Shree Shubham Logistics plans Rs 200-cr expansion

MUMBAI: Shree Shubham Logistics, which is engaged in developing commodity warehousing parks, today said it would expand its business in Maharashtra, Madhya Pradesh, Gujarat and Rajasthan, involving an investment of Rs 200 crore over the next three years.

The move will create additional storage capacity of around 3.30 lakh tonne and the total floor plate area will touch around 2 million square feet, increasing its presence to 64 locations across these states, the company said in a release.

Currently, it has 3.6 million sq ft area in Rajasthan and Gujarat and will be developing additional two million sq ft in the second phase in MP and Maharashtra, taking its capacity to around 5.60 million sq ft.

Shree Shubham, a group company of Kalpataru Power Transmission was set up in January 2007 to provide end-to-end logistics solutions to commodity stakeholders in the agricultural and non-agricultural segments.

The company is currently developing agri-logistics parks at Latur, Akola, Jalgaon, Nagpur and Sangli in Maharashtra; Pratapgarh in Rajasthan; and Ujjain, Dewas, Neemuch, Itarsi, Sagar, Ganjbasoda, Vidhisha, and Harda in MP.

In the second phase, the company plans to enter Bihar, Andhra, Delhi, Punjab, Haryana and UP to create an additional capacity of around 4 lakh tonne, the press note said.