Vadodara, August 22: Indian Railways has successfully operated its first double-stack long-haul container train from Jawaharlal Nehru Port near Mumbai to the GCT terminal of CONCOR located in Varana, Vadodara division. The train covered a distance of approximately 422 kilometers while carrying 360 TEU containers. The train departed from JNPT at 7 PM on August … Read more
Mahindra Logistics has completed the purchase of 119,610 (5.06%) equity shares of Lords Freight (India) (Lords), Subsidiary company from its existing Shareholder, resulting an increase in the company’s stake in Lords from 68.69% (pre-acquisition) to 73.75% (post-acquisition). Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people … Read more
Allcargo Logistics is investing over Rs 1,000 crore to set up four logistics parks at key locations over the next two years, in bid to gain opportunities as the economy moves on at a faster clip. The company will utilize its land banks acquired in the past few years in anticipation of GST implementation as … Read more
Sical Logistics and Giri Vidhyuth have entered into a share subscription agreement on October 04, 2018. Under the Agreement, the company has agreed to issue and allot 65,71,928 equity shares of the company on a preferential allotment basis to Giri Vidhyuth, at a price of Rs 195 per equity share aggregating to 128.15 crore. The … Read more
“We are going to make Goa the logistics hub of the country. There are four coastal states on the Western coast- Maharashtra, Karnataka, Kerala and Goa. After Mumbai, the biggest airport that is going to come up is in Goa (in Mopa),” he said. The minister was addressing a gathering at the ‘Goa Start Up … Read more
9/2/2018 – Etobee, a logistics solutions provider based in Jakarta has completed the bridge round of its Series A funding round up to US$3.5 million. Etobee Holdings Group CEO Sven Milder confirmed the latest funding, but did not disclosed the name of participating investors and other details of the transaction. The Indonesian firm’s last publicly … Read more