Allcargo Terminals Limited — Important, 23-10-2024: General Updates

Allcargo Terminals Limited plans a strategic investment in Haryana Orbital Rail Corporation Limited (HORCL) to enhance its logistics capabilities. By acquiring a 7.6% stake for Rs. 115 crores, ATL aims to leverage the Haryana Orbital Rail Corridor to connect its Multi-Modal Logistics Park in Farukhnagar with the Dedicated Freight Corridor. This move is anticipated to significantly boost ATL’s operational efficiency, improve trade connectivity, and increase its market share in northern India’s EXIM trade from 7-8% to approximately 17-20%.