Logistics Gati

In the last one year, as envisaged by the Prime Minister, social sector ministries have also started using the Gati Shakti NMP in innovative ways

With a little imagination and application, the initiatives have the potential to become the key pillars of our Neighbourhood First Policy

Does new logistics policy make related-stocks a favourable bet?

Logistics stocks traded mixed on Monday after the govt announced National Logistics Policy. It aims to integrate and develop a technologically-enabled logistics ecosystem in India. Here's a report

The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan

Allcargo is in discussions to acquire Gati, that's 6 per cent owned by Goldman Sachs Group, at an equity valuation of about Rs 13 billion

Snowman Logistics rallied 16%, while Transport Corporation of India, ABC India, VRL Logistics, Sical Logistics and Allcargo Logistics were up in the range of 4% to 7% on the BSE

The board will meet on April 26, to consider and pass the enabling resolution for exploring the possibility of inducting a new financial/strategic partner to augment the future growth of the company.

Patel Integrated, VRL Logistics, Transport Corporation and Sical Logistics were up more than 2% each