Allcargo Terminals Limited — Important, 28-05-2025: Agreements

Allcargo Terminals has announced a board meeting to approve the financial results for the quarter and half-year. It signed a term sheet to lease 30 acres in Chennai from Venkatesh Coke and Power at an annual rent of Rs 9 Cr, escalating 15% every three years, with a six-month interest-free security deposit. This arm’s-length deal supports capacity expansion in container freight operations, positioning the company for growth in a key logistics hub.