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TCI Express jumps on commissioning first largest automated B2B sorting centre in Gurgaon

11 Mar 2022 Evaluate

TCI Express is currently trading at Rs. 1827.15, up by 28.10 points or 1.56% from its previous closing of Rs. 1799.05 on the BSE.

The scrip opened at Rs. 1815.00 and has touched a high and low of Rs. 1865.55 and Rs. 1814.60 respectively. So far 772 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2570.00 on 23-Dec-2021 and a 52 week low of Rs. 807.00 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 2100.00 and Rs. 1638.00 respectively. The current market cap of the company is Rs. 6992.62 crore.

The promoters holding in the company stood at 66.70%, while Institutions and Non-Institutions held 11.66% and 21.64% respectively.

TCI Express has successfully commissioned India's first largest automated B2B sorting centre in India at Gurgaon. The new sorting centre has been named as ‘GIGA Sorting Centre’ spread across 2 lakh square feet of area.

The sorting centre has been equipped with 0.6 km of fully automated loop sorting system with a throughput capacity of 15,000 parcels/packets per hour. The system also offers automatic loading and unloading of more than 140 containerized trucks in a single run, thus reducing the parcel handling time and vehicle halting time by 40% and also increase fuel efficiency trucks.

Driven by the solar energy to cater to offset the carbon foot print and attain its ESG goal, this new age sorting centre comes from the rooftop installed solar power plant in-lined with its vision 'To make a qualitative difference to society and environment'. The company continues its investments towards renewable energy, managing carbon footprint.

TCI Express is engaged in offering transport, storage, warehousing and support services for transportation. The company is engaged in express distribution and offers a single window door-to-door solution to customers. The company provides around the clock services and time sensitive express deliveries by air mode.

TCI Express Share Price

507.70 -3.40 (-0.67%)
03-Jul-2026 16:59 View Price Chart
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