Latest News - Page 50

Allcargo Logistics demerges its global arm into Allcargo Global, consolidating domestic operations under one entity.

The collaboration will modernise the port's facilities, enabling it to accommodate larger vessels.

Poonawalla Group’s investment in Macron Group will accelerate technology-led growth in India’s logistics sector.

The growth was driven by a surge in container volumes which is a substantial 24% YoY.

The company plans to use funds to develop infrastructure, cover lease payments, sort centers and for marketing.

The shipbuilding industry is allocated 20% of this capital. India aims to rank in the top five worldwide by 2047.

The company’s EBITDA increased 15.6% to ₹252 crore (₹2520 million), compared to ₹218 crore (₹2580 million) last year.

The collaboration seeks to drive greener, more efficient coastal logistics and accelerate India’s maritime transformation.

New routes and added frequencies to Asia, Europe and the Middle East strengthen Abu Dhabi’s role as a key logistics hub.

The new BOXBAY Empty Superstack will boost efficiency, safety, and sustainability, setting benchmarks for smart port operations.

EBITDA saw a 29% jump to ₹85 crore from ₹66 crore in the corresponding quarter of the previous fiscal.

A series of MoU was also signed for major port infrastructure upgrade in Odisha.