Allcargo Terminals Limited — Updates, 15-07-2025: Press Release
15-07-2025 | 06:10 pm
15-07-2025 | 06:10 pm
Allcargo Terminals (ATL) is raising Rs. 38.28 Cr. via a preferential issue of 1.32 crore fully convertible warrants to its Promoter Group. This capital infusion kicks off a three-year expansion plan, increasing ATL's annual capacity from 8.3 Lakh TEUs to over 13 Lakh TEUs. Funds will develop new Container Freight Stations (CFS) and Inland Container Depots (ICD) and upgrade existing facilities in key hubs like Mundra, Nhava Sheva, and Farukhnagar. This strategic move addresses high current capacity utilization (80-85%) and aims to consolidate ATL's leading market position, driving future growth. Board approved, subject to shareholder consent.
No comments yet. Be the first to comment!
