Cargo Breaking News
Allcargo Terminals Ltd (ATL) has announced a proposal to raise Rs. 38.28 Cr. through the issuance and allotment of up to 1,32,00,000 Fully Convertible Warrants to the Promoters/Promoter Group. The Board of Directors of ATL has approved the preferential allotment in its meeting held on July 15, 2025. Each warrant has a face value of ₹2 per share, at an issue price of Rs. 29 per warrant at a premium of Rs.27 per warrant, subject to shareholder and regulatory approvals. This issuance accounts for approximately 5% of ATL’s post-conversion equity share capital and is priced at a ~1% premium to the SEBI-defined floor price.
This kickstarts ATL’s three year expansion plans. ATL has a current capacity of 8.3L TEUs annually across its seven facilities in five hubs that handle approximately 80% of India’s EXIM trade. ATL plans to augment its capacity to over 13L in the coming three years – by expanding some of its key facilities and by developing new CFS/ICD facilities. This strategic move is in line with ATL’s long-term growth roadmap and will support the company’s multi-location infrastructure expansion at Mundra and Nhava Sheva, Greenfield ICD at Farukhnagar and infra upgrades at existing facilities.
Currently operating at 80–85% capacity utilisation, the expansion plans will enable the company to cater to future demand and consolidate its leading position in key logistics corridors.
