VRL Logistics signs agreement with Rajglory Infra for Transhipment Yard
DSIJ Intelligence / 19 Jun 2017
VRL Logistics Limited is engaged in goods transportation and passenger transportation. The company offers logistics services dealing in the domestic transportation of goods.
VRL Logistics has entered into an agreement of sale with Rajglory Infra LLP, at an estimated cost of around Rs 83 crore, for the purchase of land and construction of transhipment yard at Surat, Gujarat.
VRL Logistics Limited is engaged in goods transportation and passenger transportation. The company offers logistics services dealing in the domestic transportation of goods.
At Rs 330.95 per share at 0950 hours IST on BSE, VRL Logistics was trading higher by 3.2%. It hit a high of Rs 334.90 and a low of Rs 328.05 so far during the day.
The stock has delivered more than 10% returns in a period of one year. It has outperformed Nifty Services Sector Index and underperformed BSE Small-cap over the same period. Its closest peers include Allcargo Logistics and Navkar Corporation.
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