August 14, 2026: Tiger Logistics (India) Ltd. has secured 2 air import contracts from Hindustan Petroleum Corporation Limited (HPCL) worth approximately ₹8.80 crore for transporting around 310 MT of specialised project cargo to Visakhapatnam.
Author: Aadarsh Patel | EQMint
The company disclosed the contracts in a filing dated August 13, 2026, under Regulation 30 of the SEBI LODR Regulations.
310 MT Cargo to Move From France and Saudi Arabia
The project will be executed through 3 chartered flights.
Around 80 MT of cargo will be transported from France, while another 210 MT will move from Saudi Arabia, with both consignments destined for Visakhapatnam, India.
Tiger Logistics will manage the movement on an end-to-end ex-works basis, covering:
- Air freight
- Customs clearance
- Inland transportation
- Origin-to-destination coordination
The company said the assignment involves specialised and time-sensitive cargo, requiring coordination across multiple locations and regulatory processes.
Contract Details
According to the company’s SEBI disclosure on page 4, HPCL is the entity awarding the contracts, while the nature of the work covers air freight, customs clearance and inland transportation operations.
The contracts have a stated execution period of 1 year, with an approximate consideration of ₹8.80 crore. The disclosure also confirms that the promoter or promoter group has no interest in HPCL and that the contracts don’t fall under related-party transactions.
The underlying cargo movement is international, involving imports from France and Saudi Arabia into India, although the awarding entity, HPCL, is a domestic entity.
Tiger Logistics Strengthens PSU Air Cargo Business
The HPCL contracts add to Tiger Logistics’ work with public sector enterprises.
The company said the assignment builds on its experience handling specialised logistics projects for PSUs, including Bharat Heavy Electricals Limited (BHEL).
Chairman and Managing Director Harpreet Singh Malhotra said the contracts demonstrate the company’s ability to manage complex air-cargo movements using chartered aircraft, where planning, regulatory compliance and coordination across multiple touchpoints are required.
EQMint Analysis
The ₹8.80 crore HPCL contracts are relatively small compared with the overall scale of Tiger Logistics’ business, but the nature of the assignment is significant.
The company is handling 310 MT of specialised cargo through 3 chartered flights, with responsibility extending from air freight and customs clearance to inland transportation. Successful execution could strengthen its credentials in high-value, time-sensitive project logistics for large PSUs.
The key factor to watch now is execution over the 1-year contract period, along with whether the HPCL relationship leads to additional specialised logistics assignments.
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Disclaimer: This article is not an investment advice and is for educational purpose only.
