Shreeji Translogistic wants to add BHEL as a new customer

Shreeji Translogistics rose 3.53% to Rs 73.01 after it recently added Bharat Heavy Electricals as a new customer in the Full Truck Load (FTL) segment.

Bharat Heavy Electronics Limited (BHEL) is a leading power supply and India’s largest engineering and manufacturing company in the energy and infrastructure sector.

STL is well positioned to provide BHEL with the logistical support it needs to keep its operations running smoothly and increasingly contribute to nation building. This partnership is a testament to the quality of service and reliability that Shreeji Translogistics offers to its customers.

This contract win reinforces the company’s market dominance by delivering pioneering, differentiated, value-added services and cost-effective transportation solutions, demonstrating its continued commitment to becoming a customer-centric and highly service-centric company.

The Shreeji Translogistics management team stated, “We are pleased to announce the addition of a new highly regarded customer, Bharat Heavy Electronics Limited (BHEL), to our customer portfolio for all Indian transportation of inbound and outbound shipments using various truck categories -to various locations to-from BHEL, Bhopal and/or anywhere to anywhere. This is a significant achievement for us and reflects the hard work and dedication of our team.

Additionally, this order is a notable achievement for Shreeji Translogistics Ltd as it continues to expand its business horizons. We are confident that we will seize the opportunities that arise and maintain and expand our market position.”

Shreeji Translogistics is active in freight management, logistics solutions and warehousing services. It covers a range of logistical requirements from import-export container movements to duty trucking. The various types of services the company offers include full truckload (FTL), parcel and less than truckload (LTL) transportation services, import-export services and duty-free transportation services. It operates different types of trucks based on design and size along with different capacities. Its container trucks are used to transport packages, white goods and consumer goods (FMCG). It owns and operates a fleet of more than 300 owned trucks and more than 4,500 outsourced trucks.

On a consolidated basis, Shreeji Translogistics’ net profit increased by 42.33% to Rs 2.69 crore on an increase in net revenue of 18.28% to Rs 52.14 crore as of December 3, 2022 from December 3, 2021.

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