India's AVG Logistics jumps after projecting 15%-20% rev growth in FY27
BUZZ-India's AVG Logistics jumps after projecting 15%-20% rev growth in FY27 ** Shares of supply chain co AVG Logistics AVGL.NS up 6.5% to 222.98 rupees apiece, on track for fourth straight session of gains
** Given current order book, customer pipeline, expansion into new business segments, AVGL sees 15%-20% rev growth, capex of 500 million rupees ($5.25 million) in FY27, according to its earnings call
** On June 29, co set a top-line growth target of 12.5 billion rupees by 2030
** Expects to grow liquid logistics business to 8-10 trains by 2030
** Targets addition of another rail-based liquid logistics rake and above 100 vehicles in FY27
** Sees demand growth from government-based infra projects, freight corridors, and multimodal logistics parks, among others
($1 = 95.3050 Indian rupees)
($1 = 95.3050 Indian rupees)
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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