Gateway Distriparks Limited - Strong recovery in throughput and realization, Q1 YoY Profit after tax up 280% equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Snowman Logistics partners with Dr. Reddy s for Sputnik vax in India
By IANS |
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Snowman Logistics partners with Dr. Reddy s for Sputnik vax in India. Image Source: IANS News
New Delhi, June 3 : Snowman Logistics, Indias leading integrated temperature-controlled logistics service provider, in a strategic partnership with the Hyderabad-based Dr. Reddys, will provide temperature-controlled end-to-end logistics solutions for the delivery of the two-dose Sputnik Covid-19 vaccine across the country.
Snowman will manage the delivery through five of its high-capacity temperature-controlled warehouses in Mumbai, Delhi-NCR, Kolkata, Chennai, and Bengaluru.
The company will offer storage, order processing, shipper packing and secondary transportation from these locations.
Shares Gateway Distriparks Limited (GDL) hit a fresh 52-week high of Rs 258.85 after rallying 12 per cent on the BSE in intra-day trade on Tuesday. The stock has now surged 51 per cent in the past six trading days, after the company reported four-fold jump in consolidated net profit at Rs 46.60 crore in the March quarter (Q4FY21). The company, an integrated inter-modal logistics service provider, had posted profit of Rs 11.69 crore during the quarter of previous fiscal.
The company s total income grew 16 per cent to Rs 353 crore from Rs 304 crore in the corresponding quarter of previous fiscal. The company’s rail container business recorded highest ever monthly throughput of 26,426 twenty-foot equivalent units (TEUs) in March ’21. Earnings before interest, taxes, depreciation, and amortization (Ebitda) margins expanded 490 basis points (bps) to 27.8 per cent.
Gateway Distriparks Group Merger & Amalgamation Process On Track equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
GatewayRail Flags off Dedicated Round-trip Export Train for Amul from Ahmedabad
Posted On: 2021-03-01 04:43:45 (Time Zone: Arizona, USA)
Gateway Rail Freight Ltd. (GatewayRail), a subsidiary of Gateway Distriparks Limited, flagged off its first dedicated round-trip export Service between ICD Viramgam and Nhava Sheva Port for India s dairy giant, Amul - Gujarat Cooperative Milk Marketing Federation (GCMMF).
The exporters in the Ahmedabad region have been facing a lot of difficulty due to the ongoing crisis of shortage of shipping line containers. To address this issue, Gateway Rail Freight Limited decided to provide dedicated round trip services between ICD Viramgam and various ports which brings in empty containers in to the Ahmedabad region in the inward direction, and carries export laden containers to various ports in the outward direction.