iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

TVS Supply Chain Soars 3% on Extended Rolls-Royce Deal

26 Mar 2024 , 03:16 PM

TVS Supply Chain Solutions Limited, a global leader in supply chain solutions, announced on February 20th that it has extended its contract with Rolls-Royce, a renowned innovator in technology, for an additional five years until 2029.

The extension focuses on the advanced Parts Distribution Centre (PDC) situated in Singapore, which caters to the Asia Pacific markets for Rolls-Royce's Power Systems business unit.

'We are thrilled to prolong our collaboration with Rolls-Royce and contribute to the success of their Parts Distribution Centre in Singapore,' stated Vittorio Favati, CEO of TVS SCS Global Forwarding Solutions. 'The contract renewal underscores the efficiency and dependability of our customized supply chain solutions. We eagerly anticipate enhancing the operational excellence of the PDC and supporting Rolls-Royce's continuous expansion in the Asia Pacific region.'

At 3:18 pm, shares of TVS Supply Chain were trading more than 3% higher at ₹196.80 on the National Stock Exchange (NSE).

TVS Supply Chain Solutions, a subsidiary of the Chennai-based TVS Group, debuted on the public market in August and has demonstrated growth and strong performance in its integrated supply chain business.

In a recent interview with CNBC-TV18, the company's Executive Chairman, R Dinesh, mentioned that rising freight and insurance costs may persist, while freight forwarders are exploring alternatives to mitigate the impacts of the crisis-stricken Red Sea shipping route.

Related Tags

  • TVS Supply Chain
  • TVS Supply Chain news
  • TVS Supply Chain rolls royce deal
  • TVS Supply Chain share price
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.