Kaushalya Logistics expands to agri; secures contract with Uttarakhand
The contract involves transporting high-quality seeds from Uttarakhand to major agricultural hubs, including Bihar, Uttar Pradesh, and West Bengal.
Kaushalya Logistics (NSE: KLL) has secured a Full Truck Load (FTL) transportation contract with Uttarakhand Seeds and Tarai Development Corporation (UKS & TDC).
This agreement marks KLL’s entry into new sectors, PSUs and agricultural logistics, beyond its core expertise in cement logistics.
The contract involves transporting high-quality seeds from Uttarakhand to major agricultural hubs, including Bihar, Uttar Pradesh, and West Bengal. The contract spans one year, with an option for a 3-month extension, reflecting the potential for extended collaboration.
UKS & TDC is a PSU dedicated to enhancing crop productivity and supporting farmers by providing quality seeds.
“By collaborating with UKS & TDC, KLL not only diversifies its service portfolio but also underscores its adaptability and vision for long-term growth. Entering this segment, particularly through a partnership with a key PSU, signifies KLL's ability to manage specialised logistics needs. This contract sets the foundation for future collaborations with agribusinesses and other government entities,” reads the release.
For KLL, the partnership brings multiple advantages, including revenue diversification through agriculture-focused logistics, steady cash flow, and enhanced credibility in handling specialised FTL requirements.
Kaushalya Logistics transitioned from construction to providing logistic support to the cement industry in 2010. Renamed Kaushalya Logistics Limited in 2023, it operates in 70 locations across multiple states, serving Dalmia Cement Bharat.
For FY24, the company has reported total revenues of ₹1,478 crore, EBITDA of ₹19 crore and net profit of ₹9 crore.
