Homegrown logistics solutions provider renews contract with Indian Institute of Science

East West Freight Carriers Limited, a wholly-owned subsidiary of homegrown logistics solutions provider East West Holdings, has a CHA service contract with the Indian Institute of Science
(IISC), Bengaluru.

This renewed service contract with IISC, Bengaluru - which is ranked as India's top University and Research institution - is expected to generate Rs 18-22 crores in revenue for the company. 

“Renewal of contract by such a reputed organization has boosted our confidence and I believe that this year is going to be a fantastic year for the Company in terms of revenue and growth,” Ajaz Shafi Mohammed - Managing Director and CEO was quoted as saying in an exchange filing.

East West Holdings Limited (EWHL) is engaged in providing total logistic solutions through its WOS East West Freight Carriers Limited (EWFCL).

The company's Quarterly Net Profit was at Rs 0.11 crore in September 2023, up 178.26 per cent from Rs 0.14 crore in September 2022.