Shreeji Translogistics Limited to expand cargo, logistics business

The Board of directors of Shreeji Translogistics Limited discussed about its plan to expand the cargo Business and to enter into temperature-controlled logistics (Temperature controlled logistits specializes in the storage, preservation and transportation of cargo that is sensitive to atmospheric conditions and needs to maintain a certain temperature. This is imperative for many pharmaceutical products) i.e., the company plans to own refrigerated freezer trucks and arrange for the transportation of the customers products from point of sourcing through Reefer vehicles or ambient distribution vehicles.

The Board also discussed about its intention to expand warehousing in western regions of India to gain advantage of increased demand for warehousing facilities by the customers for storage of their cargo / goods.

Shares of Shreeji Translogistics Ltd was last trading in BSE at Rs. 121.15 as compared to the previous close of Rs. 115.40. The total number of shares traded during the day was 3000 in over 1 trades.

The stock hit an intraday high of Rs. 121.15 and intraday low of 121.15. The net turnover during the day was Rs. 363450.00.

Source : Equity Bulls

Keywords

ShreejiTranslogistics INE402Y01010 CargoBusiness TemperatureControlledLogistics Warehouse Expansion