Mumbai, October 15 (Udaipur Kiran): Shares of Gateway Distriparks (GDL) jumped after the company announced the successful completion of its first double stack train service from the Multimodal Logistics Park (MMLP) Ankleshwar to the Inland Container Depot (ICD) Garhi. The stock was trading at Rs. 62.13, up by 1.60 points or 2.64% from its previous close of Rs. 60.53 on the BSE.
The scrip opened at Rs. 60.75 and recorded a high of Rs. 62.20 and a low of Rs. 60.57 during the session. Around 25,056 shares were traded on the counter. The BSE Group ‘B’ stock, with a face value of Rs. 10, has touched a 52-week high of Rs. 98.00 (25-Oct-2024) and a 52-week low of Rs. 51.56 (07-Apr-2025).
During the last week, the stock traded between Rs. 63.46 and Rs. 60.21. The company’s current market capitalisation stands at Rs. 3,096.29 crore. Promoters hold 32.32%, while institutional and non-institutional investors hold 43.72% and 23.96% respectively.
The inaugural double stack train, completed on October 15, 2025, transported a mix of EXIM and domestic containers. Operating under a hub-and-spoke model, the service connects JNPT to ICD Garhi via Ankleshwar, enhancing GDL’s integrated logistics network. This marks the company’s entry into domestic services from Ankleshwar to North India and strengthens its multimodal transport capabilities between key industrial hubs.
Looking ahead, EXIM operations from Ankleshwar are expected to begin at the start of the next financial year, coinciding with the Dedicated Freight Corridor (DFC) connectivity to Nhava Sheva. The linkage is expected to further boost double-stack operations, improving cargo efficiency and turnaround times.
Gateway Distriparks, formerly known as Gateway Rail Freight, provides intermodal logistics services and continues to expand its footprint in the integrated freight transportation sector.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.