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Allcargo Terminals acquires shares in Haryana Orbital Rail Corporation

11 Nov 2024 Evaluate

Allcargo Terminals has acquired 9,12,00,000 Shares of Haryana Orbital Rail Corporation (HORCL) from Allcargo Logistics (ACL), Promoter Group of the Company, on November 8, 2024, pursuant to the Share Purchase Agreement executed between the Company and ACL on October 28, 2024.

The Company being a leading operator in CFS business, for achieving long term strategic growth, the Company is interested in developing Inland Container Depots (ICD). In this context, the Company has plans to develop and operate the rail connected ICD facility at Jhajjar. The HORCL investment is important for the Company to ensure the rail connectivity for ICD to Dedicated Freight Corridor (DFC) through Haryana Orbital Rail Corridor (HORC). DFC connectivity will ensure strategic advantage to the ICD which will contribute to the future growth.

Allcargo Terminals is engaged in the business of operating Container Freight Stations.

Allcargo Terminals Share Price

24.44 -0.08 (-0.33%)
19-Jun-2026 16:59 View Price Chart
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