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Logistics stock jumps 7% after receiving order worth ₹63 Cr from Premier Energies, Megha Engineering and others

Logistics stock secured ₹63 crore in transportation contracts across renewable energy, infrastructure, and manufacturing. With specialized orders, it strengthens its presence in logistics and infrastructure transportation across India.
Logistics stock won ₹63 crore contracts, boosting presence in energy, infrastructure, manufacturing.
Logistics stock won ₹63 crore contracts, boosting presence in energy, infrastructure, manufacturing.

Introduction:

Logistics stock has secured transportation contracts worth ₹63 crore across various industries, including renewable energy, infrastructure, and manufacturing. With specialized orders for solar panels, tunnel boring machines, and over-dimensional cargo, the company strengthens its presence in logistics and infrastructure transportation across India.

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Share Price movement of Premier Roadlines:

On March 12, 2025, Premier Roadlines Limited opened at ₹91.00, reaching a high of ₹100.05, up 7% from its previous close of ₹90.20, with a low of ₹88.05. The stock is currently trading at ₹96.45, with a market cap of ₹220.51 crore.

Premier Roadlines received order:

Premier Roadlines Limited has secured transportation contracts worth ₹63 crore across various industries. Major orders include ₹37 crore for transporting renewable solar panels from leading companies and ₹8 crore for moving India’s biggest Tunnel Boring Machine for Megha Engineering & Infrastructure Limited.  

Additional contracts include ₹4 crore for power transmission cargo, ₹2 crore each for over-dimensional DG sets and heavy gearboxes, and ₹94 lakh for a Tunnel Boring Machine transport order from Larsen & Toubro. These contracts reinforce the company’s expertise in handling specialized and over-dimensional cargo.  

The company also secured multiple orders from multinational corporations and manufacturing firms for transporting transformers, steel, engineering products, and industrial gases. With diverse contracts spanning up to a year, Premier Roadlines strengthens its position in logistics and infrastructure transportation.

Also Read: Stock jumps after it signs agreement with  KARRAN INC.,USA for supply of quartz kitchen sinks

Ace investor holding of Premier Roadlines:

Amit R Agarwal has newly acquired a 1.01% stake in Premier Roadlines Ltd., holding 2.3 lakh shares valued at ₹2.2 crore. His investment highlights confidence in the company’s logistics and infrastructure growth potential, positioning him among notable investors tracking opportunities in the sector.

Stock performance of Premier Roadlines for Period of 1 week, 6 months:

Premier Roadlines witnessed a 7.84% decline in the past week, reflecting short-term market volatility. Over the last six months, the stock faced a 32.2% drop, indicating extended downward pressure. The performance suggests challenges in sustaining momentum amid broader sectoral trends and market fluctuations.

Also Read: Recycling stock jumps after it receives order worth ₹5.3 Cr from UAE based company

Shareholding pattern of Premier Roadlines:

SummaryDec-24Sep-24
Promoter 73.70%73.70%
FII0.00%0.00%
DII 4.20%3.60%
Public22.10%22.70%
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About Premier Roadlines:

Premier Roadlines Ltd (NSE : PRLIND) is a leading logistics company specializing in transportation solutions for renewable energy, infrastructure, and manufacturing sectors. It handles over-dimensional cargo, tunnel boring machines, and engineering goods, serving top corporations across India with efficient and reliable freight movement services.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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