Logistic major Allcargo subsidiaries buys land parcel worth Rs 231 crores in Gurgaon
Logistic major Allcargo Logistics Ltd’s two subsidiaries — Allcargo Inland Park and Jhajjhar Warehousing Private Ltd — have bought two land parcels in Gurgaon for a total consideration Rs 231 crore. Allcargo Inland Park bought the land tract from Model Economic Township for Rs 134 crore while Jajjhar Warehousing also bought bought land worth Rs […]
CJ Darcl Logistics files initial papers for IPO
CJ Darcl Logistics Limited, a diversified logistics company, has filed its draft red herring prospectus with market regulator Securities and Exchange Board of India. The offer comprises a fresh issue of shares worth ₹340 crore and offer for sale up to 54.31 lakh shares by existing shareholders. The OFS comprises of 3.69 lakh shares by […]
Shadowfax unveils centre in Surat with 10 lakh orders per day processing capacity
Logistics and delivery solutions firm Shadowfax has announced its largest fulfillment center in Surat, Gujarat. The facility, a distribution center (DC), spans over 1.5 lac sq ft and has a daily processing capacity of 10 lakh orders. The e-commerce service provider and hyperlocal company says that the newly launched hub integrates technology, including an advanced […]
APM Terminals Pipavav handles over 200 PMPH on single vessel
APM Terminals Pipavav achieved over 200 port moves per hour (PMPH) on a single vessel for the first time in the history of the port operations. The port carried out 880 moves, achieving a PMPH rate of 215.51 on MOL Endowment on August 17, 2023, says an official release. “This accomplishment also encompassed 52.59 crane […]
Xpressbees acquires delivery firm TrackOn
Logistics provider Xpressbees, on Monday announced its acquisition of transportation and delivery company TrackOn. With this acquisition, Xpressbees aims to target the small and medium enterprise sector through TrackOn’s franchisee network. Xpressbees currently runs its delivery operations across over 21,000 pin codes in nearly 3,000 cities and towns in India.
Pricier than petrol, rising tomato prices highlight some sour truths about India’s cold chain
Tomato prices are causing heartburn. Even other vegetables have suddenly become pricey. Experts attribute this to several factors, but add the situation exemplifies how the crisis could have been managed better with suitable cold-storage facilities. In the case of tomatoes — which hogged the headlines when the widely used vegetable in Indian household.
Coal ministry developing logistics policy for the sector, national coal evacuation plan
The coal ministry is developing a logistics policy for the sector and a national coal evacuation plan with a view to reducing logistics costs, an official statement said on Saturday. An inter-ministerial meeting on logistics was held to review the progress of implementation of the national logistics policy, the statement said adding that it was […]
Can warehouse automation technology unleash MSMEs’ real potential?
Warehouse automation technologies for MSMEs: Micro, small and medium enterprises (MSMEs) have been spearheading the Indian economy. These businesses, which include both manufacturing and service-based industries, have proven instrumental in creating jobs and driving innovation. However, they face challenges such as limited infrastructure, lean resources and excessive costs, which ultimately affect productivity. To demonstrate adaptability […]
Vistara kickstarts discussions to Integrate Staff with Air India
Vistara has started discussions on integrating its staff with Air India, even as the two Tata group carriers await regulatory approvals for merging with each other, its CEO said Monday. Vinod Kannan said there is unlikely to be any rationalisation of staff at Vistara because of this, but added not everyone may get the same […]
Industrial & warehousing sector recorded space absorption of 22.4 mn sq ft in H1 2023: Savills India
The industrial and warehousing sector recorded a total absorption of 22.4 million sq ft in H1 2023, indicating a 7% increase compared to the 20.9 million sq ft absorbed in the first half of 2022, according to a Savills India report. Tier I cities accounted for 75% of the total absorption in the first half […]