Gateway Distriparks soars on signing exclusive container train operations agreement for MMLP
Gateway Distriparks is currently trading at Rs. 66.90, up by 1.04 points or 1.58% from its previous closing of Rs. 65.86 on the BSE.
The scrip opened at Rs. 65.83 and has touched a high and low of Rs. 67.14 and Rs. 65.32 respectively. So far 47470 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.90 on 08-Aug-2024 and a 52 week low of Rs. 51.56 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 69.65 and Rs. 64.02 respectively. The current market cap of the company is Rs. 3345.62 crore.
The promoters holding in the company stood at 32.32%, while Institutions and Non-Institutions held 45.19% and 22.49% respectively.
Gateway Distriparks (GDL) has signed a 15-year agreement to become the exclusive container train operator for the 120-acre Multi Modal Logistics Park (MMLP) at Ankleshwar, Gujarat developed by Sawariya Group of Industries (Sawariya).
Strategically located near Surat, MMLP Ankleshwar is equipped to handle domestic containers, EXIM containers, bulk cargo and to offer other multimodal services. It is planned to have an annual capacity of 200,000 TEUs and 850,000 sq. ft. of warehousing space, with capacity expansion to be undertaken in phases in line with business demand. The facility is capable of handling double stack trains and is connected directly to the Western Dedicated Freight Corridor.
The MMLP will serve key industrial zones including Surat, Panoli GIDC, Ankleshwar GIDC, Bharuch, Jhagadia GIDC, Dahej, Hazira among other prominent hubs in Gujarat. GDL will be providing rail services while terminal operations will be run by Sawariya, which has over two decades of experience in logistics, warehousing and industrial construction.
Domestic operations have commenced immediately, with GDL holding exclusivity for all regions where it operates its own Inland Container Depots, including Gurgaon, Faridabad, Ludhiana, Uttarakhand and Ahmedabad markets, along with first right of refusal for new markets. The company will also be the exclusive container train operator for all EXIM and DPD volumes. The ICD portion of the MMLP, which will cater to EXIM volumes, is currently under construction and is expected to start operations at the beginning of the next financial year. Both EXIM and Domestic customers for this location will now be able to use rail transportation instead of road - offering greater efficiency, lower carbon emissions, cost savings and faster transit.
Gateway Distriparks (formerly Gateway Rail Freight) is engaged in providing inter-modal logistics services.
