Shreeji Translogistics expands fleet size from 287 trucks to 302 trucks; stock gains ~1%

23 Aug 2022 , 02:52 PM

Shreeji Translogistics Limited (STL), an India-based surface logistics and parcel delivery service provider has purchased an extra 15 trucks to cater to the increased domestic demand.

With this growth, we will be able to meet the high demand in the Bonded trucking and FTL segments. Furthermore, this fleet expansion is consistent with the Company’s plan of growing fleet size by 100-150 trucks over the next 15-24 months.

This expansion will allow the organisation to serve more consumers, reach new markets, and create new business prospects.

Shreeji Translogistics’ management commented on the release “We are pleased to announce that the Company has purchased 15 more vehicles in order to capitalize on the huge potential in the domestic market for our distinctive logistics solution.

Furthermore, the purchase of 15 cars is one of the first stages in our development plan, which aims to broaden our reach, serve more consumers, and increase our service options. This growth will assist us in solidifying our position and domination in the bonded trucking sector.”

At around 2.56 PM, Shreeji Translogistics was trading 0.63% higher at Rs296.55 against previous close of Rs294.70 on BSE.