AVG Logistics bags ₹105-crore Haldiram deal, 100 vehicles

Deal overview: 3 years, 100 vehicles, ₹35 crore a year

AVG Logistics has secured a fixed-term transportation contract from Haldiram-Nagpur for three years, with an anticipated annual revenue of approximately ₹35 crore. The cumulative value of the agreement works out to around ₹105 crore over the 36-month period. The company will deploy 100 dedicated vehicles for the client’s operations. The contract is positioned as a meaningful addition to AVG Logistics’ FMCG logistics portfolio. The company said the deal should improve fleet utilisation and provide better revenue visibility over the contract period. The announcement places the contract among the larger multi-year wins referenced by the company in its recent updates. AVG Logistics is listed on BSE (543910) and NSE (AVG).

What the contract includes and where it will operate

As per the disclosed details, the agreement involves deploying 100 vehicles across Western, Southern, and Eastern India. Along with the western and southern regions, the eastern coverage explicitly includes Odisha, Bihar, and Jharkhand. This geographic spread indicates a multi-lane distribution requirement rather than a single corridor movement. The contract is tied to Haldiram-Nagpur’s supply chain operations and is intended to support steady, dedicated capacity. For AVG Logistics, it represents an expansion of fleet commitment towards FMCG distribution requirements. The company described the deal as strengthening its presence in FMCG logistics. With a multi-region deployment model, execution will depend on consistent vehicle availability and network planning across the covered states.

Why the order matters for AVG Logistics’ FMCG logistics mix

The company has framed the contract as a step that increases predictability, with a multi-year tenure supporting revenue visibility. A fixed-term contract structure typically reduces the need for frequent spot-market renewals, although the company has not provided lane-level pricing or cost details. The use of 100 dedicated vehicles is a sizable asset commitment, and AVG Logistics expects better utilisation from that allocation. The announcement also highlights the company’s focus on organised third-party logistics services, including transportation, warehousing, and value-added services. AVG Logistics has previously referenced a hub-and-spoke model and a pan-India distribution network. The Haldiram-Nagpur engagement fits into that framework by expanding dedicated contract logistics work within FMCG.

Data snapshot: key disclosed parameters

Rights issue allotment: shares issued at ₹145

Alongside the contract updates, AVG Logistics has disclosed the finalisation of allotment of 36,50,356 fully paid-up equity shares at ₹145 per share following a rights issue. The rights issue subscription was reported at 122.14%. The company received 686 valid applications for 44,58,540 shares, while 85 applications were rejected. Following the allotment, the paid-up equity share capital increased to ₹18.708076 crore. The newly allotted shares were expected to commence trading on BSE and NSE on June 12, 2026. These capital-raising details are relevant because they provide context on funding and balance-sheet readiness for executing larger service contracts.

Additional context: a ₹35 crore logistics order and a ₹52.93 crore rights issue

The disclosures also refer to AVG Logistics securing a ₹35 crore logistics order, reinforcing its position in the transport sector. Separately, it references the completion of a ₹52.93 crore rights issue intended to boost working capital and support execution of major service contracts through the 2026-2027 fiscal year. While the company has not broken out how much of the working capital will be allocated specifically to the Haldiram-Nagpur contract, the timing of a multi-year fleet commitment and a recent capital infusion is notable. The company has positioned these steps as aligned with scaling service delivery across contract wins.

Recent service expansion: ISO tank liquid cargo vertical

AVG Logistics also disclosed the launch of a new business vertical for transportation of liquid cargo using high-grade ISO tanks, announced on January 07, 2026. The first customer named for this vertical is Chemplast Sanmar Limited. The disclosure mentions each train being designed to carry 96 ISO tank containers with a total carrying capacity of approximately 3,100 tons per trip. The company cited an expected annual revenue of approximately ₹22-24 crore for this initiative. The company also mentioned partnering with Central Warehousing Corporation for a long-term lease of its flatbed train. This provides additional context on how AVG Logistics is broadening beyond conventional road transport into rail-linked ISO tank solutions.

Other long-term contracts cited by the company

In its broader contract commentary, AVG Logistics has referenced a six-year agreement with Indian Railways valued at ₹105 crore for operating leased parcel express train services. The company has also referenced a UPSRTC partnership expected to generate approximately ₹60 crore in lifetime revenue as an authorised partner for express parcel services in Uttar Pradesh. These references indicate a strategy of building a portfolio of multi-year contracts across different logistics segments. However, the Haldiram-Nagpur order stands out as a dedicated FMCG road transportation arrangement with a defined fleet deployment of 100 vehicles.

Market snapshot: stock price reference

The provided market snapshot states the current price of AVG Logistics Ltd at ₹210.58. While the disclosure does not attribute the price move to a specific announcement window or quantify intraday performance, it provides a contemporaneous reference point for readers tracking the stock around the period of these updates.

What to watch next

The Haldiram-Nagpur contract provides a clear operational commitment in terms of vehicles and regions, along with an annual revenue indication of about ₹35 crore. The start of trading for the newly allotted rights issue shares on June 12, 2026 is another concrete milestone mentioned in the disclosures. Investors will also track execution markers that companies typically report over time, such as fleet deployment progress and ramp-up across routes, although no such timeline has been detailed here. Separately, the ISO tank vertical’s stated annual revenue target of ₹22-24 crore and the company’s mention of specialised assets highlight additional capacity build-out. For now, the primary confirmed datapoints remain the contract tenure, fleet count, revenue expectations, and the completed rights issue allotment and trading date.