December 04 , 2017

Targeting Rs 12,000 crore revenue by 2020: Allcargo Logistics

The Allcargo Logistics stock has had a very quiet 2017 with only a one percent gain so far, but the street seems excited about the logistics space post goods and services tax (GST). In an interview with CNBC-TV18, Shashi Kiran Shetty, Founder & Chairman of the company spoke about company’s prospects for FY18 and beyond, the kind of growth that we can foresee and the next key triggers.
Things should change quite substantially starting from January, he said.
The company plans to move to 10 million square feet (sq ft) of warehousing space versus 3 million currently.
Require Rs 700-1,000 crore of investment over the next 3-5 years and will borrow money at a lower cost given that logistics sector has been given an infrastructure status, he added.
Will acquire Rs 100 crore worth more land outside Delhi, said Shetty.
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