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Allcargo Terminals, a provider of cargo handling solutions with a network of Container Freight Stations and warehousing facilities, reported a net profit of ₹9 crore in the quarter ending in March, reversing a net loss of ₹2 crore from the same period last year due to increased volumes. Revenue rose by 12 percent to ₹208 crore, up from ₹186 crore. EBITDA increased by 31 percent to ₹44 crore, compared to ₹33 crore.
In FY26, the company’s net profit rose 46 percent to ₹44 crore. Revenue was up 8 percent at ₹821 crore, up from ₹758 crore. EBITDA grew by 26 percent to ₹162 crore. Annual volumes also saw healthy growth of 7 percent, reaching 7.23 lakh TEUs, according to the company. Suresh Kumar R, Managing Director of Allcargo Terminals, stated that India's growing export-import momentum and strategic capacity expansion at key ports contributed to a 46 percent growth in net profit last fiscal year.
The company’s focus on operational excellence has further built customer trust in various markets, allowing it to achieve the highest annual volumes ever. “In line with our strategic goals, we improved capacity at one of our two JNPT facilities and secured a ten-year extension for the other. We also began construction on the PFT-ICD at Farukhnagar in the March quarter, marking another important milestone in our growth journey,” Kumar said. The company is committed to making meaningful contributions to India’s expanding export-import ecosystem and logistics infrastructure, he added.
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Nagpur is set for a major expansion in logistics infrastructure, with Maharashtra Chief Minister Devendra Fadnavis stating that the city requires at least 20 additional mega logistics parks to meet rising industrial and warehousing demand. The remarks were made during the inauguration of the Godam Logistics Park on Amravati Road, one of the largest integrated logistics facilities in central India. Union Road Transport and Highways Minister Nitin Gadkari also attended the event and described Nagpur as a rapidly emerging logistics hub due to its strategic location and growing transport connectivity. Maharashtra CM Devendra Fadnavis mentions, "Today, along with Nitin Gadkari, I inaugurated the Warehouse Logistics Park in Nagpur. A state-of-the-art facility has been developed, spread across more than 100 acres. This project will provide a major boost to the logistics and manufacturing sectors. The logistics policy we introduced in the past has helped Nagpur emerge as a logistics hub of the country. With a large number of logistics parks being developed, logistics costs will reduce significantly. If we want to compete globally and become a part of the global supply chain, reducing logistics costs is essential." Industry experts have increasingly viewed Nagpur as a natural distribution centre because of its location at the geographical centre of India. The city connects major freight corridors linking Delhi, Mumbai, Chennai and Kolkata, giving companies shorter transit times to key consumption markets. Gadkari highlighted that India’s logistics costs remain higher than global benchmarks, estimating them at nearly 16% of GDP compared with around 8% in China and 12% in several European economies. However, he claimed infrastructure upgrades, including highway expansion and improved fuel efficiency, are gradually reducing freight costs. The push for logistics infrastructure in Nagpur comes amid a broader industrial buildout across Vidarbha. Over the past year, multiple warehousing and industrial park projects have been announced in the region, including smart logistics parks, multimodal freight hubs and AI-enabled manufacturing clusters. The Maharashtra government is also banking on future port connectivity to strengthen the region’s supply chain ecosystem. Fadnavis said the upcoming Vadhvan Port project on the Konkan coast is expected to significantly improve export access for industries in central India once operational later this decade. Nagpur’s logistics expansion is expected to support sectors such as manufacturing, e-commerce, cold chain distribution and air cargo, while also generating employment in warehousing, transport and industrial services. However, analysts note that sustained growth will depend on faster multimodal connectivity, improved urban infrastructure and long-term industrial demand. Follow CARGOCONNECT for more such updates.
India-based drone developer EndureAir Systems has secured ₹30.01 crore ($3.6 million) in government-backed funding to accelerate development of its SABAL-200 heavy-lift unmanned aerial vehicle (UAV), aimed at defence and industrial logistics operations. The funding has been awarded under the Government of India’s Research and Development Initiative (RDI) programme, supported by the Department of Science and Technology and the Technology Development Board. The company said it is the first drone manufacturer to receive support under the initiative’s initial cohort. EndureAir plans to use the capital for research and development, technology upgrades, manufacturing expansion and field-testing infrastructure as it advances the SABAL-200 platform from Technology Readiness Level (TRL) 5 to TRL 9, the stage associated with deployment-ready systems. The SABAL-200 is being developed as a vertical take-off and landing (VTOL) drone capable of carrying payloads of up to 200 kg across a range of 200 km, with an endurance of approximately 2.5 hours. The platform combines a tandem-rotor design with a turbocharged internal combustion engine to support long-distance heavy-lift missions in remote and difficult terrain. The project represents a significant scale-up from EndureAir’s earlier SABAL-series drones, including the SABAL-20 and SABAL-40 platforms that have already been deployed for logistics and surveillance missions in high-altitude regions. Founded in 2018 and incubated at the Indian Institute of Technology (IIT) Kanpur, EndureAir focuses on unmanned aerial systems for logistics, defence and infrastructure support. The company manufactures its platforms in-house and has positioned its products for operations in areas where conventional transport access is limited. Industry observers view the development as part of India’s broader effort to strengthen domestic aerospace and autonomous logistics capabilities, particularly in military supply operations and remote infrastructure support. Follow CARGOCONNECT for more such updates.
As per its Annual Report 2025-26, NITI Aayog, in collaboration with multiple union ministries, is working toward strengthening PPP (Public-Private Partnership) frameworks for several key infrastructure projects, including multimodal logistics parks, mega railway station redevelopment and renovation, and state-of-the-art integrated sports complexes. One of the primary focuses is to upgrade and revise the model concession agreement for multimodal logistics parks being developed alongside the Union Ministry of Road Transport and Highways and National Highways Logistics Management Limited. The revised structure is aimed at improving investor confidence and making projects more financially sustainable and easier to implement. The revised agreement is undergoing considerable consultations to enhance project viability, bankability, and bring participation from private developers. The much-awaited move is likely to support the government’s wider logistics upgradation programme aimed at cutting transportation costs and significantly improving freight movement efficiency across India. The policy think tank has also been assisting the Union Ministry of Railways in evaluating redevelopment proposals for Andhra Pradesh's Vijayawada railway station. According to the report, the redevelopment proposals involve modernising railway station infrastructure on brownfield sites and creating commercial development opportunities connected to the stations. The think tank indicated that the projects were planned to maximise revenue from the land linked to the railway stations. The Annual report of NITI Aayog also mentioned that the railway station redevelopment projects have received initial approval and are now at the bidding stage. Separately, NITI Aayog stated that it has worked with the Ministry of Youth Affairs and Sports to prepare a concept paper for a proposed concession framework for integrated sports stadium developments under the public-private partnership model. The proposed framework is meant to be implemented on a design, build, finance, operate, and transfer basis. It aims to help create multi-use sports stadiums that meet international standards with the participation of the private sector. For more such news and updates, visit CARGOCONNECT.
