Small-cap stock in green after it expands its logistics fleet, to ensure optimal use of resources, enhance service delivery and operational efficiency, to fully utilize the Western Dedicated Freight Corridor’s (DFC) capabilities
At 10:42 a.m the shares of Gateway Distriparks Limited were trading at Rs. 104.80 and its market capitalization is Rs. 5,126 Crores.
Gateway Distriparks Limited has announced the addition of one new high-capacity container train which is making its first journey today, with 2 more trains being added by March 2024. With these additions, the company will have a total of 34 container trains by the end of this financial year.
The new high-capacity trains are being added on a long-term lease basis, aligning with its goal to fully utilize the Western Dedicated Freight Corridor’s (DFC) capabilities. Gateway Distriparks is ideally positioned in North and West India to maximize the benefits of the Western Dedicated Freight Corridor.
Its network of container terminals is strategically located to utilize the corridor for the longest possible distances, implementing an efficient hub and spoke model, ensuring optimal use of resources, and enhancing service delivery and operational efficiency.
Further in a significant move towards green & sustainable logistics, it has introduced 60 new road trailers that comply with the BS6 emissions standards. In addition, the company continues the ongoing conversion of existing diesel vehicles to CNG and is exploring the integration of Electric Vehicles (EVs) shortly as well.
The company’s revenue from operations grew 3.44 percent from Rs. 1,373.66 Crores in FY22 to Rs. 1,420.94 Crores in FY23, accompanied by increasing profits of Rs. 223.79 Crores to Rs. 239.9 Crores.
Gateway Distriparks Limited is an integrated inter-modal logistics service provider, with a network of 10 container terminals strategically located across the country, operating a fleet of 32 trainsets along with 560+ trailers for transportation between its facilities and maritime ports, as well as first & last mile connectivity to provide end-to-end solutions to the EXIM industry.
Written by: Bharath K.S
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