Allcargo Terminals’ container freight volumes rose 20% in June

MUMBAI : Allcargo Terminals Ltd. reported a 20% year-on-year increase in its container freight volumes in June, according to an exchange filing on BSE.

Container freight volumes stood at 55.9 ‘000 Twenty-Foot Equivalent Units, a 6% month-on-month rise, the filing said. The company attributed the increase in volume to an increase in port volumes and its prominent presence and client relationships.

Allcargo Gati Ltd., a subsidiary of Allcargo Logistics Ltd., had raised Rs 169.28 crore through a qualified institutional placement on July 2.