Allcargo Logistics gains on plan to set-up Container Freight Station facility at Kolkata Port

19 Oct 2015

Allcargo Logistics is currently trading at Rs. 319.55, up by 2.75 points or 0.87% from its previous closing of Rs. 316.80 on the BSE.

The scrip opened at Rs. 317.00 and has touched a high and low of Rs. 322.00 and Rs. 317.00 respectively. So far 7,370 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 378.50 on 09-Apr-2015 and a 52 week low of Rs. 228.35 on 20-Oct-2014.

Last one week high and low of the scrip stood at Rs. 322.00 and Rs. 306.30 respectively. The current market cap of the company is Rs. 4,039.00 crore.

The promoters holding in the company stood at 69.92% while Institutions and Non-Institutions held 6.29% and 23.79% respectively.

Allcargo Logistics is setting up Container Freight Station facility at Kolkata Port. This step is part of the growth strategy of the Container Freight Station Business of the company. The total investment for setting up CFS facility at Kolkata port is envisaged at this stage to be around Rs 35 crore and expect to fully operationalize latest by end of FY2017. The objective of setting up the said facility is to avail the opportunity of covering growing container traffic of eastern parts of the country.

The Kolkata Port Authority has recently allotted land admeasuring 16.5 acres on long term lease basis (30 years) to the company for setting up of CFS facility, which will be situated at a distance 2.5 km from the Kolkata Port. The proposed CFS facility will have state of the art infrastructure like other CFS & ICD facilities at JNPT, Chennai, Mundra, Dadri & Pithampur.

Allcargo Logistics is an integrated logistics service provider and broadly operates in three segments - Multimodal Transport Operations (MTO), Container Freight Stations (CFS)/Inland Container Depot (ICD) and Project & Engineering solutions (P&E).

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Allcargo Logistics Share Price

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Puchho Befikar
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