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Allcargo Logistics Ltd.

BSE: 532749 Sector: Others
NSE: ALLCARGO ISIN Code: INE418H01029
BSE LIVE 15:40 | 02 Dec 171.10 -3.10
(-1.78%)
OPEN

174.00

HIGH

174.00

LOW

170.30

NSE LIVE 15:30 | 02 Dec 171.10 -2.75
(-1.58%)
OPEN

173.00

HIGH

173.00

LOW

170.05

OPEN 174.00
PREVIOUS CLOSE 174.20
VOLUME 5148
52-Week high 221.60
52-Week low 135.00
P/E 16.84
Mkt Cap.(Rs cr) 4313.43
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 174.00
CLOSE 174.20
VOLUME 5148
52-Week high 221.60
52-Week low 135.00
P/E 16.84
Mkt Cap.(Rs cr) 4313.43
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Allcargo Logistics Ltd. (ALLCARGO) - Company History

Allcargo Global Logistics Ltd is the leading LCL (Less than Container Load) consolidator in India offering direct outbound and inbound LCL groupage services to and from major cargo destinations worldwide. Their present operations are in seven key areas of the logistics business. They are Multi-modal Transport Operations, Container Freight Stations, Project and ODC Cargo Handling, Airfreight, Transport Logistics, Equipment Hiring and Oil Rig & Supply Vessels Management. The company was incorporated on August 18, 1993 as a private limited company in the name Allcargo Movers (India) Pvt Ltd. The company commenced their operations as a shipping agency and also provided freight forwarding services. In the year 1995, they formed association with Ecu Line NV, Belgium to serve as their agents in Mumbai and New Delhi. From June 1998, they became a Multimodal Transport Operator by obtaining the licence from the Ministry of Shipping, Government of India. In the year 2001, the company made strategic investments in Ecu Line Mauritius and Ecu Line Middle East (Dubai). They acquired 50% stake in ACM Lines (Pty) Ltd in the year 2002. In the year 2003, they entered into a JV with Transworld Logistics & Shipping Services Inc. In the year 2003, they commissioned Container Freight Stations at Koproli in Maharashtra. In the next year, they commissioned the second phasse and in the year 2005, they commissioned the third phase. On December 8, 2005 the company name was changed into Allcargo Global Logistics Pvt Ltd. They company became a public limited company in the year 2006. In January 2007, the company acquired Hindustan Cargo Ltd from Thomas Cook India Ltd and thus they became the subsidiary of the company. On April 24, 2007 the company commenced their commercial operations in the Container Freight Stations at Chennai in Tamil Nadu and Mudra in Gujarat. The company acquired the Project and Equipment Division of Transindia Freight Services Pvt Ltd on May 2008. The company has entered into a joint venture agreement with Container Corporation of India Limited (CONCOR), for setting up of Container Freight Station (CFS) and Inland Container Depot (ICD) at Dadri, Greater Noida in Uttar Pradesh for catering the container traffic of North India.

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