Snowman Logistics on an expansion mode, adds more warehousing capacity

Snowman Logistics Ltd. has announced further capacity expansion and is currently adding to their pallet capacity across the country. Snowman Logistics has commenced construction at the Siliguri facility and is further adding pallet capacity to Taloja and Krishnapattanam facilities taking the total pallet capacity to 1,13,208 with a presence in 16 cities catering to the key markets of Mumbai, Chennai, Bengaluru, and Kolkata.

Construction in Siliguri prioritized basis customer demand wherein existing set of customers wanted "global standard facilities" in line with other Snowman facilities across the country to reach out to the markets. Snowman will add 4200 pallets at Siliguri and will expand Taloja (Mumbai) and Krishnapattanam facilities by a total of 3000 pallets. All these facilities are scheduled to be up and running before this financial year-end.

Snowman caters to its comprehensive network of reputed clients, which source and consume temperature-sensitive products in bulk amounts. It caters to various services like dairy products including butter and cheese, Canned food Items, Poultry and Meat, Seafood, Healthcare, and pharmaceutical products.

Shares of Snowman Logistics Ltd was last trading in BSE at Rs.29.3 as compared to the previous close of Rs. 28.9. The total number of shares traded during the day was 9005 in over 140 trades.

The stock hit an intraday high of Rs. 29.75 and intraday low of 28.95. The net turnover during the day was Rs. 264295.

Source : Equity Bulls

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