AVG Logistics solutions provider secured term loan facilities to cater to working capital and capex requirements

MUMBAI : AVG Logistics Limited has successfully secured a term loan facility of Rs 20 crore from a leading Non-Banking Financial Company (NBFC). This crucial funding will be strategically utilised to bolster the company’s working capital and facilitate significant capital expenditure, particularly for the import of ISO tank containers and fleet expansion. This move marks a pivotal moment for AVG Logistics as it embarks on a new venture into the specialised and rapidly expanding sector of liquid chemical transportation within the Indian logistics industry. The acquisition of these ISO tank containers is set to enhance AVG Logistics’ operational capabilities and broaden its service offerings, enabling it to cater more effectively to the needs of large-scale businesses across India.

This strategic expansion into liquid logistics through ISO tank containers, especially when integrated with rail-based logistics, aligns with AVG Logistics’ vision of providing sustainable and reliable solutions. This initiative is expected to significantly contribute to reducing carbon emissions and promoting environmentally responsible supply chain practices, fostering a greener and more efficient transportation system. The foray into this niche yet vital segment is anticipated to unlock new growth opportunities, positioning AVG Logistics as a key player in the transportation of chemicals, oils, gaseous and other liquid commodities, thereby complementing its existing robust infrastructure and end-to-end logistics solutions.