Gateway Distriparks (GDL) has completed the acquisition of Kashipur Infrastructure and Freight Terminal (KIFTPL), which owns and operates ICD Kashipur located in Uttarakhand. Spread over 41 acres, the ICD has three rail sidings and the target market in the region includes various industries such as paper products, wastepaper, chemicals, home furnishings, handicrafts, automotive parts, polyfilms, soda ash and other industrial goods.
ICD Kashipur will add additional volumes to the rail operations of GDL and will be connected to the Western Dedicated Freight Corridor via the company’s ICD in Gurgaon by utilising our hub and spoke operations, and increasing the overall double stack volume for the company. With this acquisition, KIFTPL has become a subsidiary of the Company, effective from December 23, 2022. Furthermore, the process to acquire the remaining 0.08% shareholding from Fourcee Infrastructure Equipments, which is in liquidation, is underway.
Gateway Distriparks (formerly Gateway Rail Freight) is engaged in providing inter-modal logistics services.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.64 |
| TVS Supply Chain Sol | 117.00 |
| Container Corp | 516.35 |
| Delhivery | 467.30 |
| Mahindra Logistics | 412.30 |
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