Page 3 - Allcargo Logistics

Allcargo Logistics Q4 consolidated net profit jumps to Rs 247 crore

The company had posted a net profit of Rs 53.71 crore for the year-ago period, Allcargo Logistics said in a filing to BSE

Allcargo Logistics net profit soars multi-fold to Rs 354 crore in Q3

Allcargo Logistics reported a multi-fold jump in consolidated net profit to Rs 354.16 in the October-December quarter compared to Rs 22 crore in the same quarter last year.

Allcargo Logistics appoints V S Parthasarathy as vice-chairman

His role as the company's non-executive non-independent vice-chairman will be to guide, mentor and help drive its transformation along with subsidiaries ECU Worldwide and Gati Limited

Stocks to Watch: Data Patterns, Tega, LTFH, GMR Infr, Allcargo, Ajanta Phar

Data Patterns is likely to witness a bumper listing, with Grey Market Premium (GMP) indicating a likely 45-50 per cent premium to its issue price.

Allcargo Logistics freezes at 20% upper limit, at new high on robust Q2 nos

The company said the industry went through pain with low rates over several years and has now turned around post consolidation and do not see freight rates going back to earlier levels in near future.

India's Allcargo Logistics eyes potential stake sale in ECU Worldwide

The firm is looking to raise funds and has appointed Jefferies Financial to evaluate options

Allcargo picks up 65% stake in Swedish logistics major Nordicon for $29 mn

The promoters of the Nordicon Group will own the balance 35 per cent and will continue to lead the company as a joint venture

Allcargo Logistics arm forms JV with Swedish firm to expand in Europe

Acquires 65% stake in JV to become market leader in Nordic region, continue its focus on offering multi-modal digital logistics services

Allcargo brings in Parthasarathy, Martin Mueller as independent directors

Allcargo Logistics on Wednesday announced appointment of V S Parthasarathy and a Swiss national, Martin Mueller as independent directors on its board. Parthasarathy was till recently Group CFO and CIO of Mahindra & Mahindra while Mueller is a former partner at global consulting giant McKinsey. Mueller and Parthasarathy have also joined the board of Allcargo's wholly-owned subsidiary ECU Worldwide, the company said in a statement. ECU Worldwide is a Belgian multinational, operating Allcargo Group's global operations with presence in over 160 markets and is the world's largest less-than-cargo load (LCL) consolidator. "With Partha and Martin joining our Board... I expect this intellectual and diversified combination of cross-functional leadership and professional expertise will help us immensely as Allcargo prepares to move forward in its journey of excellence leading to meet our vision for the future, said Shashi Kiran Shetty, Founder and Chairman, Allcargo Logistics. Parthasarathy

Gati-KWE to set up 150,000 sq ft surface transhipment centre in Delhi

The facility has been conceptualised to achieve economy of scale and provide unparalleled customer service

Allcargo Logistics moves 76-mtr long super-sized cargo for L&T Hydrocarbon

Firm says this is one of the largest over-dimensional cargo movements in India

Allcargo Logistics profit after tax dips 13% to Rs 58 cr in Sept quarter

The logistics firm had clocked a PAT of Rs 66.84 crore for the corresponding quarter of the previous financial year, it said in a BSE filing

Ministry of education appoints Shashi Kiran Shetty as chairman of NITIE

Shetty's tenure with NITIE will start from 7th November 2020 for a period of four years

Adarsh Hegde takes over as MD of Allcargo Logistics firm Gati-KWE

Hegde will continue to be joint managing director of Allcargo Logistics

Allcargo shares shed nearly 4% as delisting floor price disappoints

The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday

Allcargo Logistics zooms 20%, hits 52-week high as Board to mull delisting

The Board will meet on August 27 to consider the delisting proposal

Allcargo expects to be debt-free with Blackstone deal closure by Dec

The partnership will help Allcargo's growing third-party logistics business into which it had invested around Rs 1,000 crore

Allcargo Logistics gets Sebi nod for open offer to buy 26% in Gati

Multi-modal logistics firm initiates final phase of stake buy in Gati

Allcargo boosts single-largest investor status in Gati, ups stake to 20.8%

Share purchase from Gati promoters marks end of second phase of deal

Allcargo acquires nearly 13% stake in Gati in first of three-phased buyout

The Avvashya Group company is now well on track to complete the process to acquire 44.5 percent stake in Gati, the total deal size of which is Rs 416 crore