Transport Corporation of India: En route to growth

The Centre’s efforts to increase the share of coastal shipping through its Sagarmala project and the push to pass the Goods and Services Tax (GST) Bill bode well for companies such as Transport Corporation of India (TCI), that offer multimodal logistic solutions.

The company manages 11 million square feet of warehouse capacity and operates 9,000 vehicles per day. It expects to invest around ₹100 crore in new warehouses and hubs in 2016-17 and investment of about ₹66 crore is planned in ships and containers.

The passage of GST Bill, when it happens, can spur large warehouse-related investments by logistics providers to derive cost savings from route and warehouse optimisation.

With a strong balance sheet, TCI is well positioned to fund its expansion plans. The stock’s current price-to-earnings ratio (trailing 12 months) is at 28 times. This is lower than the 30 times its peer Gateway Distriparks trades at.

https://www.thehindubusinessline.co...f-india-en-route-to-growth/article8804127.ece

 

https://corporates.bseindia.com/xml...8D159D_8C89_4069_8450_0F32AD046F82_154145.pdf

For two shares of TCI, one share of TCI-XPS will be given.

 

Eagerly waiting for quote of TCI-XPS. I have in portfolio. Very bullish about stock

 

Any one have info about listing and trading of TCI-XPS ?