Shipwaves Secures Rs 15.67 mn Logistics Order From Hindalco
WAREHOUSING & LOGISTICS

Shipwaves Secures Rs 15.67 mn Logistics Order From Hindalco

Shipwaves Online Limited has secured a purchase order worth Rs 15.67 million (mn) from Hindalco Industries Limited to implement an end to end logistics digitalisation solution intended to enhance Hindalco's export and freight management operations. The award was disclosed to BSE Limited under Securities and Exchange Board of India listing regulations and is presented as a significant milestone in Shipwaves' growth trajectory that reflects rising demand for technology driven logistics solutions among large manufacturers. The contract value was reported as Rs 1,56,70,678 in regulatory filings and will be executed over a three-year period.

Hindalco, a flagship metals company of the Aditya Birla Group, selected Shipwaves after evaluating multiple logistics technology platforms and recognising the company's specialised capabilities in digitising global freight operations. Under the engagement Shipwaves will deploy its advanced platform to support Hindalco across end to end export shipment management, AI enabled freight bill audit and digital freight tender management for imports. These modules are designed to centralise planning, documentation, tracking and execution, automate freight invoice validation to improve cost accuracy and reduce revenue leakage, and create a transparent procurement process for logistics partners.

The collaboration further consolidates Shipwaves' presence within the Aditya Birla Group ecosystem following the earlier onboarding of Grasim Industries on its platform. Industry observers consider the adoption of digital freight management platforms to be gaining momentum as companies seek to streamline global supply chains, improve transparency and optimise logistics costs. The engagement is presented as validation of Shipwaves' technology as a scalable and enterprise ready solution for global manufacturers seeking to modernise logistics infrastructure.

Company officials indicated that securing a marquee enterprise client like Hindalco reinforces Shipwaves' position as a trusted technology partner for large industrial organisations pursuing digital transformation in supply chain and freight management. The company warned that forward looking statements are subject to risks and uncertainties and that past performance should not be extrapolated. The notice clarified that actual results might differ materially and that the company does not undertake an obligation to update forward looking statements.

Shipwaves Online Limited has secured a purchase order worth Rs 15.67 million (mn) from Hindalco Industries Limited to implement an end to end logistics digitalisation solution intended to enhance Hindalco's export and freight management operations. The award was disclosed to BSE Limited under Securities and Exchange Board of India listing regulations and is presented as a significant milestone in Shipwaves' growth trajectory that reflects rising demand for technology driven logistics solutions among large manufacturers. The contract value was reported as Rs 1,56,70,678 in regulatory filings and will be executed over a three-year period. Hindalco, a flagship metals company of the Aditya Birla Group, selected Shipwaves after evaluating multiple logistics technology platforms and recognising the company's specialised capabilities in digitising global freight operations. Under the engagement Shipwaves will deploy its advanced platform to support Hindalco across end to end export shipment management, AI enabled freight bill audit and digital freight tender management for imports. These modules are designed to centralise planning, documentation, tracking and execution, automate freight invoice validation to improve cost accuracy and reduce revenue leakage, and create a transparent procurement process for logistics partners. The collaboration further consolidates Shipwaves' presence within the Aditya Birla Group ecosystem following the earlier onboarding of Grasim Industries on its platform. Industry observers consider the adoption of digital freight management platforms to be gaining momentum as companies seek to streamline global supply chains, improve transparency and optimise logistics costs. The engagement is presented as validation of Shipwaves' technology as a scalable and enterprise ready solution for global manufacturers seeking to modernise logistics infrastructure. Company officials indicated that securing a marquee enterprise client like Hindalco reinforces Shipwaves' position as a trusted technology partner for large industrial organisations pursuing digital transformation in supply chain and freight management. The company warned that forward looking statements are subject to risks and uncertainties and that past performance should not be extrapolated. The notice clarified that actual results might differ materially and that the company does not undertake an obligation to update forward looking statements.

Next Story
Infrastructure Urban

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Next Story
Infrastructure Urban

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Next Story
Infrastructure Urban

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement