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Two new warehouses inaugurated at Farrukhnagar, Haryana and Dadri, Uttar Pradesh.

Deployment will be for B2B middle mile distribution; can cover a distance of around 100 km with max 650 kg payload.

The new facility will be the company’s fifth warehouse inaugurated this year in India, taking the total footprint to over 2.1 million sq. ft.

Following the deal, Maersk will have 549 warehouses globally spread across 9.5 million square metres.

Average delay for late vessel arrivals have been dropping sharply so far this year.

Warehouse to be built with zero direct emissions in accordance with Maersk´s goal to decarbonise operations by 2040.

Maersk & MIDA will work together to attract investments in automotive, medical devices, aerospace & renewable energy.

The block train is operated by DP World for Maersk to transport the cargo for Basmati rice exporter D.D. International.

With the intended acquisition, Maersk will also introduce a new product Maersk Project Logistics.

Maersk was the most reliable carrier with schedule reliability of 49.5%.

Revenue from operations up 30% at Rs 208 crore compared to Rs 159 crore in Q1FY22

EBITDA and EBIT increased to $10.3 billion and $9 billion, respectively, and free cash flow was up at $6.8 billion.