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.

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