Delhivery mulls expansion in Bangalore and Greater Mumbai; stock skids ~2%

22 Jun 2022 , 11:19 AM

Delhivery Limited, India’s largest and fastest-growing fully integrated logistics services provider, has announced ambitions to expand its infrastructure in Bhiwandi (Greater Mumbai) and Bangalore. 

Delhivery is building a 7-lakh sq. ft. mega-gateway in Greater Mumbai in collaboration with Welspun, and it is working with GMR to build a 1 million sq. ft. facility in Bangalore.

The Bangalore facility also has a warehouse to facilitate multi-channel orders of the company’s clients. By the time they are fully operational in 2023, these substantially integrated trucking terminals would have increased Delhivery’s processing capacity to fulfill the demand from the South and West.

Chief Operating Officer of Delhivery, Ajith Pai, commented on the development, “We have built a strong PAN-India network since its beginning, backed by top-notch infrastructure, automation, exclusive technology, and data capabilities. Through these ongoing expenditures, we will keep advancing speed, dependability, and cost-effectiveness for all of our clients in line with our goal.”

Delhivery is the largest and fastest-growing provider of fully integrated logistics services in India. The company offers a comprehensive range of logistics services including express package transportation, PTL freight, TL freight, cross-border, supply chain, and technology services through its nationwide network, which covers more than 18,000 pin codes.

Delhivery’s counter was trading at Rs503.20 per piece, down by 2.03% against its previous close of Rs513.65 on NSE. So far in the day, it touched intraday high and low of Rs517 and Rs498.10 respectively.