TCS Express’ new sorting centre in Pune becomes operational; Stock ends higher

It will offer the company advantage in terms of operational efficiency, service reliability, higher utilization, and shorter turnaround time, along with business operations expansion.

Jun 09, 2021 04:06 IST India Infoline News Service

TCI Express Ltd. yesterday announced that its new sorting centre at Pune has become operational after receiving relevant regulatory approvals.

The 1.5 lakh sq. ft. Pune sorting centre, optimally located at Chakan, will be having 50 loading docks and will augment the Company’s service in the western region. This is a new milestone for the company and will offer a clear advantage in terms of operational efficiency, service reliability, higher utilization, and shorter turnaround time, along with business operations expansion.

As part of TCI Express’ commitment towards environment conservation, the new sorting centre will have a clear focus on energy efficiency. It has Light Saving Building Design with maximum utilization of natural light, a Solar Project construction is under process to meet energy requirements, Effluent and Sewage treatment plants are also being installed to minimize waste generation.

Total cost incurred for the Pune sorting centre, including purchase of land, is approx. Rs35-40cr. In the next phase, company will focus on integration of automation and technological upgradation, with additional investment of Rs20cr and anticipated to be completed in the later part of FY22.

The Gurgaon sorting centre is also near completion and under supervision of the senior management, the Company is planning to automate Gurgaon center on priority due to location proximity. This will also ensure implementing best global practices and utilizing the learnings for Pune sorting center automation.

“I am pleased to report that our new sorting centre at Pune has become operational. The 1.5 lakh sq. ft. sorting centre, in strategic terms, will strengthen our services in the Western India. It will also improve operational efficiency by ensuring faster and reliable service, and support our branch expansion plans for the region. In the next stage, our focus will be on complete automation and developing state of the art IT Infrastructure, which is expected to be completed in the later part of FY22. Operationalization of a high-performance sorting centre will strengthen our market position and will create new growth opportunities for business,” Chander Agarwal, Managing Director, said.

TCI Express Ltd trade on Wednesday ended at Rs1,557.80 per piece up by Rs53.2 or 3.54% from its previous closing of Rs1,504.60 per piece on the BSE.

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