AVG Logistics secures Rs 1.5 bn contract for Parcel Cargo Express Train

06 Dec 2023 CW Team

AVG Logistics announced that it secured a contract valued at Rs 1.5 billion for leasing a Parcel Cargo Express Train from Indian Railways. This specialised train, linking Bengaluru to Ludhiana in Punjab, is scheduled to complete one round trip every week for the next six years.

Sanjay Gupta, Managing Director and CEO of AVG Logistics, expressed confidence that the revenue generated from this Rs 1.5 billion contract would not only enhance the company's financial standing but also inspire them to embark on more ambitious projects, further elevating their overall performance. The details were disclosed in a filing with the stock exchange.

The cargo express train is designed to cover the entire distance in 72 hours. AVG Logistics highlighted the strategic significance of Ludhiana in expanding its railway network, providing access to key markets such as textiles and cycle manufacturing.

AVG Logistics specialises in various transportation services, including road and rail, reefers, cold chain, and warehousing. The company boasts a network of over 50 fully automated branches across the country.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..