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Gateway Distriparks GDL - Stock Update. Gateway Distriparks Ltd is one of the leading CFS players in the country with CFS at JNPT, Chennai, Vizag and Kochi. It also has two rail linked ICD at Garhi Hasaru near Delhi and at Ludhiana. GDL has category I rail license to run both EXIM and domestic private container trains and has 13 rakes as on date. It also runs cold chain business through Snowman Frozen Foods. Allcargo Global logistics has Acquired 5.97% equity stake in GDL. Allcargo has acquired 6,095,223 equity shares of GDL constituting 5.97% of the total paid up capital from the open market through M/s. Sealand Terminals Pvt.Ltd., which is the wholly owned subsidiary of Allcargo. It paid Rs.300 mn for this stake. As of now the management of Allcargo has that it is purely a treasury investment and has clearly declined any synergy with GDL. As of December 2008, the promoters of GDL hold 45.6% in GDL. Valuation: At Rs.74, GDL trades at fair valuations of 1.2x book value, 8.6x earnin...

Allcargo Global Logistics - key points. The global recession has led to slowdown in the global trade . There has been significant slowdown in major export markets like US and Europe. Due to this the import and export activity in India has been significantly impacted. India's total exports have registered de-growth. India's exports have registered negative growth rate for four consecutive months. This has led to lower number of container handling at the Container Freight Station (CFS) facilities. However due to liquidity crunch the importers are keeping the containers for longer durations with the CFS thereby increasing the ground rent income for the CFS players like Allcargo. This is compensating for the fall in volumes handled at the CFS. JV with Hind terminals to ease the pressure on capex - however major benefits unlikely before H2CY10E.Allcargo is looking to set up 4 CFS / ICD facilities over next three years and it has already purchased land at Nagpur, Hyderabad, Bangal...