Shares of Delhivery Limited were trading in the green and 3% higher on 20 December after the company announced the launch of its Bhiwandi Mega Gateway.

In its filing, the company said that they have further expanded its presence by successfully launching the Bhiwandi Mega Gateway, which is built over 12,00,000 square feet of land area.

The Bhiwandi trucking terminal is one of India’s logistics facilities that combines an automated hub, sortation, returns, and freight operations, and it has the capabilities to handle the company’s parcel and part truckload freight volume simultaneously.

The automated gateway has 196 docking stations and is designed to transact over 8,000 tonnes of freight along with 1,600 vehicles transiting through it daily.

Falcon Autotech has developed the facility’s automation system, which comprises 1.8 kilometres of integrated double-deck cross-belt sorters coupled with over 5 kilometres of material conveyance systems and is also equipped to process over 32,000 shipments and 17,000 freight units per hour.

Sahil Barua, Managing Director and chief Executive Officer of Delhivery, said, “Our expanded Bhiwandi gateway will enable us to increase capacity for Mumbai and the West Zone’s large and SME freight shippers while maintaining world-class service reliability and efficiency.”

At 3:30 pm, the shares of Delhivery Limited closed 0.29% higher at Rs 365 on NSE.