Shares of TVS Supply Chain Solutions gained more than 4% after the company announced the establishment of a new 40,000 sq. ft. warehousing facility at the Free Trade and Warehousing Zone (FTWZ) in Mannur Village, near Chennai. The facility has been developed to support the global supply chain operations of Caterpillar, enabling multi-country sourcing and strengthening its manufacturing ecosystem.
The warehouse is strategically positioned along the Chennai–Bengaluru Industrial Corridor, offering strong connectivity to major ports including Chennai Port, Ennore Port, and Kamarajar Port. These ports collectively handle nearly 20% of India’s container traffic, making the location important for efficient global logistics movement.
The development also aligns with the Make in India initiative, which aims to position India as a global manufacturing and supply chain hub. By enabling multi-country sourcing through India, the facility strengthens the country’s role in global manufacturing networks.
The newly established warehouse has around 4,000 pallet positions and is designed to improve operational efficiency for Caterpillar’s supply chain. The facility is expected to help optimise lead times, lower landed costs, and allow faster response to changes in global demand and supply.
At 9:33 AM (IST), TVS Supply Chain shares were trading at ₹107.49, up over 4% from the previous close of ₹106.08. The stock touched an intraday high of ₹110.85, while the opening price stood at ₹107.49. Over the past 52 weeks, the stock has recorded a low of ₹92.16 and a high of ₹147.00.