The new terminal consolidates Delhivery’s existing operations in Bhiwandi and includes an automated hub, sortation, freight handling, and ecommerce returns operations. In the logistics industry, a gateway is the central point at which freight moving from one region to another is interchanged between transport vehicles heading into different directions.
Spanning over 1.2 million square feet of land, the terminal has 96 docking stations and is designed to transact over 8,000 tonnes of freight, with 1,600 vehicles passing through it daily.
This is the company’s second such large facility after its first in Tauru, Haryana, launched in 2021. The company also expects its third such facility in Bangalore to become operational in 2024.
“Our expanded Bhiwandi gateway will enable us to increase capacity for Mumbai and the West Zone’s large and SME (small and medium enterprise) freight shippers while maintaining world-class service reliability and efficiency,” said Sahil Barua, managing director & chief executive of Delhivery.
The facility’s automation system was developed and deployed by warehouse automation startup Falcon Autotech, in which Delhivery owns a 39% stake.
Discover the stories of your interest
In its annual report for FY23, Delhivery had said it would explore new opportunities and expand its operations to reach a new set of customers.The Gurugram-based company’s operating revenue fell marginally in FY23 to Rs 7,225 crore, from Rs 7,241 crore a year ago. Its net loss also saw barely any improvement, coming in at Rs 1,008 crore in FY23, compared with Rs 1,081 crore in FY22.
On Wednesday, Delhivery’s share ended at Rs 364.50, up 0.14% from its previous close on the BSE.
