FCC

Allcargo Group Acquires Gurgaon Land Parcels for Rs 231 crore

2023-10-03

Allcargo Logistics, a prominent player in the logistics and supply chain industry, has made a strategic move by acquiring two valuable land parcels in Gurgaon, India, for a total sum of Rs 231 crore. This acquisition, reported by Economic Times, demonstrates Allcargo's commitment to expanding its footprint in key logistics hubs.

The purchased land parcels, spanning an area of undisclosed size, are strategically located in Gurgaon, one of India's prime business and logistics districts. This strategic move is poised to enhance Allcargo's warehousing and distribution capabilities, providing it with a competitive edge in serving the growing demands of the region's thriving commercial and industrial sectors.

This acquisition aligns with Allcargo's vision of strengthening its presence in India's logistics landscape, further bolstering its position as a trusted partner for businesses looking for efficient and cost-effective supply chain solutions.