Gateway Distriparks - Well On Track
Gateway In Talks With Foreign Firms For Gurgaon Container Hub
Port-based logistics company Gateway Distriparks is in talks with leading foreign shipping companies to set up a mega rail container hub at Garhi Harsaru near Gurgaon. The company will invest over Rs 200 crore in its existing inland container depot (ICD) facility at Garhi Harsaru to develop it into a mega rail-linked container depot.
Gateway Distriparks is a multi-location port-related container freight station (CFS)-cum-logistics company operating CFS at Jawaharlal Nehru Port Trust (JNPT), Chennai, Vizag along with Garhi Harsaru (ICD). "The idea is to form a joint venture with foreign shipping lines to handle export and import cargo at the proposed facility which will also handle domestic cargo," sources said. The proposed facility will be spread over 100 acres. The current ICD is operating in 18 acres. "The company will be heavily investing in rail wagon to set up this rail-linked container depot," the sources said. Prem Kishan Gupta, deputy chairman and managing director of Gateway Distriparks, refused to comment on the issue.
Gateway Distriparks has acquired 100 per cent shareholding in a subsidiary company, which is being renamed Gateway Rail Freight Pvt Ltd (GRFPL). Through GRFPL, Gateway Distriparks has acquired over 50 acres of land in Faridabad district, Haryana. "The idea is to develop a second rail-linked inland container depot (ICD),which will be on the electric railway route connecting Jawaharlal Nehru Port Trust (JNPT) to north India," said company officials.
Gateway flagged off its first container train carrying export boxes to Mundra Port. This was followed by six trains and the company is planning to increase the frequency of the services for both imports and exports from and to JNPT and other gateway ports.
Port-based logistics company Gateway Distriparks is in talks with leading foreign shipping companies to set up a mega rail container hub at Garhi Harsaru near Gurgaon. The company will invest over Rs 200 crore in its existing inland container depot (ICD) facility at Garhi Harsaru to develop it into a mega rail-linked container depot.
Gateway Distriparks is a multi-location port-related container freight station (CFS)-cum-logistics company operating CFS at Jawaharlal Nehru Port Trust (JNPT), Chennai, Vizag along with Garhi Harsaru (ICD). "The idea is to form a joint venture with foreign shipping lines to handle export and import cargo at the proposed facility which will also handle domestic cargo," sources said. The proposed facility will be spread over 100 acres. The current ICD is operating in 18 acres. "The company will be heavily investing in rail wagon to set up this rail-linked container depot," the sources said. Prem Kishan Gupta, deputy chairman and managing director of Gateway Distriparks, refused to comment on the issue.
Gateway Distriparks has acquired 100 per cent shareholding in a subsidiary company, which is being renamed Gateway Rail Freight Pvt Ltd (GRFPL). Through GRFPL, Gateway Distriparks has acquired over 50 acres of land in Faridabad district, Haryana. "The idea is to develop a second rail-linked inland container depot (ICD),which will be on the electric railway route connecting Jawaharlal Nehru Port Trust (JNPT) to north India," said company officials.
Gateway flagged off its first container train carrying export boxes to Mundra Port. This was followed by six trains and the company is planning to increase the frequency of the services for both imports and exports from and to JNPT and other gateway ports.
posted by Raj @ 11:02 AM
3 comments
3 Comments:
I hold Gateway Distriparks too and am also excited about it's prospects. Good to read this post :)
Yes its a uopcoming sector but competition is an area of concern
The company is positioned in a sector that will be witnessing approx 15% growth rate year on year for the next 5 years according to published reports available on internet. It is a capital intensive business and only the most efficient will survive in the end. Although competition is heating up I believe GDL will be able to survive in the end. It has margins in the range of 40 - 50% compared to Concor which is in the range of 20%. I believe it a very good long term play. Even if GDL continues to grow its profit by 20% annually over the next 5 years the stock will double in that time frame. Not a bad return for a long term investor.
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