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FINWIRES

A-1 Aims to Make Entire Fleet Debt-Free by October; Shares Up 5%

-- Chemicals manufacturer A-1 (BOM:542012) aims to make its entire fleet of tankers and vehicles debt-free by October, according to a BSE filing on Monday.

The company has made over 90% of its fleet of tankers and vehicles debt-free, and plans to make the remaining vehicles debt-free by October.

A-1 also plans to increase its fleet by adding 10 multi-excel vehicles and tankers, which will help the company's sales in the coming days. Its logistics revenue is also expected to see a significant boost.

The company's shares were up nearly 5% in recent trade.

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