AllCargo Logistics saw its shares surge by 6%. This increase reflects strong market confidence in the company as it continues to perform well within the logistics sector.
The company has been gaining attention for its strategic moves in warehousing and distribution, contributing to its steady growth. Investors are optimistic about AllCargo’s future as it focuses on expanding its operations and improving efficiency in logistics services.
As of 12:48 PM the shares were trading 5.94% higher at ₹69.35 on NSE.
AllCargo Gati Ltd has entered into a significant partnership with RK Builders, a leading player in the warehousing sector. This collaboration marks a milestone for both companies as they aim to transform the warehousing and logistics landscape in India. Under the leadership of Mr. Randhir P. Mhatre, RK Builders has secured a deal that allows AllCargo Gati to utilize a newly constructed, 200,000 sq. ft. Build-to-Suit (BTS) warehouse facility at R.K. LOGI WORLD in Bhiwandi, Maharashtra.
This facility, located strategically in Bhiwandi, offers superior connectivity to major highways and proximity to key city regions, making it ideal for efficient distribution and warehousing processes. The warehouse, built to global standards, features advanced infrastructure, including temperature-controlled storage, safety measures, and environmentally compliant designs.
Speaking about the deal, Mr. Mhatre shared that RK Builders is committed to delivering top-tier warehousing solutions tailored to modern logistics needs. The partnership with AllCargo Gati is expected to enhance operational capabilities and position RK Builders as a leading name in India’s growing warehousing market, which is projected to grow at a robust CAGR of 10% over the next decade.
