Paradeep Parivahan Ltd shares hit a day high of Rs 315 on 26 October, up 6%, after winning a 10-year JSW deal to run 100 electric trucks.

In a filing to BSE on 24 October, the logistics firm said it has signed a three-way agreement with JSW Cement Ltd and JSW Eco-Mobility Pvt Ltd.

The contract will run for 10 years. The disclosure came under Regulation 30, the rule that makes listed companies report major developments.

Under the deal, Paradeep Parivahan will run 100 electric heavy-duty trucks.

They will carry clinker, a key raw material for cement, and slag, a by-product of steel making, between Nandyal in Andhra Pradesh and Vijayanagar in Karnataka.

The fleet is expected to move around 125,000 tonnes of cargo a month. On paper, that is about 1.5 million tonnes a year.

It is the only operating figure the company has shared. The deal’s size is unknown.

The company kept the contract value private, citing confidentiality terms, and gave no start date, truck maker or vehicle model.

This is the second JSW order in recent weeks. On 9 October, Paradeep Parivahan told BSE it had received a contract from JSW Cement Ltd to move cement and related materials by road.

The company’s latest numbers give some background. For FY26, it reported revenue of Rs 386.31 crore and net profit of Rs 30.79 crore.

Revenue rose from Rs 178.31 crore in the first half of the year to Rs 208 crore in the second, and its market value stands at about Rs 493.46 crore.

At 10:25 am, the stock’s trading at Rs 310 on BSE, up 4.03% from the previous close of Rs 298.

The share sits well above its 52-week low of Rs 129.55 but below its 52-week high of Rs 340.10.

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