Snowman Logistics to open new 10,000 pallet temperature-controlled facility in Hyderabad

Snowman Logistics Limited, India's leading provider of integrated temperature-controlled storage and distribution, is pleased to announce the establishment of a new 10,000-pallet temperature-controlled warehouse facility in Hyderabad. This facility is being developed under the asset light Built-to-Suit (BTS) model and construction is now commencing. The facility is scheduled to be operational by Q2 next year and will cater to a temperature zone of -25℃ to + 20℃. Located along the NH-44 corridor, it serves in Hyderabad's northern logistics belt, an area that has seen rising demand for temperature-controlled storage driven by growth in seafood, ice cream, QSR, fruits & vegetables and pharmaceuticals.

Ishaan Gupta, Director, Snowman Logistics said "Hyderabad represents an important market for us, with our existing capacity of 6,800 pallets, this new addition of 10,000 pallets will strengthen our presence in emerging consumption centers across Andhra and Telangana. The strategic location provides excellent connectivity for efficient regional distribution."

This strategic expansion reinforces Snowman's commitment to strengthening our cold chain network across key consumption and production hubs. With an existing capacity of 154,319 pallets across 21 cities, this facility marks another milestone in the company's growth trajectory."

Shares of Snowman Logistics Limited was last trading in BSE at Rs. 36.20 as compared to the previous close of Rs. 36.41. The total number of shares traded during the day was 6733 in over 168 trades.

The stock hit an intraday high of Rs. 36.77 and intraday low of 36.00. The net turnover during the day was Rs. 243658.00.

Source : Equity Bulls

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SnowmanLogistics INE734N01019 TransportationLogistics NewFacility Hyderabad