The shares of one of the leading and largest integrated logistics services providers in India, in green after successfully launching the Bhiwandi Mega Gateway, thereby expanding its presence and operations.
In the day’s trade, the shares of Delhivery Limited closed at Rs. 365, up 0.29 percent from its previous day’s close price of Rs. 363.95, and its market capitalization is Rs. 26,792 Crores.
Delhivery Limited has further expanded its presence by successfully launching the Bhiwandi Mega Gateway 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 is developed and deployed by Falcon Autotech(Delhivery invested company), comprising 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.
Sahil Barua, Managing Director & Chief Executive Officer, Delhivery, said, “Our expanded Bhiwandi gateway will enable us to increase capacity for Mumbai and the West Zone’s large and SME freight shippers while maintaining world-class service reliability and efficiency.
Our investments in this facility’s cutting-edge automation systems will enable us to generate improvements in efficiency and speed, setting a new standard for our network and the industry at large.”
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 Limited is one of the leading and largest integrated logistics services providers in India. It provides a full range of Logistics services, including delivery of express parcels and heavy goods, partial truckload shipping, full truckload shipping, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
As of Q2FY24, It has a well-planned operational infrastructure and facilities with over 108 gateways, 30 automated sort centers, 140 service centers, and 3,412 express delivery centers, with reach to over 18,655 pin codes, with services to over 220+ countries and territories and with 30,359 active customers.
As of Q2FY24, it generated 62 percent of its revenue from express parcels, 19 percent from partial truckloads, 8 percent from truckloads, 8 percent from supply chain services, and 3 percent from cross-border services.
The company’s revenue grew 4.98 percent from Rs. 6,882.29 Crores in FY22 to Rs. 7,225.3 Crores in FY23, accompanied by losses of Rs. 1,011 Crores to Rs. 1,007.78 Crores.
Written by: Bharath K.S
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