REDTAPE Limited has officially commenced commercial operations at its newly constructed Online Warehouse and Operations Set-up, located in Ludhiana, Punjab. This development marks a strategic step forward in strengthening the company’s e-commerce logistics and delivery infrastructure.
The warehouse is situated at Plot No. C1, G Block, Khasra No. 34//16-34//25/1/2-35//1/1-35//10/2-35//11/1-35//20/2-35//21/1 & 35//27-30//21/1 & 34//26, Khata No. 138/145-270/285-181/191, Village Heeran (also known as Hiran), Hadbast No. 217, Tehsil Sahnewal, District Ludhiana – 141112.
The facility encompasses a total built-up area of 47,700 square feet, with 44,000 square feet on the Ground Floor and 3,700 square feet on the Mezzanine Floor. The warehouse is designed to support REDTAPE’s online order fulfillment, improving its logistics efficiency and delivery operations across India.
This warehouse expansion aligns with the company’s goal to enhance its service capabilities for online consumers.
In the meantime, Redtape shares closed at ₹131.60 on Tuesday, dipping after opening at ₹138.00. The stock hit an intraday high of ₹139.12 and a low of ₹131.00. Despite the decline, it remains above its 52-week low of ₹125.55 but far from its 52-week high of ₹245.00
