Gateway Distriparks shines on completing purchase of land in Jaipur
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Gateway Distriparks is currently trading at Rs. 74.00, up by 3.05 points or 4.30% from its previous closing of Rs. 70.95 on the BSE.
The scrip opened at Rs. 72.50 and has touched a high and low of Rs. 76.50 and Rs. 72.50 respectively. So far 145994 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 86.90 on 05-Apr-2022 and a 52 week low of Rs. 64.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 76.50 and Rs. 69.20 respectively. The current market cap of the company is Rs. 3772.31 crore.
The promoters holding in the company stood at 32.12%, while Institutions and Non-Institutions held 54.30% and 13.57% respectively.
Gateway Distriparks (GDL) 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 5th ICD besides five Container Freight Stations taking the total to 10 container terminals on a pan India basis. The company has already spent Rs 27 crore for the land acquisition and will spend another Rs 50 crore towards the cost of development of the ICD in the initial phase.
The ICD will be spread over 30 acres, having two rail sidings and a designed annual capacity to handle over 125,000 TEUs and is located near Dhanakya railway station. This section is already a double stack route, currently under electrification. The company will also be constructing an integrated warehousing complex and offer first & last mile road delivery for providing end to end multimodal services to the industrial areas of the Jaipur market, including Jaipur, Bindayaka, Dausa, Kolana, Sitapura, Hirawala. The target market includes various segments such as artefacts, luxury textiles, ready-made garments, gems and jewellery, hand-knotted rugs, rubber-based prosthetics, food and beverages, agricultural products like guar gum, tobacco, minerals, automobiles, bicycles, machinery and machine tools among other goods.
Gateway Distriparks is India’s largest private sector container train operator.
