Tejas Cargo India Limited — Important, 14-07-2025: Updates

Tejas Cargo India expanded its fleet by 83 vehicles (net 68) in Q1, boosting operational capacity. Trips completed were 24,275, with average revenue per trip improving ~6%. The company onboarded 3 new clients, reaching ~85 active clients. A strategic move involves acquiring 100% equity in Tejas Carrier Solutions to strengthen integrated logistics and expand into specialized transport. Tejas Cargo secured a CARE BBB-; Stable credit rating, with term loan outstanding reduced to INR 106.49 Cr. Future plans include adding 50 vehicles and expanding into coal/mineral/metal transport, exploring mining logistics with Coal India tenders.