Snowman Logistics Expands Network with 2 new temperature-controlled owned warehouses

Snowman Logistics Limited, India's leading provider of integrated temperature-controlled logistics services, is pleased to announce the completion of construction of and commencement of operations of its 2 owned new state-of-the-art temperature-controlled warehouses in Kolkata and Krishnapatnam. The Kolkata facility has a capacity of 5,630 pallets, and the Krishnapatnam facility has a capacity of 3,927 pallets, bringing the total capacity of the company to 1,50,754 pallets, spread across 43 warehouses in 20 cities. In addition, the Company operates 296 owned and 325+ leased refrigerated vehicles pan India.

These new facilities are equipped with cutting-edge technology incorporating automation to increase operational efficiency, and will cater to a wide range of industries, including seafood, ice cream, dairy products, ready-to-eat meals, quick service restaurant (QSR) items, confectionery, bakery products, fruits and vegetables, and pharmaceuticals.

Commenting on this milestone, Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics Limited, stated, "The completion of our Kolkata and Krishnapatnam facility marks another significant step in our mission to provide best-in-class cold chain solutions. We are very confident that the requirement for cold chain will grow exponentially in the country, and we will continue to expand our network."

Shares of Snowman Logistics Limited was last trading in BSE at Rs. 59.67 as compared to the previous close of Rs. 58.26. The total number of shares traded during the day was 24691 in over 501 trades.

The stock hit an intraday high of Rs. 60.50 and intraday low of 59.18. The net turnover during the day was Rs. 1474276.00.

Source : Equity Bulls

Keywords

SnowmanLogistics INE734N01019 NetworkExpansion TemperatureControlled OwnedWarehouses