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Gati spurts as its arm launches a state-of-the-art temperature controlled warehouse near Delhi

30 Jun 2016 Evaluate

Gati is currently trading at Rs 173.30, up by 0.70 points or 0.41% from its previous closing of Rs 172.60 on the BSE.

The scrip opened at Rs. 173.90 and has touched a high and low of Rs. 174.45 and Rs. 172.40 respectively. So far 136473 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 206.50 on 30-Jul-2015 and a 52 week low of Rs. 94.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 175.00 and Rs. 145.75 respectively. The current market cap of the company is Rs. 1528.57 crore.

The promoters holding in the company stood at 41.04%, while Institutions and Non-Institutions held 13.56% and 45.40% respectively.

Gati Kausar, the temperature controlled supply chain solutions vertical of Gati, has launched its first temperature controlled warehousing facility near Delhi, on National Highway 8. It is a state-of-the-art facility developed with superior technology and high quality design elements, in line with ISO 22000 standards.

The new facility is spread over 4 acres, and currently has a capacity of more than 5000 pallets. It has multiple chambers that cater to temperature requirements ranging from -25 to +25 degrees C. This facility will serve the needs of varied industry sectors including Dairy, Pharmaceutical, Frozen Foods, Quick Service Restaurants, Ice creams, Confectionaries and Fruits & Vegetables.

Gati Kausar, with its fleet of 220 refrigerated vehicles, already provides high-quality logistics services to many popular brands in the country. This new cold store facility is part of a pan-India network that Gati Kausar is planning to develop to provide end-to-end, integrated cold chain solution for different industries.

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