All­cargo to get into last-mile de­liv­ery

Maritime Gateway - - News -

With the GST boost, All­cargo Lo­gis­tics is plan­ning an ag­gres­sive do­mes­tic play by en­ter­ing the last-mile de­liv­ery space and has set a tar­get of tre­bling its do­mes­tic rev­enue at `1,500 crore from the seg­ment by 2020. The com­pany will in­vest around `1,000 crore to dou­ble its exim ware­hous­ing/ CFS sta­tions and lo­gis­tics park ca­pac­ity to 10 mil­lion sqft by 2020.

The com­pany will fo­cus on the boom­ing e-com­merce space un­der the do­mes­tic fo­cus where it al­ready works with all key players as a B2B player, but not into last mile de­liv­ery. In fis­cal 2017, All­cargo re­ported net profit of

`230.4 crore on a rev­enue of `5,568 crore and a debt of `300 crore.

All­cargo is build­ing its largest MMLP at Jha­j­jar in Haryana on a 180 acre land which will be ready by next March. The com­pany ex­pects the fi­nal cus­toms clear­ance for its 20 acre CFS in Kolkata any­time now and com­mis­sion it by mid-au­gust. All­cargo has also ac­quired land for exim ware­houses/ CFS in Bengaluru (100 acre), Hyderabad (a 40-acre CFS will be ready soon), Chennai (54 acre) and Nag­pur (60 acre) into which it will pump in around `1,000 crore.

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