Snowman Logistics expands footprint with New Facility in Kundli

Snowman Logistics Limited, India's leading integrated temperature controlled logistics service provider, is pleased to announce the commencement of operations at its new warehousing facility in Kundli. The facility, taken on long-term lease, adds 3,576 pallet positions to the company's capacity - taking its total to 154,330 pallets across 44 warehouses in 21 cities. In addition to its warehousing network, Snowman operates a fleet of 296 owned and over 325+ leased refrigerated vehicles, ensuring seamless cold chain connectivity across the country.

Strategically located in the Delhi NCR region, the Kundli facility is equipped with state-of-the-art technology and robust infrastructure to serve a wide array of industries, including Quick Service Restaurants (QSR), Ice Cream, Dairy, Confectionery, Ready-to-Eat Meals, Bakery, Fresh Produce, and Pharmaceuticals.

Mr. Prem Kishan Dass Gupta, Chairman, Snowman Logistics, commented, "Following our recent expansions in Kolkata and Krishnapatnam through company-owned assets, the Kundli facility marks a significant step in strengthening our presence in the Delhi NCR region through an asset-light model. We remain optimistic about the growing demand for temperature-controlled warehousing and will continue exploring both owned and leased avenues to scale our network."

Shares of Snowman Logistics Limited was last trading in BSE at Rs. 59.16 as compared to the previous close of Rs. 60.02. The total number of shares traded during the day was 24247 in over 366 trades.

The stock hit an intraday high of Rs. 60.30 and intraday low of 58.83. The net turnover during the day was Rs. 1443881.00.

Source : Equity Bulls

Keywords

SnowmanLogistics INE734N01019 TransportationLogistics Expansion NewFacility Kundli