Welspun One Logistics Parks inks pact with Murugappa Group's EV arm to develop build-to-suit facility thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Welspun One Logistics Parks (WOLP) plans to invest over Rs 600 crore to develop a Grade-A, in-city warehousing facility in Thane near Mumbai. The facility will support urban last-mile delivery and is expected to be operational in the second half of 2025. WOLP aims to create a portfolio of 16-18 million sq ft over the next 4-5 years across tier 1 and 2 cities, with an overall investment of over Rs 8,000 crore.
The project has an outlay of Rs 600 crore and will be located in close proximity to the prime eastern suburbs of Thane and Mulund, as well as the eastern express highway.
Homegrown logistics and warehousing assets investor Welspun One has set the ball rolling for the first investment from its second vehicle, which has a target ..
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