Eiko LifeSciences Limited (BSE: 540204) has announced a significant diversification into shipping, logistics, and container management solutions through its subsidiary, EikoVivify Logistics Pvt. Ltd. (EVL). This move aims to strengthen its presence in the supply chain sector while ensuring sustainable growth and risk mitigation across its operations.
In a major milestone, EVL has entered into a long-term service agreement with S J Logistics (India) Ltd. (SJL), a leading global logistics service provider. The partnership will focus on providing comprehensive container management solutions for a variety of industries, including hazardous and non-hazardous chemicals.
Expansion into Container Management
Under the collaboration, EVL has procured approximately 1,000 containers, including dry, flat rack, open-top, and refrigerated containers. These will be used for leasing, renting, and managing logistics, storage, and transportation solutions. The company plans to source containers both domestically and internationally, offering end-to-end container maintenance and management services to ensure operational efficiency.
This strategic diversification is aligned with Eiko LifeSciences’ focus on backward and forward integration, which will reduce business risks while supporting long-term growth objectives.
Speaking about the partnership, the management of Eiko LifeSciences highlighted the shared vision between EVL and SJL to revolutionize container management in the logistics sector. With SJL’s expertise in freight forwarding, warehousing, and customs clearance, combined with EVL’s innovative approach, the collaboration aims to redefine industry standards.
EikoVivify Logistics Pvt. Ltd. is a subsidiary of Eiko LifeSciences Limited, leveraging the parent company’s expertise in specialty chemicals, pharmaceutical intermediates, and APIs to provide tailored container solutions. The company is focused on delivering innovative logistics solutions for industries with diverse needs.