See Highest Growth From Contract Logistics, Says Allcargo Logistics

The logistics company has outlined a capex plan of Rs 700 crore to be utilised over the next three to five years.

An employee moves packages from a conveyor belt at warehouse in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg)

Mumbai-based Allcargo Logistics expects 20-25 percent growth from the contract logistics space.

Speaking to BloombergQuint, the company's ED and CEO Prakash Tulsiani said the engineering solutions industry is gaining traction post a period of underperformance.

The full service logistics company has outlined a capex plan of Rs 700 crore to be utilised over the next three to five years, Tulsiani said. "The amount will be used to develop multi-modal logistics park, technology as well as potential mergers and acquisitions," he added.

Moreover, he said the company's exit from the Mundra facility will be instrumental in aiding profitability. "We exited the space as it did not deliver the right RoCE or profitability," Tulsiani said.

Watch the interview

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
WRITTEN BY
H
Hormaz Fatakia
<p>Cricket Fanatic, Movie Buff, Extremely talkative, love retro music and n... more
GET REGULAR UPDATES