Delhivery surges on launching largest mega-gateway in Bhiwandi

21 Dec 2023 Evaluate

Delhivery is currently trading at Rs. 376.95, up by 12.45 points or 3.42% from its previous closing of Rs. 364.50 on the BSE.

The scrip opened at Rs. 364.20 and has touched a high and low of Rs. 380.80 and Rs. 360.90 respectively. So far 36417 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 452.00 on 05-Sep-2023 and a 52 week low of Rs. 291.00 on 27-Jan-2023.

Last one week high and low of the scrip stood at Rs. 380.80 and Rs. 354.50 respectively. The current market cap of the company is Rs. 27725.81 crore.

The Institutions and Non-Institutions held 80.18% and 19.82% stake in the company.

Delhivery has successfully operationalized its largest mega-gateway in Bhiwandi. Built over 1,200,000 sq ft. of land area, the Bhiwandi trucking terminal is one of India’s largest logistics facilities and combines automated hub, sortation, returns, and freight operations with the capability to handle Delhivery’s parcel and part truckload freight volume simultaneously.

The automated gateway has 196 docking stations and is designed to transact over 8,000 tonnes of freight, with 1600 vehicles transiting through it daily, a vehicle every 54 seconds. The facility’s automation system, developed and deployed by Falcon Autotech (Delhivery invested company), comprises 1.8 km of integrated double-deck cross-belt sorters coupled with over 5kms of material conveyance systems, and is equipped to process over 32,000 shipments and 17,000 freight units per hour. 

The upgraded facility is strategically located in one of the busiest logistic corridors in India. It is also well-placed to leverage the seamless connectivity to the capital via the New Delhi-Mumbai expressway. This is the company’s second mega-facility after its first facility in Tauru, Haryana, went live in 2021. A third mega-facility in Bangalore is also expected to become operational in 2024.

Delhivery is an Indian logistics and e-commerce supply chain company.

Delhivery Share Price

449.55 -3.15 (-0.70%)
15-May-2024 16:01 View Price Chart
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