New Delhi [India], February 04: Tiger Logistics (India) Ltd witnessed a significant surge in its stock price today, climbing over 5% to Rs 33.05 per share, following the announcement of a groundbreaking Memorandum of Understanding (MoU) with Russia’s H2 Invest. This strategic partnership is set to establish India’s first foundational supply chain for liquid hydrogen (LH2) transportation and storage infrastructure, a move that directly supports the nation’s ambitious green hydrogen goals. The collaboration will leverage H2 Invest’s advanced CryoSafe container technology to facilitate multimodal LH2 logistics across trucks, rail, and ships, covering an extensive supply geography.
This pivotal agreement not only introduces state-of-the-art cryogenic logistics solutions to India but also includes a crucial element of technology transfer and local manufacturing of specialised cryogenic tanks and storage systems. Such initiatives are vital for the Government of India’s National Green Hydrogen Mission, aiming to solidify India’s position as a global hub for green hydrogen, catering to both domestic demand and international export markets. This development comes as Tiger Logistics, a Bombay Stock Exchange-listed entity with a market capitalization exceeding Rs 340 crore, continues to demonstrate robust investor confidence, with promoters holding a substantial 57.10% stake and Foreign Institutional Investors (FIIs) at 11.33%. The company, a seasoned player with over 24 years of experience in international logistics and solutions, has a proven track record, having delivered multibagger returns of over 800% in the past five years, and is currently trading 16% above its 52-week low.
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