Rivigo's B2B express division expected to be acquired by Mahindra

28 Sep 2022 CW Team

Rivigo Services (RSPL) and Mahindra Logistics (MLL) announced that they had struck an agreement for the former to sell its B2B express business to the former for Rs 2.25 billion. The transaction is anticipated to close on or before November 1.

According to the terms of the contract, MLL will purchase the express business through a Business Transfer Agreement (BTA), including the clients, personnel, and assets of Rivigo's B2B express business, as well as RSPL's technological infrastructure and the Rivigo name. The rights to the full truckload (FTL) operations and the RSPL truck fleet will both remain its property.

Utilizing Rivigo's robust network, technology, and process skills, this acquisition will strengthen Mahindra Logistics' current B2B express business. Over 19,000 pin codes are currently covered by Rivigo's B2B express network across the country. Their more than 250 processing facilities and branches, covering more than 1.5 million sq ft, will significantly strengthen MLL's express business potential.

Also read:
DHL to invest Rs 4k crore in India over next 5 years
Industrial hubs worth 110 billion for Uttar Pradesh

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..