ATL's ₹38 Cr. Boost: Powering India's Logistics Future

Allcargo Terminals Ltd. (ATL) has announced plans to raise ₹38.28 crore through the issuance of 1.32 crore fully convertible warrants to its Promoters/Promoter Group, as part of its strategic three-year expansion roadmap. Each warrant is priced at ₹29 (₹2 face value + ₹27 premium), subject to necessary shareholder and regulatory approvals.

Currently operating at 80–85% capacity utilisation, ATL aims to scale its annual handling capacity from 8.3 lakh TEUs to 13 lakh TEUs. The company runs seven facilities across five major logistics hubs, handling close to 80% of India’s EXIM (export-import) trade.

The expansion plan includes setting up new container freight stations (CFS) and inland container depots (ICD), with a focus on Mundra, Nhava Sheva, and a greenfield ICD project in Farukhnagar. Additionally, the company will upgrade existing infrastructure to support growing demand.

This move aligns with ATL’s long-term strategy to strengthen its presence in key logistics corridors and cater to the rising needs of India’s expanding trade and logistics sector.

News by Rahul Yelligetti.