Delhivery surges 6% following Bhiwandi mega gateway launch with 196 docking stations

Shares of Delhivery surged over 6 percent on December 21, a day after the new-age logistics services provider operationalised its largest gateway in Bhiwandi, Maharashtra. Built over 1,200,000 sqft of land area, the Bhiwandi trucking terminal is one of India’s largest logistics facilities.

The terminal combines automated hub, sortation, returns, and freight operations with the capability to handle Delhivery’s parcel and part-truckload freight volume simultaneously, the company said in a statement.

At 2:36 pm, Delhivery shares were trading 6.19 percent higher at Rs 387.95 on the National Stock Exchange (NSE). The stock has rallied 16 percent so far this year, in line with the 16 percent rise seen in the benchmark Nifty 50.

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It is one of the biggest logistics hubs, housing warehouses of Amazon, Flipkart, and Samsung. The automated gateway has 196 docking stations and is designed to transact over 8,000 tonnes of freight, with 1,600 vehicles transiting through it daily, a vehicle every 54 seconds.

The mega facility is equipped to process over 32,000 shipments and 17,000 freight units per hour.

The expanded Bhiwandi gateway will enable Delhivery to increase capacity for Mumbai and the West Zone’s large and SME freight shippers while maintaining world-class service reliability and efficiency, said Sahil Barua, Managing Director & Chief Executive Officer, of Delhivery.

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The upgraded facility is well-placed to leverage the seamless connectivity to the capital via the New Delhi-Mumbai expressway. This is the company’s second mega-facility after its first facility in Tauru, Haryana, went live in 2021. A third mega-facility in Bangalore is also expected to become operational in 2024, the company said in its regulatory filing.

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