Cement Logistics Company Inaugurates New Depot for Adani Cement in Binnaguri, West Bengal
The shares of the company have an ROE of 47 per cent and an ROCE of 28 per cent.
Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement players has announced the opening of its second depot for Adani Cement in Binnaguri, West Bengal. The new facility has started operations on 12th November 2024. The company will oversee rake operations, depot management, and secondary transportation, on behalf of Adani Cement.
The Binnaguri depot is expected to handle approximately 50,000 tons of cement annually. This depot also marks KLL's entry into the key state of West Bengal. This significant capacity handling underscores KLL's commitment to address the increasing demand for logistics services particularly in the cement industry. By opening this depot, KLL deepens its partnership with Adani Cement and reaffirms its commitment to optimizing logistics processes, reducing transportation costs, and improving service delivery for its clients. Through streamlined operations, KLL aims to enhance customer satisfaction, strengthen client relationships, and improve profitability.
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About Kaushalya Logistics Limited
Kaushalya Logistics Limited, formerly a construction company, transformed its business in 2010 to provide logistic support exclusively to the cement industry. Now a prominent player with a pan-India presence, it serves Dalmia Cement Bharat Limited across 70 locations and boasts a strong online marketplace presence. Beyond core logistics, the company has ventured into commercial real estate. With a robust financial performance, registering Rs 1,47,832.91 lakh in total revenue, Rs 1,951.73 lakh in EBITDA and Rs 910.29 lakh in net profit for FY24, Kaushalya Logistics aims to expand its service offerings and geographical footprint, positioning itself as a comprehensive logistics and C&F solutions provider.
The stock is up by 48 per cent from its 52-week low of Rs 78 per share. The shares of the company have an ROE of 47 per cent and an ROCE of 28 per cent. Investors should keep an eye on this cement logistics stock.
Disclaimer: The article is for informational purposes only and not investment advice.