Mahindra Logistics jumped 3% to Rs 563 after the company announced that it has partnered with Flipkart as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country.Flipkart committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. Mahindra Logistics will play a significant role in working with various OEMs and help Flipkart s sustainable transition to EVs.
Mahindra Logistics has already launched EDEL, its own electric delivery brand in late 2020. EDEL has partnered with companies in consumer & e-commerce to provide sustainable last-mile delivery across six cities in India. MLL through EDEL will enable Flipkart in its journey towards building a green supply chain by not only deploying a large fleet of EVs but also creating a conducive environment for EV deployment and operations across the country. Mahindra Logistics will play a significant role in
To accelerate deployment of EVs across its logistics fleet in IndiaFlipkart announced that it has partnered with Mahindra Logistics (MLL) as one of its key logistics partners to help fast track deployment of electric
vehicles across its logistics fleet in the country.
Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. Mahindra Logistics will play a significant role in working with various OEMs and help Flipkart s sustainable transition to EVs.
With a shared commitment and vision towards sustainable business practices, Mahindra Logistics has already launched
EDEL, its own electric delivery brand in late 2020. EDEL has partnered with companies in consumer & e-commerce to
Container Corporation of India (CONCOR) said that total throughput increased by 12.50% to 10,58,931 twenty-foot equivalent units (TEUs) in Q4 FY21 from 9,41,270 TEUs in Q4 FY20.
While the company s domestic throughput jumped 20.75% to 2,00,387 TEUs, export throughput improved by 10.73% to 8,58,544 TEUs in Q4 FY21 over Q4 FY20.
CONCOR s total throughput, however, declined by 2.79% to 36,43,330 TEUs in the period ended in March 2021 compared with 37,47,758 TEUs in the period ended in March 2020.
CONCOR is engaged in transportation of containers (rail and road), and handling of containers. The firm is also engaged in the operation of logistics facilities, including dry ports, container freight stations and private freight terminals.
Gateway Distriparks has received No objection from BSE and NSE for the draft scheme of amalgamation (merger by absorption) amongst the Company, Gateway East India and Gateway Rail Freight and their respective shareholders.
As next steps, the Company has filed the petitions before the NCLT, after processing the comments/observations on the Scheme received from SEBI / Stock Exchanges.
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Gateway Distriparks (GDL) had announced an amalgamation scheme between GDL and its subsidiaries Gateway Rail Freight and Gateway East India in September 2020.
Now, both NSE and BSE have conveyed their No-objection on 12 March, 2021 enabling the Company to go ahead with filing of the draft scheme with the National Company Law Tribunal (NCLT).
The Company, Gateway Rail Freight and Gateway East India have filed the Joint Company Application in relation to the Scheme with NCLT on 14 March, 2021 to begin the next step of the process.
The merged entity will have 4 rail-linked inland container depots for EXIM business, a domestic rail terminal in Navi Mumbai, 6 container freight stations spread across the country, and a combined fleet strength of 31 train sets and over 500 road trailers. In addition, the combined cash flows will enable the merged entity to accelerate debt reduction while at the same time allowing it to continue upon its expansion plans to build a wider network of rail