PNT Reporter

The manufacturing sector has outperformed the traditional 3PL leader in warehouse leasing in India, signalling a significant industry shift, according to Knight Frank India's report. With 14.65 million sq. ft transacted in Q3 2024 and a 20% YoY growth, the sector's robust leasing volume-driven by automotive, energy, and chemical industries-highlights India's appeal as a decentralized manufacturing hub. Pune led market activity, while rental growth was fuelled by limited supply and increasing demand. Retail and e-commerce sectors also exhibited remarkable growth, broadening the warehousing market's base.Read more

PNT Reporter

TVS Industrial & Logistics Parks (TVS ILP) has entered eastern India with a 1.40 lakh sq ft grade A industrial facility in Siliguri, West Bengal. Situated on a 5.66-acre plot in Fulbari, the facility caters to rising demand for strategic supply chain solutions and cross-border trade, leveraging Siliguri's role as the 'Gateway of North-East India.' The site, hosting a major e-commerce player and offering build-to-suit options, aligns with TVS ILP's focus on tier-II and tier-III markets. With an existing project in Odisha and plans for Guwahati, TVS ILP operates in over 13 cities and aims to expand further annually.Read more

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Mahindra World City Developers (MWCDL), a subsidiary of Mahindra Lifespace Developers (MLDL), has partnered with Sumitomo Corporation and Mahindra Industrial Park Chennai (MIPCL) to expand the existing industrial park in Tamil Nadu. The project, branded as 'Origins by Mahindra,' will see an investment of approximately INR 225 crore from the joint venture partners. This expansion aims to enhance the 307-acre park by acquiring additional land and developing infrastructure to foster a modern industrial ecosystem. MLDL holds an 89% stake in MWCDL, while MWCDL owns 60% of MIPCL, with Sumitomo Corporation holding the remaining 40%.Read more

Allcargo Logistics Limited reported strong financial results for the quarter ending September 30, 2024, showcasing growth across key segments. LCL volume rose 4% year-on-year to 2.37 million CBM, while FCL volume increased 7% to 164,000 TEUs, driven by robust global trade. Air freight volumes reached 2.65 million kilograms, up 14% year-on-year, despite a seasonal 4% decline from the previous quarter. The Contract Logistics segment excelled with 46% revenue growth year-on-year, supported by new clients and expanded business from existing customers. EBITDA improved by 26%, reflecting cost-saving measures. With strategic initiatives and operational enhancements, Allcargo is well-positioned for continued growth amidst evolving global logistics demands.Read more

Bhutani Infra has bought the 'Logix City Centre' in Noida for an estimated INR 1,000 crore, which includes renovation expenses. The 1.2 million square foot project comprises retail spaces, offices, and a hotel. CEO Ashish Bhutani confirmed the purchase from PAG and the Logix group promoters, and the property will now be rebranded as 'Bhutani City Centre 32.' This acquisition strengthens Bhutani Infra's portfolio in the Delhi-NCR commercial market and reflects its strategy to offer integrated spaces that combine work, leisure, and lifestyle. The move aligns with the company's vision to meet the evolving demands of modern consumers.Read more

In a strategic move to strengthen its presence in the industrial and logistics (I&L) sector, Macrotech Developers Ltd., has acquired Bain Capital's stake in three digital infrastructure entities under the Lodha Industrial and Logistics Park (LILP) brand for INR 307 crore. This acquisition aims to fuel Lodha's annuity income growth and bolster its digital infrastructure capabilities. The acquisition builds on a previous purchase from Ivanhoe Warehousing India Inc., marking a significant step in Lodha's digital infrastructure strategy.Read more

Rhenus Group, a global logistics provider, is enhancing its operations in India by focusing on smaller towns to meet the growing demand for efficient logistics solutions. Since entering India via a joint venture in 2010, the company has expanded its service offerings, which include transport, warehousing, customs clearance, and value-added services. With a strong workforce and extensive global presence, Rhenus aims to support key sectors such as automotive and healthcare, positioning itself to respond effectively to the evolving needs of various industries.Read more

Transindia Real Estate reported a significant decline in consolidated net profit for the quarter ending September 30, falling to INR 7 crore from INR 79 crore last year, primarily due to exceptional gains from previous divestments. Revenues also dipped by 5%, totaling INR 26 crore. Despite these challenges, Managing Director Jatin Chokshi highlighted the company's strong portfolio with potential annual rental income of INR 65 crore. Transindia is strategically investing in new land parcels for projects in major cities and diversifying its portfolio to include residential real estate, positioning itself to meet growing logistics demands while navigating a competitive market.Read more

Hindustan Unilever (HUL) has leased a 600,000 sq. ft. warehousing facility in Bhiwandi, near Mumbai, for over seven years, marking one of the largest warehousing transactions in the Mumbai Metropolitan Region (MMR). The deal includes an initial monthly rent of over INR 1.5 crore, with a 5% annual increase, totaling over INR 150 crore throughout the lease. This facility will enhance HUL's logistics and distribution network, supporting demand in and around MMR. As FMCG companies focus on efficient supply chain management, this move strengthens HUL's logistics capabilities, positioning the company to better serve both urban and rural markets.Read more

Kaushalya Logistics Limited has launched a new depot in Amritsar, Punjab, aimed at improving the distribution of JK Cement products across the region. This facility will expedite deliveries and enhance operational efficiency, supporting KLL's growth strategy in northern India. With increased capacity, the depot allows KLL to serve existing clients better and attract new ones, including major players like Adani. Managing Director Mr. Uddhav Poddar highlighted that the depot reinforces collaboration with JK Cement and aligns with KLL's vision for nationwide expansion. Overall, this initiative significantly strengthens KLL's market presence and commitment to growth in the logistics sector across India.Read more