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Chartered Logistics receives order worth Rs35cr from GAIL; Stock trades higher

The project order is for transportation of polymers for various destinations of 'West Zone' and 'North Zone'.

May 18, 2021 10:44 IST | India Infoline News Service
GAIL India
Chartered Logistics Ltd has informed that it has bagged order worth Rs34,82,94,252 from Gail(lndia) Limited to be executed in period of 2 years.

The project order is for transportation of polymers for various destinations of 'West Zone' and 'North Zone'.

The contract shall be valid for a period of two years from the date of subject Fax of Acceptance (FOA). However, GAIL reserves the right to extend the contract for a further period of six months on the same terms and conditions, as per provisions of Tender Document.

The stock hits an intraday high at Rs3.93 per piece during early trading hours on Tuesday.

At around 10:45 AM, Chartered Logistics was trading at Rs3.93 per piece up by Rs0.35 or 9.78% from its previous closing of Rs3.58 per piece on the BSE.

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