Allcargo Logistics, India’s largest integrated logistics solutions provider, has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for its Composite Scheme of Arrangement. The move will split the company’s domestic and international businesses into separate listed entities, marking a major step in its strategic restructuring.

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Allcargo Supply Chain, part of Allcargo Logistics, has expanded its southern presence with the launch of a modern, tech-enabled Logistics Park in Panapakkam, near Chennai. Spread across 2.75 lakh sq. ft. of Grade-A warehousing space, the facility is designed to handle large-scale cargo efficiently and marks a key step in strengthening the company’s infrastructure-led growth strategy in India.

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ECU Worldwide, a global LCL consolidator and subsidiary of Allcargo Logistics Limited, has launched iTopaz, a cloud-enabled and AI-powered digital platform, in collaboration with IBM, Tata Consultancy Services (TCS), and Amazon Web Services (AWS). The platform replaces ECU Worldwide’s legacy ERP system and will be rolled out in phases across 180 countries, with full deployment expected by 2027.

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Allcargo Logistics Limited has launched a 1.5 lakh sq. ft. built-to-suit Grade A warehouse for a Swedish electrification company at Alur in Nelamangala near Bengaluru. The facility, developed under Allcargo Supply Chain Private Limited (ASCPL), will handle storage, distribution, and management of electrical components. It will be the Swedish company’s largest warehouse in India and serve as a consolidated distribution centre.

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Allcargo Logistics reported a 41 percent decline in consolidated net profit at Rs 10.3 crore for the third quarter ended December 31, 2024 compared to the same period last year.

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