This small-cap logistics company announces major progress in its project! Share price zooms over 6 per cent!

With this announcement, the GDL share price has zoomed over 6 per cent and currently, trades at Rs 76 level.

Gateway Distriparks Limited (GDL), an integrated inter-modal logistics service provider, has recently announced that it has completed the purchase of land at Dhanakya, near Jaipur, and will now commence construction of a new rail-linked inland container depot (ICD). This will be the company’s fifth ICD besides five container freight stations, taking the total to ten container terminals on a pan-India basis. GDL has already spent Rs 27 crore for the land acquisition and plans to spend another Rs 50 crore towards the cost of development of the ICD in the initial phase.  With this announcement, the GDL share price has zoomed over 6 per cent and currently, trades at Rs 76 level.  

Located near Dhanakya railway station and spread over 30 acres, the ICD will have two rail sidings and a designed annual capacity to handle over 1,25,000 TEUs. This section is already a double stack route, currently under electrification.  

It’s a major project, for which, the company is expected to construct an integrated warehousing complex and offer first & last mile road delivery for providing end-to-end multimodal services to the industrial areas of Jaipur market. The target market includes various segments such as artefacts, luxury textiles, ready-made garments, gems and jewellery, hand-knotted rugs, rubber-based prosthetics, food & beverages, agricultural products like guar gum, tobacco, minerals, automobiles, bicycles, machinery as well as machine tools among other goods.   

Prem Kishan Gupta, CMD of GDL said, “With the launch of National Logistics Policy by the Prime Minister, all the clearances will be under one roof, enabling us to develop this location as a multimodal logistics park and make it operational within the next 12 months. GDL will continue to develop multimodal logistics parks at major industrial and trading hubs across India.”  

He further added, “By providing integrated logistics services while continuing the expansion of our existing terminals and increasing our footprint in new geographies, GDL will be able to consolidate its leadership position in the sector for both domestic and international trade.”  

Gateway Distriparks Limited has a network of nine inland container depots and container freight stations strategically located across the country, operating a fleet of 31 trainsets along with over 500 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. The company offers general & bonded warehousing, rail and road transportation, container handling services along with other value-added services.