Delhivery , India's largest fully integrated logistics service provider, has announced the launch of a cutting-edge logistics hub in Lucknow, marking a significant expansion of its operations in northern India. The new facility, spanning 100,000 square feet (1 lakh sq.ft.), is set to revolutionize the company's logistics capabilities in the region.

Advanced Automation and Increased Capacity

The Lucknow Gateway Hub is equipped with state-of-the-art technology, featuring two automated sortation systems capable of processing 5,000 shipments per hour. This automation is expected to significantly enhance the efficiency and accuracy of shipment processing. Additionally, the facility boasts a 40% increase in storage capacity, with 1,300+ bin locations and the ability to hold more than 17,000 shipments.

Economic Impact and Job Creation

Delhivery's expansion in Lucknow is poised to have a substantial economic impact on the region. The company anticipates the creation of thousands of direct and indirect job opportunities, stimulating local employment and economic growth. Furthermore, the hub is expected to boost related industries such as packaging, transport, and local delivery services.

Empowering Local Businesses

The new hub is designed to empower local entrepreneurs and businesses, particularly MSMEs (Micro, Small, and Medium Enterprises). By providing improved order fulfillment capabilities and access to nationwide markets, Delhivery aims to support the growth of regional businesses. The expanded storage capacity and efficient processing systems will enable local companies to prepare more effectively for peak seasons, including the upcoming festive period.

Strategic Expansion

Dingtang Tikhak, Senior Vice President of Regional Hub Operations at Delhivery, emphasized the strategic importance of the Lucknow facility, stating, "Our operations in Lucknow and nearby areas are central to our business. This expansion helps local businesses by allowing them to ship goods across the country more quickly."

The Lucknow hub is part of Delhivery's broader northern India network, which includes hundreds of hubs and gateways, and 450+ distribution centers across Uttar Pradesh and Delhi-NCR. This extensive infrastructure supports the company's mission to provide reliable and scalable logistics services to businesses throughout India.

Company Overview

Delhivery has established itself as a leader in the Indian logistics sector, with a nationwide network covering over 18,800 pin codes. The company offers a comprehensive range of services, including:

• Express parcel transportation
• PTL freight
• TL freight
• Cross-border services
• Supply chain solutions
• Technology services

Since its inception, Delhivery has successfully fulfilled over 3.6 billion shipments and currently serves more than 44,000 customers, ranging from large e-commerce players to SMEs and other enterprises.

As Delhivery continues to expand its operations and enhance its technological capabilities, the new Lucknow Gateway Hub stands as a testament to the company's commitment to improving logistics infrastructure in India and supporting the growth of businesses across the country.

Delhivery Limited (NSE: DELHIVERY), a prominent player in India's logistics sector, has announced the completion of its majority stake acquisition in Ecom Express, marking a significant consolidation in the country's e-commerce logistics landscape.

Transaction Details

Delhivery has successfully acquired a 78.75% stake in Ecom Express for a total consideration of approximately ₹1,369.00 crore. This move, which was first communicated to the stock exchanges in April, has now reached a crucial milestone with the transfer of the majority shareholding.

Acquisition Progress

According to the company's latest disclosure to the stock exchanges:

• Delhivery has remitted the full purchase consideration of ₹1,369.00 crore.
• The company has completed the acquisition of 78.75% of Ecom Express's issued and paid-up share capital on a fully diluted basis.
• The transfer of the remaining 21.12% stake is currently in process, pending certain administrative procedures.

Strategic Implications

This acquisition represents a strategic move in the competitive e-commerce logistics space in India. By acquiring Ecom Express, Delhivery is poised to:

1. Expand its market presence
2. Enhance its service capabilities
3. Potentially realize synergies in operations and technology

Regulatory Compliance

Delhivery has adhered to the regulatory requirements by making timely disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has kept investors informed through a series of communications.

Looking Ahead

With Ecom Express now a subsidiary of Delhivery, the logistics landscape in India is set for potential shifts. Industry observers will be keenly watching how this consolidation affects the e-commerce delivery ecosystem and whether it leads to improved efficiencies in the sector.

As the remaining stake transfer is completed, more details about the integration plans and strategic direction of the combined entity are expected to emerge.

Investors and stakeholders will likely monitor the impact of this acquisition on Delhivery's financial performance and market position in the upcoming quarters.