and last-mile delivery services. Major players in the sector include DHL India, Blue Dart, Transport Corporation of India (TCI), Premier Roadline Limited, and Mahindra Logistics, all of which are innovating with technology and expanding their operations. The future of India’s logistics sector looks promising, with advancements in automation and digital platforms driving growth and efficiency.
Government’s Push for Logistics
The Indian government has been actively supporting the growth of the logistics sector through various initiatives aimed at improving infrastructure and operational efficiency. Programs like Sagarmala (for port modernization) and Bharatmala (focused on highway development) are enhancing connectivity across the country.
Additionally, the National Logistics Policy (NLP) aims to reduce logistics costs and improve efficiency. The government is also promoting logistics parks, warehouse development, and the adoption of digital technologies to further boost sector growth and make India a global logistics hub. Besides this, the government’s push for infra development is also helping the logistics sector in the country.
Share Price
The shares of Premier Roadlines Ltd. are trading at Rs. 124.5 up by 11.86% from its previous close of Rs. 111.3 as of December 16, 2024. The stock also touched an intraday high of Rs. 127.4.
Recent Update
Premier Roadlines Limited (PRL) is pleased to announce the acquisition of high-value contracts worth approximately Rs. 30 Crores. These contracts include transportation orders for over-dimensional equipment, solar panels, and general cargo from notable clients.
Key orders include a Rs. 10 Crore contract for transporting over-dimensional cranes and equipment for a leading equipment rental company, Rs. 4.17 Crore for over-dimensional DG sets from Jackson Limited, and Rs. 3 Crore for escalators and lifts from a Japanese elevator company.
Other notable contracts involve transportation for Indian solar power companies and EPC contractors. The contracts have varying tenures, with some extending up to a year.
About the Company
Founded in 2008, Premier Roadlines Ltd (PRL) is an IBA-approved and ISO-certified logistics provider specializing in surface logistics for dry cargo, handling shipments ranging from 1MT to 250MT. The company offers diverse services, including project logistics, over-dimensional cargo, contracted integrated logistics, general logistics, and fleet rentals.
PRL serves prominent clients such as Tata, Thyssenkrupp, L&T, and KEC, operating across sectors like energy, infrastructure, renewables, and heavy engineering. With a pan-India presence, PRL uses a combination of third-party operators and a fleet of trucks, trailers, and hydraulic axles.
Headquartered in Delhi, the company has 28 branch offices and employs 210 staff, handling 26,460 orders for 940 customers in FY24, and managing 19,851 vehicles in its operations.
Written By: Dipangshu Kundu
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