Small-Cap Transport Services Stock Jumps Nearly 8% On Securing 2 GW Solar Logistics Project

Tiger Logistics (India) Ltd, a comprehensive international logistics services provider, has previously completed mega renewable energy sector logistics projects as per demand under its green energy division -- TiGreen. The full truckload of high-value capital goods (heading towards 200 containers) transported from China to India, in excess of 2 GWs of solar equipment moved, has consolidated the company's position as a market leader in the green energy logistics space.

Other than vessel space scarcity and port jamming in China-India trading line, Tiger Logistics successfully delivered crucial consignment on time and smoothly sailed the cargo to major Indian ports such as Nhava Sheva, Mundra, Hazira, Chennai, etc. The firm utilized its highly specialized knowledge of the domain and solid IT infrastructure to make these complex shipments possible.

Mr. Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, said, "TiGreen's performance reinforces our position as a trusted international logistics partner to the renewable energy sector. We are proud to play a catalytic role in powering India's clean energy mission through efficient and compliant international logistics solutions."

"As India accelerates its energy transition, TiGreen is well-positioned to capture the growing demand in the renewable energy supply chain. Our execution strengthens our leadership in renewable energy logistics and creates lasting value for shareholders. The company expects continued momentum in its RE vertical, driven by ongoing investments in solar infrastructure, trade lane optimization, and project logistics capabilities," Mr. Harpreet Singh Malhotra added.

In addition to the above strategic move, the company also revealed that its board of directors has approved a proposal to list Tiger Logistics shares on the Main Board of the National Stock Exchange of India (NSE). This decision was taken at the Board meeting and is in line with the Company's wider plan to increase its profile in the market, to provide greater liquidity for its shareholders, and to reach a wider investor audience. The listing will be approved after obtaining regulatory consents and fulfilling the listing requirements of the NSE.

Tiger Logistics (India) Limited is a company that is listed on the Bombay Stock Exchange and provides far-reaching logistic services for freight supply chain management, such as freight forwarding (air & ocean), project logistics, transportation, defence logistics and customs clearance.

Tiger Logistics (India) Ltd. (TIGERLOGS) has performed well today, according to the latest data from the Bombay Stock Exchange (BSE). The stock climbed by Rs 0.51, or 1.04%, from its previous close of Rs 48.99 to its current price of Rs 49.50. Since opening at Rs 48.76, the stock has fluctuated between a low of Rs 48.50 and a high of Rs 52.69, marking a gain of 7.55% from the previous close. There were 259,296 shares traded during the day so far.