+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code