Shipwaves Online Limited has announced the receipt of a significant purchase order valued at USD 55,800 (approximately Rs. 53,30,016) from TATA UK Limited. This contract is for the provision of a centralized digital platform designed to track and monitor ocean, air, breakbulk, and courier shipments across TATA UK’s global supply chain and project logistics operations. The contract is for a term of three years.
New International Logistics Contract Awarded
Shipwaves Online Limited is pleased to report the successful acquisition of a new contract from TATA UK Limited. This agreement marks a significant step for the company in expanding its international clientele and service offerings in the global logistics technology sector.
Contract Details and Scope
The contract, valued at USD 55,800, which equates to approximately Rs. 53,30,016, involves providing TATA UK Limited with a comprehensive centralized digital platform. This platform will be instrumental in tracking and monitoring various modes of shipment, including ocean, air, breakbulk, and courier services, across TATA UK’s extensive global supply chain and project logistics operations. The agreement is set for an execution period of three years.
Key Contractual Information
The entity awarding the contract is identified as TATA UK Limited, an international entity. The terms and conditions of the contract are focused on delivering a robust digital solution for logistics oversight. Shipwaves Online Limited confirmed that neither the promoter nor any promoter group companies hold any interest in TATA UK Limited, and the contract is not considered a related-party transaction, being conducted at arm’s length.
This new business provides Shipwaves Online Limited with enhanced revenue streams and strengthens its position as a provider of advanced logistics tracking and monitoring solutions for international corporations.
Source: BSE
