VRL Logistics Signs Agreement To Purchase Land For Transhipment Yard

VRL Logistics has entered into an agreement of sale with Rajglory Infra LLP for the purchase of land and construction of transhipment yard at Surat, Gujarat at an estimated cost of around Rs 83 crore.

VRL Logistics was trading higher by 3.2% at Rs 330.95 per share at 0950 hours IST on BSE. 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.

VRL Logistics Limited is engaged in goods transportation and passenger transportation. The company offers logistics services dealing in the domestic transportation of goods.

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