Gateway Distriparks gains as its arm plans to set-up fourth ICD in Gujarat

13 Jul 2015

Gateway Distriparks is currently trading at Rs. 332.00, up by 0.60 points or 0.18% from its previous closing of Rs. 331.40 on the BSE.

The scrip opened at Rs. 333.20 and has touched a high and low of Rs. 336.70 and Rs. 332.00 respectively. So far 4,691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 459.40 on 20-Jan-2015 and a 52 week low of Rs. 221.60 on 14-Jul-2014.

Last one week high and low of the scrip stood at Rs. 354.80 and Rs. 315.25 respectively. The current market cap of the company is Rs. 3,609.00 crore.

The promoters holding in the company stood at 32.86% while Institutions and Non-Institutions held 55.41% and 11.73% respectively.

Gateway Distriparks’ subsidiary company - Gateway Rail Freight (GRFL), is setting up its fourth Inland Container Depot (ICD) at Viramgam near Ahmedabad in state of Gujarat. This will be a terminal on the confluence point of the two double stack routes between Garhi Harsaru in Gurgaon (Haryana) and two main ports on the west coast at Mundra and Pipavav in Gujarat.

The terminal with the railway siding and container yard will be constructed over 35 acres of land acquired and is expected to be operational within a year. All the necessary regulatory approvals from Western Railway for this purpose are in place.

Gateway Distriparks is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form. The company operates CFS located at Dronagiri, Navi Mumbai, New Manali, Chennai, Vishakapatnam and Inland Container Depot at Garhi Harsaru (near Delhi) and Haryana.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323