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J Ramachandran joins the Board of Allcargo Logistics

24-Apr-2013

Mumbai, April 24th, 2013: Allcargo Logistics, a leading multinational integrated logistics company today announced that Prof. J. Ramachandran has joined the Board of Directors in the company.

A professor of strategy and international business at IIM-B, Prof. Ramachandran is deeply involved in the study of growth and governance challenges of business groups, multinational corporations and creative firms. Honored as the first Bain Fellow in India, he has received various prestigious accolades from The Academy of Management, USA, European Foundation for Management Development [EFMD], Association of Indian Management Schools [AIMS], Tata Steel-IIMB Award for best case study in CSR and many more.

A qualified Chartered and Cost Accountant, and a Fellow of the IIM-A, Ramachandran have been a visiting Professor at INSEAD, University of Pennsylvania and the University of Minnesota, USA. Currently, he is the Chairman of Redington (India) Limited and Aditya Auto Products and a member of the Board of Reliance Communications, Sasken Communication Technologies and few others. Prof. Ramachandran will help streamline the processes at Allcargo through research-driven practices. His understanding of international operational standards is expected to benefit the multinational dealings of the company. To promote better corporate governance practices within the organization, he will create a framework to ensure effective participation of different stakeholders and improvise voluntary compliance.

Mr. Hari Mundra, a graduate in Economics and a faculty member of IIM-A, had joined Allcargo Board in May 2012. His career started from Hindustan Unilever Ltd., where he grew from a Management Trainee to the youngest Vice-President. Mr. Mundra has recently served RPG Group as the Chief Financial Officer of the Group as well as the President and Chief Executive of the Rs. 500 crore Carbon Black Business. At Allcargo, he will be focusing on the ideation of organic and inorganic strategies and mentoring the financial management team towards cost management and projects.

Allcargo Logistics has made sustained efforts on building an exhaustive and dynamic Board that has brought diverse experiences to the table. Independent Non-Executive Director Mr. Kaiwan D. Kalyaniwalla, a Partner of the law firm Maneksha & Sethna, advises the company in its growth, M&A, fundraising, Governance etc. and on critical legal implications. Mr. Kalyaniwalla is also on the board of Raheja Universal, Forbes & Company and few others, while Mr. Mohinder Pal Bansal, who is a known management consultant with extraordinary skills in corporate restructuring, tax planning & governance and has played a pivotal role in Allcargo's acquisition of Belgium-based ECU Line. Mr. Keki Elavia is also going to help management with his expertise in risk management, audit and compliance, he is on Allcargo board since January 2006 and helping other boards like Godrej and Boyce and Dai-Ichi Karkaria and similar others.

Exultant over their appointment to the office, Mr. Shashi Kiran Shetty, Executive Chairman, Allcargo said, "I am fully confident of our diverse, intellectual and professionally experienced leadership board. Prof. Ramachandran's in-depth knowledge on the strategic behavior of firms and his association with several institutions of repute will improve our international exposure and Mr. Mundra's past experience with top Business Houses will lead the company through strategic developments. I welcome Prof. Ramachandran on board and looking forward to collectively take the company to the next level of corporate governance and stakeholder welfare with the help of their credentials."

About Allcargo Logistics

Allcargo Logistics Ltd., part of The Avvashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Stations, Inland Container Depots and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operational excellence across all the services and facilities have enabled Allcargo Logistics to emerge as the market leader in all these segments.

The company currently operates out of 189 own offices in 89 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the The National Stock Exchange of India (NSE: ALLCARGO) and The Bombay Stock Exchange (BSE: 532749).

With a consolidated turnover of Rs. 4325 crore and PAT of Rs. 284 crore as on 31st March 2012, Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years.

For more information, please contact:

Neeraj Sharma
Allcargo Logistics Ltd
Tel: 96190 52645

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First cargo handling by Allcargo and Hansa Heavy Lift
22-Apr-2013
- Allcargo Logistics & HANSA HEAVY LIFT jointly shift their first cargo for a petrochemical major
Mumbai, April 22nd, 2013: Allcargo Logistics Limited, a leading multinational integrated logistics services provider along with HANSA HEAVY LIFT, a world market leader in the heavy lift business from Germany proudly announce completion of their first shipment for a petrochemical major in India.

The over-dimensional Oxidation Reactor weighing 518 tonnes was loaded safely at Japan and arrived at Mumbai Port four days earlier than the agreed date. The safe discharge of the reactor on the barge was completed in 45 minutes on 16th April, 2013.

Mr. Ajay Rao, President – Business Development, Allcargo Logistics Ltd. commented on the occasion, "We were entrusted with this mission critical cargo because of our proven expertise and track record in handling complex, time-bound and over-dimensional cargo.”

Allcargo Logistics Limited had recently tied up with Germany's HANSA HEAVY LIFT, a world market leader in the heavy lift business specialized in Super Heavy Lift, Heavy Lift and Project Cargo, as their exclusive agent in India. "It is always a challenge for each heavy lift shipping company to ship cargoes like this one. Our modern fleet as well as our highly qualified team stands for the quality and reliability of HANSA HEAVY LIFT. Our company has shown with this shipment that once again we provide an excellent service”, explains Mr. Tomas Dyrbye, CEO HANSA HEAVY LIFT.”

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of The Avvashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

The company currently operates out of 189 own offices in 89 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: 532749) and The National Stock Exchange of India (NSE: ALLCARGO).

With a consolidated turnover of Rs. 4325 crore, profit after tax of Rs. 284 crores as of 31st March 2012 Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years. www.allcargologistics.com

About Hansa Heavy Lift

HANSA HEAVY LIFT GmbH is specialized on Super Heavy Lift, Heavy Lift and Project Cargo. The company is a world market leader in the heavy lift business and is operating a modern fleet of 21 vessels with an average age of 3 years. The Team is committed to quality, reliability and a customer focused service. Customers' cargoes are handled with the highest degree of safety and professionalism worldwide. HANSA HEAVY LIFT is wholly owned by Oaktree. Oaktree is an international, long-term investor providing financial resources and operational capabilities to support companies in achieving growth and long-term value. It has more than $80 billion of assets under management

For more information, please contact:

Neeraj Sharma
Allcargo Logistics Ltd
Tel: 96190 52645
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CII Conference on Coastal Shipping
17-Apr-2013
- Allcargo Logtistics partners with CII for seminar on Coastal Shipping
Mumbai, April 17th, 2013: Recognizing the growing need of Coastal Shipping in the Indian sub-continent, Confederation of Indian Industry (CII) and integrated multinational logistics company Allcargo Logistics Ltd jointly addressed a conference on ‘Coastal Shipping – An environment friendly alternative’. Renowned Speakers from JNPT, IIM-A, Gujarat Maritime Board, IL&FS (Maritime) etc. participated in the daylong conference. Mr. Umesh Shetty, Executive Director, and Captain Ashok Shrivastava, Chief Executive Officer, of Allcargo Logistics Ltd represented the company management.

This conference brought together various stakeholders like terminal operators, ship owners, port authorities, and truckers etc. to discuss the viability and cost efficiency of Coastal Shipping for its various stakeholders. This was followed by a session on integration of costal shipping with other multi-modes of transport.

Speaking at the conference, Captain Ashok Shrivastava - Chief Executive Officer, Allcargo Shipping said: “India is blessed with long navigable coastline but only 7% of local freight is moved using coastal shipping. Coastal shipping unquestionably offers significant advantages over road or rail transport in terms of cost and fuel efficiency and hence we collectively urge various stake holders to initiate the desired reforms for promoting coastal shipping in the country.”

About Allcargo Logistics

Allcargo Logistics Ltd., part of The Avashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Stations, Inland Container Depots and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operational excellence across all the services and facilities have enabled Allcargo Logistics to emerge as the market leader in all these segments.

The company currently operates out of 189 own offices in 89 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the The National Stock Exchange of India (NSE: ALLCARGO) and The Bombay Stock Exchange (BSE: 532749).

With a consolidated turnover of Rs. 4325 croreand PAT of Rs. 284 crore as on 31st March 2012, Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years.

For more information, please contact:

Neeraj Sharma
Allcargo Logistics Ltd
Tel: 96190 52645
Top
Allcargo Premier League
14-Apr-2013
- Fun and frolic at Allcargo Premier League
Chennai, April 14th, 2013 : It was a day of all play and no work for the clients of Allcargo Logistics as they sweated it out at the cricket field for Allcargo Premier League's winner trophy. Team L&T Port won against Team Techpro. The event was held at VGP Golden Beach Resort, Injambakkam.

The event was conceptualized by Project Engineering & Equipment vertical as part of Allcargo's 'Client Connect' initiative. Participants were also encouraged to bring their families along to be a part of the outing. A day full of adrenaline rush ended with entertainment, dinner and a lot of socializing.

Allcargo Logistics is an integrated logistics solution provider and operates a Container Freight Station at Chennai. The facility, spread across 25 acres, was commenced in 2007 and has total capacity of 84,000 TEU. Allcargo is amongst the top two CFS operators at Chennai port.

Commenting on the occasion, Mr. Umesh Shetty – Director, Allcargo Logistics Ltd said, "At Allcargo, we believe in maintaining a healthy work-life balance and customer bonding and intend to promote the same philosophy to our valuable clients as well. Overall, it was an evening of enjoyment, entertainment and enthusiasm."

About Allcargo Logistics

Allcargo Logistics Ltd., part of The Avashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Stations, Inland Container Depots and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operational excellence across all the services and facilities have enabled Allcargo Logistics to emerge as the market leader in all these segments.

The company currently operates out of 189 own offices in 89 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the The National Stock Exchange of India (NSE: ALLCARGO) and The Bombay Stock Exchange (BSE: 532749).

With a consolidated turnover of Rs. 4325 croreand PAT of Rs. 284 crore as on 31st March 2012, Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years.

For more information, please contact:

Neeraj Sharma
Allcargo Logistics Ltd
Tel: 96190 52645
Top
Reliance Sasan Ultra Mega Power Project
26-Mar-2013
- Allcargo relocates critical De-Aerator of 141.076 feet from Haldia to Reliance Sasan Ultra Mega Power Project
Mumbai, March 26th, 2013 : Allcargo Logistics Limited is proud to announce the successful relocation of a critical De-aerator for its client Reliance Power to its Sasan 6 x 660 MW Ultra Mega Power Project (UMPP). The critical aspects of the cargo were the dimensions of the De-aerator 43.00 x 4.10 x 4.30 m / 147 MT / 141.076 feet and the complexity of the route from Haldia to Sasan in Madhya Pradesh. 14 Inline Commetto axles along with 9 m Spacer with 2 x 520 HP Volvo Pullers were used for the activity. The specialist team of Allcargo Project headed by Mr. Suhas Labde, Vice President and Mr. Melwin Lobo, General Manager – Operations, aced at executing the most critical turnings and overhangs of the cargo at the Ahraura Ghat, which was concurred in three hours. The two were responsible for guiding, meticulous planning and undertaking all safety precautions towards the smooth completion of the same.

Commenting on the significance of the project and performance of the movement team, Mr. Armin D.Kalyaniwalla, CEO-Projects Division at Allcargo Logisitics said, “Reliance Power has been one of our most prestigious clients and we are extremely proud to have delivered value at yet another testing time. En route Haldia, the de-aerator was faced with challenging turning points like Hanuman Mandir, leading to overhang of as much as 13 meters at a single point. These impediments were overcome by our intelligent team on the basis of our state-of-the-art equipment and their strategic planning and expertise in handling such vital consignments.”

Allcargo has so far handled 7 out of 9 power projects of the Reliance Group and bagged contracts for transportation of heavy machineries, customs clearance and port handling of its power plant machineries over the last six years.

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of The Avvashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

The company currently operates out of 189 own offices in 89 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: 532749) and The National Stock Exchange of India (NSE: ALLCARGO).

With a consolidated turnover of Rs. 4325 crore, profit after tax of Rs. 284 crore as of 31st March 2012. Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years.

For more information, please contact:
Neeraj Sharma
Allcargo Logistics Ltd
Tel: 96190 52645
Top

Allcargo Logistics Ltd. announced its un-audited financial results for the quarter ended June 30, 20

07-Aug-2012

EARNINGS RELEASE

TOTAL REVENUES AT RS 980 CRORE – YOY INCREASE OF 13%

EBIDTA AT RS 118 CRORE – YOY INCREASE OF 5%

PAT AT RS 56 CRORE

MTO OPERATIONS – REVENUE AT RS 722 CRORE – YOY INCREASE OF 14%

CFS/ ICD OPERATIONS – REVENUE AT RS. 83 CRORE – YOY INCREASE OF 24%

PROJECT & ENGINEERING SOLUTIONS – REVENUE AT RS 111 CRORE – YOY INCREASE OF 28%

August 07, 2012, Mumbai: Allcargo Logistics Ltd. today announced its un-audited financial results for the quarter ended June 30, 2012.

The performance highlights are:

Consolidated Results – Q1 FY13

Total revenue of Rs. 979.9 crore for the quarter ended June 30, 2012, as against Rs. 863.8 crore for the corresponding previous period, an increase of 13%
EBIDTA of Rs. 118.2 crore for the quarter ended June 30, 2012, as against Rs. 112.3 crore for the corresponding previous period, an increase of 5% The profit after tax was Rs. 55.6 crore for the quarter ended June 30, 2012, as against Rs. 66.4 crore for the corresponding previous period, a decrease of 16%, mainly on account of increase in depreciation & interest
EPS for the quarter ended June 30, 2012 was Rs 4.27, for a face value of Rs. 2 per share
Business Performance:
Allcargo operates primarily in three segments, viz., Multimodal Transport Operations, Container Freight Stations Operations and Project & Engineering Solutions. These are consolidated business segments.

Container Freight Stations (CFS)/ Inland Container Depot (ICD) Operations:

·         This segment operations are involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services to both, importers and exporters
·         The CFS facilities are located near JNPT, Mundra, and Chennai ports. Allcargo is amongst the top two CFS operators at JNPT and Chennai (except captive CFSs) and among the top five at Mundra
·         The total capacity of the CFSs at the end of June 30, 2012 is 3,41,000 TEUs per annum
·         The ICDs are located at Dadri and Pithampur (Indore) and have a total capacity of 88,000 TEUs per annum
This business segment clocked total volumes of 69,548 TEUs for the quarter ended June 30, 2012, as against 63,550 TEU for the corresponding previous period, an increase of 9%. Above 85% of the total volumes were imports
·         The total revenue for the quarter ended June 30, 2012 was Rs 83 crore as against Rs 67 crore for the corresponding previous period, an increase of 24%.
EBIT was Rs. 32 crore for the quarter ended June 30, 2012, as against Rs. 33 crore for the corresponding previous period

Multimodal Transport Operations (MTO):

· MTO segment involves NVOCC (Non Vessel Owning Common Carrier) operations related to LCL (Less than container load) consolidation and FCL (Full container load) forwarding activities in India and across the world through its wholly owned subsidiary ECU Line

· Allcargo is amongst the leading players in the global LCL consolidation market with a strong network across 62 countries and 142 own offices covering over 4,000 port pairs across the world

· The business clocked total volumes of 72,449 TEUs for the quarter ended June 30, 2012 as against 70,228 TEUs for the corresponding previous period, an increase of 3%

· The total revenue for the quarter ended June 30, 2012 was Rs 722 crore as against Rs 633 crore for the corresponding previous period, an increase of 14%

EBIT was Rs. 39 crore for the quarter ended June 30, 2012, as against Rs. 34 crore for the corresponding previous period, an increase of 14%Project & Engineering Solutions (P&E):
Project & Engineering Solutions segment provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned / rented special equipment like hydraulic axles, cranes, barges, reach-stackers and ships to carry ODC / OWC cargos as well as project engineering solutions across various sectors
The total revenue for the quarter ended June 30, 2012, was Rs. 111 crore as against Rs. 86 crore for the corresponding previous period, an increase of 28%EBIT was Rs. 25 crore for the quarter ended June 30, 2012, as against Rs. 20 crore for the corresponding previous period, an increase of 25%
Business Updates/ Achievements/ New developments during the quarter Q1FY13:
CFS:
Allcargo is in the process of adding capacity of 1,00,000 TEUs at bigger site near JNPT, close to the existing facility. This new CFS should be operational by end of Q2 FY13
MTO:
Was awarded the “LCL Consolidator of the year award” at the South East CEO Conclave And Awards 2012

Shareholding Pattern:

Particulars	No of shares	% holding
Promoters	91,134,025	69.8%
Foreign Investors – FIIs, GDRs, NRIs and others	3,19,63,735	24.5%
Domestic institutions/ Banks/ Mutual Funds	42,54,258	3.3%
Indian Public	31,95,304	2.4%
Total - 6,752 shareholders	13,05,47,322	100.0%

Conference Call Details:

Conference Name: Allcargo Logistics Q1 FY13 Earnings Conference Call

Date: Wednesday, August 8^th, 2012

Time: 2.00 pm IST

Dial-in Numbers:

From India: +91 22 6629 0389 / +91 22 3065 0178

International Toll-free number

USA 1-866-746 2133

UK 08-081-011 573

Singapore 800-101 2045

Hong Kong 800-964 448

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of the Avashya Group, is a leading multinational company providing integrated logistics solutions. The Company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

The company currently operates out of 142 own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: 532749) and The National Stock Exchange of India (NSE: ALLCARGO).

With a consolidated turnover of Rs. 4,325 crore and profit after tax of Rs. 285 crore (for the financial year ended March 31, 2012), Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years, thereby attracting quality investors like The Blackstone Group - one of world's leading private equity firms which acquired over 14% stake in the Company.

About the Avashya Group

The Avashya Group has been defined as a corporate that transforms every business it ventures into and brings joy to all its stakeholders. This has been expressed in the tag line "Transformations that Delight". As the organization expands & diversifies into varied industries, they are committed to delivering "Transformation that Delight" in every activity that is embarked upon. This is encapsulated in the logo - The Prism - a device that transforms white light into delightful hues - all equally vibrant yet unique.

Caution Concerning Forward-Looking Statements: This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. Allcargo Logistics Limited is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT:

Savli Mangle, Vice President – IR

Allcargo Logistics Ltd

Email:savli.mangle@allcargologistics.com

Sanjita Ghosh, Asst Manager – IR

Allcargo Logistics Ltd

Email:sanjita.ghosh@allcargologistics.com

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Allcargo attracts strong professionals- announces the joining of key people to manage strategic func

24-Jul-2012

Mumbai, 23 July 2012, Allcargo Logistics Ltd today announced the appointment of four key professionals for strategic functions in the company. These include Mr. Clement Michael Fernandes as Director Human Resources for the Group, Mr. Ajay Rao as President Strategy and Business Development, Ms. Sangeeta Sundaram as Vice President, Marketing and Corporate Communications and Ms. Savli Mangle as Vice President, Investor Relations.

Mr. Shashi Kiran Shetty speaking on the addition of new people at senior levels said “Allcargo has grown at a tremendous pace in the last 3 years and with our strong global presence and further growth ambitions we need people who will bring a global outlook, strong expertise and best practices into the organization. We have appointed people from diverse industries, each one of them brings a unique set of expertise which complements our existing management team well. I am very happy to welcome these set of professionals into the organization and am sure their experience will be very valuable for us during this growth phase.”

As Director- Human Resources (Group), Michael is responsible for all Human Resources and Administrative initiatives, Processes and Systems for the Group including all subsidiary companies and Joint Venture operations. He will report to the Chairman Mr. Shashi Kiran Shetty and to the Board.

Michael has over three decades of experience in Indian and multinational automobile, engineering and infrastructure development companies leading the Human Resources function. He started his career with Mahindra and Mahindra Limited, a large diversified business group, and was associated with them for over 16 years. Michael was Vice President at Blue Star Limited, and prior to that as Vice President at ITD Cementation India Ltd (formerly known as Skanska Cementation India Limited – part of Skanska AB, Sweden) and with Ingersoll- Rand India Ltd. In his most recent assignment before Allcargo Logistics, Michael was working as Vice President Human Resources with Dresser- Rand India Private Limited, India subsidiary of US based multinational. Michael is a Commerce Graduate and has done Bachelors of Law and Masters in Labour Studies from Mumbai University. He is an Associate Member of the Institute of Company Secretaries of India.

As President- Business Development, Ajay would be responsible for growing the warehousing business globally for Allcargo and a specific focus of growing the 3PL business in India. He is also responsible for expanding Allcargo's footprint globally across other lines of business, he reports to the Chairman Mr. Shashi Kiran Shetty and to the Board.

Prior to joining Allcargo Ajay was with Writer Corporation for 9 years where he was initially CEO for their ATM and Cash management business and was then the CEO for their flagship Relocation business which has 19 offices across 8 countries. Prior to his stint with Writer Corporation, Ajay was based in the US and worked for 4 years with American Management Systems a US based management consulting company as a principal within their risk

management business for the banking and telecom vertical. Ajay has done his Bachelors in Business Administration from the College of William and Mary in Virginia.

As Vice President, Marketing and Corporate Communications, Sangeeta Sundaram is responsible for building a strong visibility for the organization and a cohesive marketing strategy. She will be part of the CMO office and report to Executive Director, Mr. Adarsh Hegde.

Sangeeta has over 15 years of experience across various aspects of Marketing. Prior to joining Allcargo, she was the Marketing and Communications Leader at Capgemini, for all their India operations. Working there for 8 years, she was largely responsible for helping build their brand image in India. She has also worked with Gallup Organization and ORG- MARG (now part of AC Nielsen) in the past. She has an MBA from Goa Institute of Management.

As Vice President, Investor Relations and Finance - Projects, Savli Mangle is responsible for building strong equity among the investor base and also manage the finance function for the Project Logistics business. She reports to Mr. Suryanarayanan, Director Finance.

Savli has over 15 years of experience across Investor Relations, Corporate communications and Retail. Prior to joining Allcargo she was with Reliance Capital as VP Investor Relations for 5 years. And she has worked with Suzlon and GTL in the past. She has an MBA from Jamna Lal Bajaj.

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of the Avashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Ingenious way of approaching the business, client centric logistics solutions, benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

The company currently operates out of 142 own offices in 62 countries and is supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange and The National Stock Exchange of India. With a consolidated turnover of Rs. 4325 crore, profit after tax of Rs. 284 crores as of 31st March 2012 Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years.

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Allcargo announces addition of Mr. Hari.L.Mundra to its Board of Directors

04-Jul-2012

Mumbai, 4th July 2012; Allcargo Logistics Ltd today announced the addition of Mr. Hari. L. Mundra as independent and non-executive director of the Company to its Board of Directors with effective from 30th May 2012. With this the total number of board members at Allcargo stands at 10.

Speaking on this new addition Mr. Shashi Kiran Shetty said “I am honoured to have Mr. Hari Mundra join our board of directors. A very seasoned professional, widely respected and deeply experienced business leader, he brings to our board and management team new insights and perspectives to our business. With his strong background in strategy and operations, finance and projects, M&As, he adds diversity to the outstanding talents and wide ranging experience that we already have on board. I am confident that all our stakeholders will benefit from his presence, and I look forward to working closely with the entire board and management team as we pursue the exciting opportunities in front of us.”

Mr. Hari L. Mundra has an Honours Degree in B.A. (Economics) from Bombay University and a Post-Graduate Management Diploma from the Indian Institute of Management, Ahmedabad (1971). Mr. Mundra worked with Hindustan Lever Ltd. for about 24 years in two countries viz. India and Indonesia and three businesses (Personal products, detergents and Exports) in various positions both in Financial and General Management areas. In 1990, Mr. Mundra was appointed to the Managing Committee of Hindustan Lever as the youngest Vice President (Commercial). Later, he took charge of Lever’s Exports Division as Vice President/Executive Director as part of the Lever Board/Managing Committee.

After his long career in Hindustan Lever, in 1995, Mr. Mundra joined the RPG Group as Member of the Group Management Board in the dual capacity of the Group Chief Financial Officer as well as President and Chief Executive of Carbon Black business. In January 2002, Mr. Mundra joined Wockhardt Group as Executive Vice Chairman of Wockhardt Ltd taking charge of its domestic pharma business. In Sept 2003, Mr. Mundra joined the Essar Group as Deputy Managing Director and Director – Finance of Essar Oil Ltd and was responsible for the Company’s resurrection and financial revival.

After leading the turn-around of Essar Oil, Mr Mundra decided to serve the social cause and joined, in Jan 2008, the National Managing Committee of Indian Cancer Society, a non-profit NGO, as its Joint Managing Trustee and Honorary Treasurer and has brought about its turn-around while helping in its crusade against cancer for the under-privileged.

As from January 2009, he is also a Visiting Professor at IIM, Ahmedabad in the Finance faculty for the MBA students. Since May 2009, he has also been acting as the Global Financial Advisor to the Chairman in the Wockhardt Group, contributing to its dramatic revival and growth.

Mr. Mundra is the Chairman of Future Focus Infotech Pvt. Ltd. and serves as Independent Director and Chairman of Audit Committee on the Boards of Ceat Ltd and Tata AutoComp Systems Ltd.

With Mr. Hari L. Mundra’s addition the Allcargo Board of Directors is a strong team of people with diverse backgrounds and includes Mr. Shashi Kiran Shetty, Mrs. Arathi Shetty, Mr. Adarsh Hegde, Mr. Umesh Shetty, Mr. Kaiwan Kalyaniwalla, Mr. Keki Elavia, Mr. Satish Gupta, Mr.Akhilesh Gupta and Mr. Mohinder Pal Bansal.

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of the Avashya Group, is a leading multinational company providing integrated logistics solutions. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Ingenious way of approaching the business, client centric logistics solutions, benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

The company currently operates out of 142 own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange and The National Stock Exchange of India. With a consolidated turnover of Rs. 4325 crore, profit after tax of Rs. 284 crores as of 31st March 2012 Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years.

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Allcargo Logistics Ltd. announced its audited financial results for the year ended March 31, 2012.

31-May-2012

EARNINGS RELEASE

TOTAL REVENUES AT RS 4,325 CRORE – YOY* INCREASE OF 20%

EBIDTA AT RS 574 CRORE – YOY* INCREASE OF 54%

EBIDTA MARGIN INCREASED TO 13% - 294 BPS IMPROVEMENT

PAT AT RS 285 CRORE – YOY* INCREASE OF 37%

MTO OPERATIONS – EBDITA AT RS RS 219 CRORE – YOY* INCREASE OF 55%

PROJECT & ENGINEERING SOLUTIONS – EBIDTA AT RS 181 CRORE – YOY* INCREASE OF 55%

CFS/ ICD OPERATIONS - EBIDTA AT RS 174 CRORE – YOY* INCREASE OF 42%

EARNINGS PER SHARE OF 21.79 - UP 36%

(* - Annualized)

May 30, 2012, Mumbai: Allcargo Logistics Ltd. today announced its audited financial results for the year ended March 31, 2012.

The Company has changed its accounting year from calendar to fiscal year. As a result, these audited financial results are for a 15 month period from January to March 2012.

The performance highlights are:

Consolidated Results – 15M FY12

· Total revenue of Rs. 4,324.5 crore for the 15 months ended March 31, 2012, as against Rs. 2,889.9 crore for the 12 months ended December 31, 2010, an annualized increase of 20%

· EBIDTA of Rs. 573.5 crore for the 15 months ended March 31, 2012, as against Rs. 298.3 crore for the 12 months ended December 31, 2010, an annualized increase of 54%

· The EBIDTA margin improved by 294 bps YoY to 13%

· The profit after tax was Rs. 284.5 crore for the 15 months ended March 31, 2012, as against Rs. 165.9 crore for the 12 months ended December 31, 2010, an annualized increase of 37%

· EPS of 21.79 for the 15 months ended March 31, 2012, as against 12.85 for the 12 months ended December 31, 2010, an annualized increase of 36%

Business Performance:

Allcargo operates primarily in three segments, viz., Multimodal Transport Operations (MTO), Container Freight Stations Operations and Project & Engineering Solutions. These are standalone business segments.

Container Freight Stations (CFS)/ Inland Container Depot (ICD) Operations:

· This segment operations are involved in import / export cargo stuffing, de-stuffing, customs clearance and other related ancillary services to both, importers and exporters

· The CFS facilities are located near JNPT, Mundra, and Chennai ports. Allcargo is amongst the top two CFS operators at JNPT and Chennai (except captive CFSs) and among the top 5 at Mundra

· The total capacity of the CFSs at the end of March 31, 2012 is 3,41,000 TEUs per annum

· The ICDs are located at Dadri and Pithampur (Indore) and have a total capacity of 88,000 TEUs per annum

· This business segment clocked total volumes of 3,03,266 TEUs for 15 months ended March 31, 2012 as against 2,26,797 TEUs for the calendar year ended December 31, 2010, an annualized increase of 7%. Above 80% of the total volumes were imports

· The total revenue for 15 months ended March 31, 2012 was Rs 356 crore as against Rs 201 crore for the calendar year ended December 31, 2010, an annualized increase of 42%

· EBIDTA was Rs. 174 crore for 15 months ended March 31, 2012 as against Rs 98 crore for the calendar year ended December 31, 2010, an annualized increase of 42%

· The business achieved an EBIT of Rs. 165 crore revenue for 15 months ended March 31, against Rs 91 crore for the calendar year ended December 31, 2010, an annualized increase of 45%

· New developments and achievements:

o Allcargo is in the process of adding capacity of 1,00,000 TEUs at bigger site near JNPT, close to the existing facility. This new CFS should be operational by end of Q2 FY13

o Received “CFS Operator of the Year” award at the Samudra Manthan Awards 2011 in the category of “Ports, Infrastructure, CFS & ICD

o Attained ISO-9001-2008 and OHSAS 18001 – 2007 certification for all 3 CFSs (JNPT, Chennai and Mundra) – A first in India

Multimodal Transport Operations (MTO):

· Allcargo is amongst the leading players in the global LCL consolidation market with a strong network across 62 countries and 142 own offices covering over 4,000 port pairs across the world

· The business clocked total volumes of 87,63,006 CBMs for 15 months ended March 31, 2012 as against 61,80,209 CBMs for the calendar year ended December 31, 2010, an annualized increase of 13%, despite slowdown in global trade

· The total revenue for 15 months ended March 31, 2012 was Rs 3,283 crore as against Rs 2,286 crore for the calendar year ended December 31, 2010, an annualized increase of 15%

· EBIDTA was Rs. 219 crore for 15 months ended March 31, 2012 as against Rs 113 crore for the calendar year ended December 31, 2010, an annualized increase of 55%

· The EBIDTA margin increased by 172 bps to 7%

· The business achieved an EBIT of Rs. 186 crore revenue for 15 months ended March 31, against Rs 101 crore for the calendar year ended December 31, 2010, an annualized increase of 47%

· New developments and achievements:

o Globally, ECU Line expanded its operations to create scale, with opening new offices in Asia; signing on new franchisees across Europe and Africa

o ECU Line has expanded its scope of services by adding more profitable and niche trade lanes internationally

o Was awarded the title of “LCL Consolidator of Year 2011” at South East CEO Conclave

o Shantha Martin, CEO – NVOCC was awarded “Leading women CEO of Year 2011 – First Runner up”

o Shantha Martin, CEO – NVOCC was awarded “Bhartiya Vikas Ratan” for 2011

Project & Engineering Solutions (P&E):

· Project & Engineering Solutions segment provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned / rented special equipment like hydraulic axles, cranes, barges, reach-stackers to carry ODC / OWC cargos as well as project engineering solutions across various sectors

· At the end of March 31, 2012, the business had a fleet size of 933 equipments, an increase of 35%

· The total revenue for 15 months ended March 31, 2012 was Rs 452 crore as against Rs 291 crore for the calendar year ended December 31, 2010, an annualized increase of 24%

· EBIDTA was Rs. 181 crore for 15 months ended March 31, 2012 as against Rs 93 crore for the calendar year ended December 31, 2010, an annualized increase of 55%

· The EBIDTA margin increased by 800 bps to 40%

· The business achieved an EBIT of Rs. 104 crore for 15 months ended March 31, against Rs 64 crore for the calendar year ended December 31, 2010, an annualized increase of 37%

· New developments and achievements:

o The P&E division added 12 new projects during 15M FY12, despite slowdown in capex cycle in most sectors

o Of these, 8 are already in the process of execution

o The contracts awarded are in the sectors of infrastructure, power, cement and oil & gas sectors, most of these from existing customers

o Allcargo to handle the entire logistics chain from shipping cargo to delivery on site, providing complete end to end solutions, making it a ‘preferred partner of choice’ for its ability to offer integrated logistics services

Shareholding Pattern:

Particulars	No of shares	% holding
Promoters	91,134,025	69.8%
Foreign Investors – FIIs, GDRs, NRIs and others	31,988,808	24.5%
Domestic institutions/ Banks/ Mutual Funds	994,124	0.8%
Indian Public	6,375,975	4.9%
Total - 6,736 shareholders	130,492,932	100.0%

About Allcargo Logistics Limited

About the Avashya Group

The Avashya Group has been defined as a corporate that transforms every business it ventures into and brings joy to all its stakeholders. This has been expressed in the tag line "Transformation that Delight". As the organization expands & diversifies into varied industries, they are committed to delivering "Transformation that Delight" in every activity that is embarked upon. This is encapsulated in the logo - The Prism - a device that transforms white light into delightful hues - all equally vibrant yet unique.

FOR FURTHER INFORMATION PLEASE CONTACT:

Savli Mangle, Vice President - IR

Allcargo Logistics Ltd

Tel No: +91 22 6679 8100

Email:savli.mangle@allcargologistics.com

Sanjita Ghosh, Asst Manager – IR

Allcargo Logistics Ltd

Tel No: +91 22 6679 8100

Email:sanjita.ghosh@allcargologistics.com

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ALLCARGO PROJECTS TEAM CROSSES A MAJOR MILESTONE. SUCCESSFULLY TRANSPORTS GENERATOR STATOR UNIT I WE

25-May-2012

May 25, 2012: Allcargo Logistics Limited won the contract from Reliance Infrastructure Limited to handle and transport 76 Units of Super Over Dimension Cargo (SODC), from Haldia port (near Kolkata) and Nhave Sheva port to the Sasan site, where Reliance Power is setting up a power plant.

Reliance Power Limited, India's leading Power Utility is setting up the Country's first Ultra Mega Power Project (UMPP) at Sasan in the state of Madhya Pradesh. The project consists of 6 Units, each capable of generating 660 MW (Mega Watts), translating to 3,960 Million Units of Power.

The execution of this project included transporting individual cargo, including reactors weighing 70 tons, 152 tons de-Aerators, upto 230 tons transformers and 345 tons generator stators.

25 SODCs had to be transported by barges on the Ganges River up to Zamania (in the state of Uttar Pradesh) located 1,200 km away. And from Zamania by road to the site which was another 350 Km. The other SODCs, including the de-Aerators (each weighing 152 tons and 42 meters in length) had to be transported from Haldia Port by road. All these had to be transported across places where there were no proper roads or jetty at the riverside. En route, the team built causeways and bypasses through rivers, crossed a multitude of railway lines, blasted hill sides to take turns with our long trailers, and moved for over 100 Kms in terrorist infested areas.

But the biggest challenge was the crossing the Son River, which was in spate for the first time in 32 years, due to an overflow of water at a dam located nearby. The project team needed to build a bypass that was strong enough to carry a 345 ton generator stator. They liaisoned with and pursued the local authorities to reduce the waterflow from the dam, so as to build the bypass. It took 1.4 million sandbags with the help of 300+ laborers, dozers, levelers and 4 months to complete this.

The first Generator Stator Unit crossed the Son river bypass successfully on May 23, 2012. And the balance two have been successfully taken across the river the next day.

Commenting on this, Mr. Shashi Kiran Shetty, Chairman & Managing Director, Allcargo Logistics Limited said, “The project team has done a wonderful job in building this bypass and transporting heavy equipment across the raging river. Congratulations to the team for carrying out such a challenging task successfully”.

With extreme precautionary steps and strategic and systematic planning undertaken by Allcargo, the logistics movement of the generator stator and other equipment are being successfully delivered in an efficient and effective manner.

Allcargo has handled 7 of the 9 Power Projects of Reliance Group in the last 6 years, and is proud to be a lead innovative partner in India's infrastructure and power growth story.

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of the Avashya Group, is a leading multinational Company providing integrated logistics solutions. The Company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

The Company currently operates out of 142 own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange and The National Stock Exchange of India.

With a consolidated turnover of Rs. 3,396 crore, profit after tax of Rs. 233 crore and networth of Rs, 1,466 crore (as on December 31, 2011), Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years, thereby attracting quality investors like The Blackstone Group - one of world's leading private equity firms which holds over 14% stake in the Company.

About the Avashya Group

The Avashya Group has been defined as a corporate that transforms every business it ventures into and brings joy to all its stakeholders. This has been expressed in the tag line "Transformation that Delight". As the organization expands & diversifies into varied industries, they are committed to delivering "Transformation that Delight" in every activity that is embarked upon. This is encapsulated in the logo - The Prism - a device that transforms white light into delightful hues - all equally vibrant yet unique.

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KRIS DE WITTE APPOINTED AS MANAGING DIRECTOR OF ECU HOLD NV

21-May-2012

KRIS DE WITTE APPOINTED AS MANAGING DIRECTOR OF ECU HOLD NV MARC STOFFLEN TO CONTINUE AS CEO, ECU INTERNATIONAL

May 21, 2012, Mumbai: Allcargo Logistics Ltd. today announced the appointment of Mr. Kris De Witte as the new Managing Director of ECU Hold NV, its wholly owned subsidiary.

Kris De Witte will be responsible for the strategic growth of the ECU Line and evaluating new business opportunities and markets.

Mr. Marc Stoffelen will continue to remain CEO of ECU International being fully responsible for the LCL business of the Avashya Group under the ECU Line Brand. He will report to Kris De Witte who is responsible to the Allcargo Board, being the holding Company. Kris will collaborate with the Board and the Chairman for the strategic vision of the group to be driven outside India for an aggressive growth in the coming years.

Commenting on this, Mr Shashi Kiran Shetty, Chairman, Allcargo Logistics Limited, said, “Together, as co-CEO’s, Marc Stoffelen and Kris De Witte have been running ECU Line during the last 5 years. Initially they had a geographical divide which was later changed to a functional divide. I believe their teamwork and joint leadership has worked well for our Company. ECU has made great strides in these 5 years to become a successful and well respected. We have made these changes in line with the Avashya Group’s vision and goals. I wish Kris all the best wishes as he is going to take a very challenging role. I also wish Marc the very best who will now have a far greater responsibility.”

Kris has been in the logistics business for nearly 30 years and with ECU Line since 1999. He obtained a bachelor’s degree in shipping and logistics at a Belgian university. Until recently as CEO, he has been involved in all aspects of ECU Line’s expansion over the years and his rich experience has added value to the Company.

Marc has 28 years of experience in the shipping, logistics and NVOCC businesses. He has been with the ECU Group since the last 19 years and is a Director at ECU Hold NV.

About Allcargo Logistics Limited

Allcargo Logistics Ltd., part of the Avashya Group, is a leading multinational Company providing integrated logistics solutions. The Company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments.

The Company currently operates out of 142 own offices in 62 countries and gets supported by an even larger network of franchisee offices across the world. Allcargo Logistics Ltd. is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange and The National Stock Exchange of India.

With a consolidated turnover of Rs. 3,396 crore, profit after tax of Rs. 233 crore and networth of Rs, 1,466 crore (as on December 31, 2011), Allcargo Logistics Ltd. has demonstrated superior performance and significant growth prospects in the past years, thereby attracting quality investors like The Blackstone Group - one of world's leading private equity firms which holds over 14% stake in the Company.

About the Avashya Group

The Avashya Group has been defined as a corporate that transforms every business it ventures into and brings joy to all its stakeholders. This has been expressed in the tag line "Transformation that Delight". As the organization expands & diversifies into varied industries, they are committed to delivering "Transformation that Delight" in every activity that is embarked upon. This is encapsulated in the logo - The Prism - a device that transforms white light into delightful hues - all equally vibrant yet unique.

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Allcargo Global Logistics Limited Unveils New Logo and Branding

06-Sep-2011

Allcargo Global Logistics Limited today proudly introduces a new logo and branding initiative. The company has undergone two key developments - The first is a minor modification in the name from Allcargo Global Logistics Limited to Allcargo Logistics Limited, the adoption of a new logo and brand identity and the second is the formation of a Parent Company called Avashya Group.

The company currently operates out of 140 own offices in 60 countries and gets supported by an even larger network of franchisee offices across the world. With this increasingly global identity, it has become necessary for the company to build a monolithic brand name across all markets. Allcargo has embarked on this ambitious journey of consolidating its brand through its specially crafted new logo and rebranding and repositioning exercise.

The creation of the new Allcargo logo is an endeavour to express the philosophy of inventiveness and imagination which the company has brought to the business of logistics. These qualities are summed up in the new tag line adopted by the company: Ingenuity in Motion. The infinity of ingenuity and motion has been integrated in the new logo of Allcargo through the symbol.

The new parent company, Avashya Group will consolidate all group companies: Allcargo, India's leading Logistics Company, and ECU Line, Belgium, Hindustan Cargo Limited, Allcargo Shipping, MHTC and Conserve Infratech Pvt ltd. under one brand name.

The company began its journey as an LCL specialist, however with time it grew to become one of India's leading provider of 360 degrees logistics services offering Project Logistics, Equipment Solutions, Third Party Logistics (3PL) & Warehousing, Ship Chartering and Container Freight Stations. Realizing that through the years of aggressive growth and expansion, Allcargo has outgrown its current mission and brand identity, the company decided to develop a new brand name and identity that more accurately reflects the brand attributes the company now embraces.

Commenting on the occasion, Mr. Shashi Kiran Shetty, Chairman & Managing Director, Allcargo Logistics Limited, said, "Every corporation also has two options to express two essential truths about itself through its logo. One is the nature of its business and, two the nature of its thinking. With our business undergoing a transformation in size, scale and stature we have chosen to express the Unchanging Truth about our corporation - Our Thinking. In future, as we expand and diversify our interests, Avashya will be committed to delivering Transformations that Delight for every new activity it embarks upon."

It is the company's belief that over the years, Allcargo has not only transformed the business of logistics but also has had a transformational effect on its clients' businesses. Therefore, the company has defined Avashya as a Corporation that transforms every business it ventures into and brings joy to its shareholders, employees and customers. The tagline chosen for Avashya Group reiterates this fact: Transformations that Delight. The symbol chosen for Avashya Group is a prism, an enduring symbol of transformations that delight – an object that takes white light and transforms it magically into a delightful rainbow of colours.

"We've always took pride in ourselves being hands-on in each one of our business segments. Allcargo's new brand positioning tells our existing and future customers, that we will continue to offer versatile and superior quality services to them with a renewed focus backed by a strong commitment to create value for all our stakeholders. We want them to know that we're moving forward with both these commitments at the forefront and are poised to reliably serve our customers' every need today and into the future; because we will continue to put them first" Mr. Shashi Kiran Shetty added.

The company has succeeded in building a financially healthy business with an attractive growth curve while always enhancing value to its shareholders. Allcargo's focused efforts coupled with uniquely positioned business strategy, has helped the company to deliver desired results. The re-branding exercise encompasses the company's increasing appetite and renewed focus on growth and expansion of its businesses across sectors.

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Allcargo Global Logistics Limited attains first OHSAS certification
Mumbai 13-Jul-2011
- Reiterates commitment towards sustainability and best quality service offerings
Reaffirming Allcargo Global Logistics Limited's commitment to world-class quality and excellence, Allcargo proudly announces being awarded 18001:2007 certification for its Container Freight Stations both inbound and outbound. This prestigious certification has been registered by renowned BM Trada certification.

The OHSAS 18001:2007 standard is the most widely recognized 'Occupation Health and Safety Assessment Series' globally. OHSAS 18001 has structured management systems approach that enables organizations to identify hazards, assess and prioritize risks, and implement appropriate protective and preventive control measures to reduce the potential for occupational injuries, illnesses and fatalities.

Commenting on the achievement, Mr. Shashi Kiran Shetty, Chairman & Manging Director, Allcargo Global Logistics Limited said, "It has been our constant endeavour to offer best quality service to our clients and the way that we conduct our business including the importance we give to our employees' health, safety and well-being are integral to the company's core values and sustainability initiatives. With the award of OHSAS 18001: 2007 certification, it has been reinforced by independent experts that Allcargo operates in compliance with the best international occupational health and safety management practices. We shall strive maintain and further enhance our management systems to ensure sustained efforts towards elimination and minimization of risk to employees and other stakeholders."

In a competitive marketplace, customers are looking for unique value propositions that would demonstrate a company's professionalism, efficiently and ability to provide high quality and reliable service without excessive downtime caused by work-related accidents and incidents.

This certification will enhance Allcargo's customer satisfaction by facilitating various benefits like protection of the customer property while safeguarding the health of staff, reducing operating costs and by improving risk management through clear identification of potential incidents and implementation of controls and measures. The certificate of OHSAS 18001: 2007 is an important milestone that makes Allcargo one of the very few Indian companies to qualify and bid for international projects.

Organizations that implement OHSAS 18001 have a clear management structure with defined authority and responsibility, clear objectives for improvement, with measurable results and a structured approach to risk assessment. This includes the monitoring of health and safety management failures, auditing of performance and review of policies and objectives.
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Q1 Results - Allcargo Global Logistics Limited

25-May-2011

Allcargo Global Logistics Ltd., has declared 25% and 47% year-on-year growth in consolidated revenue and consolidated net income after minority interests to Rs. 739.6 Cr and Rs. 49.9 Cr respectively for the first quarter ended 31st March, 2011.

Commenting on the Q1 results of Allcargo Global Logistics Ltd., Mr. Shashi Kiran Shetty, Chairman & Managing Director – Allcargo Global Logistics Limited said, "We are pleased to report that all our operating businesses and investments have made a great start to the year. Our strong performance has been driven by a rapidly growing Indian economy, surging exports and imports, renewed focus and plans made by the government for boosting infrastructure in the country and the sustained growth of our global NVOCC business. Our ability to grow revenue while continuing to control costs allowed us to deliver another quarter of year-over-year margin expansion. We are confident that our consistent efforts, specialized business model coupled with our strong business strategy would continue to provide us the momentum to deliver exceptional results."

"We're very upbeat by what we were able to accomplish in Q1. Our results provide further evidence of the robustness of the group's business and the logistics industry. As we grow and expand our business further, we will continue to make investments that we believe would enable the Company to improve profitability and increase long-term shareholder value." Said Mr. S. Suryanarayan, Group CFO, Allcargo Global Logistics Ltd.

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Allcargo embarks on an expansion drive of its Container Freight Station
14-Mar-2011
- To upgrade Mundra CFS by setting up a 2nd warehouse of 6,085 sq mtrs
- Plans to double its export handling capacity to 4,000 TEUs
Mumbai, August 6th, 2010: Responding to the growing market demand, Allcargo Global Logistics Ltd, is all set to upgrade its Mundra CFS by doubling its export loaded volume. The CFS currently has the capacity of a single warehouse of 6,125 sq mtrs with 19,125 sq mtrs of paved yard. With the commissioning of the 2nd warehouse of 6,085 sq mtrs, the export handling capacity would go up to 4,000 TEUs per month.

This will increase the total handling capacity to 7,700 TEUs per month. At present the total handling capacity that includes export, import and empty handling capacity is 4,100 TEUs per month.

Speaking on the occasion Mr. Adarsh Hegde, Executive Director, Allcargo Global Logistics Ltd, mentioned "The expansion is an absolute necessity! The existing CFS is running optimally. In the last couple of years, we have observed a consistent growth in our customers' overall business, resulting in an increased demand for more storage space, logistics solutions and value-added services. Also diverse clients such as retail, fast moving consumer goods, automotive, pharmaceutical and frozen foods have specialized needs. This expansion is designed to cater to such diverse needs".

The facility has been built on a land measuring 28,375 sq mtrs, with a paved yard of 23,800 sq mtrs. The 6,085 sq mtrs warehouse is equipped with 24 X 7 CCTV surveillance and has the capacity to handle 2,000 TEUs of exports and 1,600 TEUs of imports per month. Allcargo Global Logistics, Mundra, has its own fleet of 12 trailers, 5 Fork Lifts of 3 MT capacity, 2 Fork Lifts of 10 MT Capacity for handling 20' empties, 2 Reach Stackers of 45 MT Capacity each and a 12 MT Hydra Crane. The facility is pilferage free with regulated entry of visitors at the gate, guarding personnel and adequate fire fighting equipments. Regular mock drills for health & safety are conducted.

"The CFS expansion project is initiated as part of the Group's business plan, which sets the framework for extending Allcargo's global presence while integrating and diversifying its range of services", mentioned Mr. Adarsh Hegde.

"In order to remain competitive, Allcargo global logistics will also continue to upgrade its warehouse management system, and implement process automations such as bar coding and scanning in the new enlarged facility. This will enable us to continue to serve the present and future logistics needs of our customers, and keep the company at the forefront of the logistics industry" added Mr. Hegde.

Cargos being handled here include: Bagged Cargo such as - Rice, Groundnuts, Sesame seeds etc; Heavy Machinery (Open Top, Flat Rack) Scrap, Stones (Crated and Blocks) Wooden Logs, Cotton Bales (Fire Sensitive Cargo).

At present Allcargo has three CFSs operational in Mumbai, Chennai & Mundra and one ICD facility at Indore. As one of the largest operators, Allcargo provides comprehensive multimodal transport solutions, under a single umbrella.
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Allcargo Global Logistics Limited continues on its expansion
14-Mar-2011
- Acquires two Hong Kong based companies engaged in Non Vessel Owning Common Carrier (NVOCC) business in China and other parts of eastern region.
Mumbai, 25th Oct 2010: Allcargo Global Logistics Limited, a Mumbai based logistics service provider involved in Multimodal Transport Operations (MTO), owning and operating Containers Freight Station (CFS) and handling of project cargo, today announced an acquisition and controlling stake in Hong Kong based companies engaged in NVOCC business. The acquisition valued at approx USD 22 million has been undertaken in furtherance to the expansion plan of the Company of its Non Vessel Owning Common Carrier (NVOCC) business, through its step down wholly owned subsidiary.

To further expand into the project cargo movement business, Allcargo Global has acquired two vessels with a dead weight of approximately 6,500 tons through its wholly owned subsidiary company.

Speaking on the acquisition, Mr. Shashi Kiran Shetty, Chairman and Managing Director, Allcargo Global Logistics Ltd. said, "This acquisition will further expand Allcargo's growth organically, strengthening the company's operating profit by adding approximately USD 3.53 million on an annual basis. The company will save substantial cost on ship chartering and hiring thus supporting planning and execution of project cargo movements in an efficient and effective manner. This further helps to capitalize on opportunities in the Indian sub-continent including coastal movement."

He further added, "These companies are agents of ECU line within the global network. China is a leading international EXIM economy and large cargo volume generator. Through this acquisition we will further consolidate our position in the global LCL market. The two companies employ 350 people. The group has its regional head quarters in Hong kong and has ambitious plans for the region".
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