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Gateway Distriparks > Company History > Miscellaneous > Company History of Gateway Distriparks - BSE: 532622, NSE: GDL

Gateway Distriparks

BSE: 532622|NSE: GDL|ISIN: INE852F01015|SECTOR: Miscellaneous
Oct 22, 15:44
-2.25 (-1.53%)
VOLUME 5,704
Oct 22, 15:55
-3.65 (-2.51%)
VOLUME 37,999
Company History - Gateway Distriparks
 GDL was incorporated on April 06, 1994 and got the certificate of
 commencement of business on October 24, 1994. The Company was
 originally promoted by NTSC, CWT Distribution Limited (CWT), NUR
 Investment and Trading Pvt. Ltd (NUR).  and Intercontinental Forest
 Products Pte. Ltd. (IFP) as a joint venture company to conduct the
 business of warehousing, container freight stations and all related
 activities. On March 13, 1995, IFP resigned as a joint venture
 and was replaced by Parameswara Holdings Ltd. and on April 01, 1996.
 CWT and NUR also resigned as joint venture partners and they were
 replaced by Windmill International Pte Ltd. and Thakral Corporation
 The development of the CFS at Dronagiri was completed in three
 Phases I & II, spread over an area of 24.71 acres, were completed at
 total cost of Rs. 850 mn. The land was acquired from CIDCO. Phase I
 the CFS achieved optimum capacity utilization during the year 2000.
 Phase II became operational in April 2001. Development of Phase III,
 spread over an additional area of 10.30 acres of land, acquired from
 CIDCO and situated adjacent to the existing plot has been completed
 during the second quarter of the financial year 2003-04. The capital
 expenditure of Phase III was funded through a placement of 10.20 mn
 shares with IDFC at a price of Rs. 25.49 per share aggregating to
 260 mn.
 In April 2004, GDL acquired an ICD at Garhi Harsaru as a going
 for a consideration of Rs. 177.50 mn. The ICD is well connected by
 and GDL has received permission from the Northern Railways to set up
 railway siding. At present, the ICD has a total developed area of
 acres (converted), which is being upgraded. GDL also acquired
 additional land of 17,83 acres adjoining the ICD alongside the broad
 gauge railway track on the Delhi-Jaipur main trunk line.
 In August 2004, GDL executed a joint venture agreement to acquire
 stake in Gateway East India Pvt. Ltd. (erstwhile Viking Exim
 Pvt. Ltd), through a fresh infusion of equity. GDL has invested
 mn towards equity contribution. GEL has leased 20 acres of land from
 the Vishakapatnam Port Trust and will operate a CFS catering to the
 demand of containerisation at Vishakapatnam port, GEL has commenced
 work on Phase I of the project spread over 8 acres of land.
 GDL had entered into a share purchase agreement on December 01,2004,
 acquire Indev Warehouse and Container Services Pvt, Ltd., a CFS at
 Chennai, for a total consideration of Rs. 270.00 mn.
 On November 10,2004, Aranda (a part of Temasek Holdings Limited,
 Singapore) acquired a 10% stake in the Company through an offer for
 sale of Equity Shares by the existing shareholders at a price of
 Rs. 32/- per share.
 Major Events in the History of the Company
 Calender Year    Event
 1994             Certificate of Incorporation
 1998             Completion of Phase I
 1999             ISO certification
 2000             Completion of Phase II
 2000             Maiden dividend
 2001             IDFC's investment
 2003             Bonus Issue
 2003             Completion of Phase III
 2004             Acquisition of ICD at Garhi Harsaru
 2004             Expansion into Vizag
 2004             In principle Approval for rail siding at ICD Garhi
 2004             Investment by Aranda
 2004             Acquisition of CFS at Chennai
 2005             Final Approval for rail siding at ICD Garhi
 2006             Gateway Distriparks Ltd has informed that
 Infrastructure Development Finance Company Ltd. (IDFC) has withdrawn
 their nomination in favour of Mr. Saroosh Dinshaw as a Director from
 the Board of the Company with effect from October 31, 2006.
 Consequent to the withdrawal of the nomination, Mr. Saroosh Dinshaw
 has resigned and the Board has accepted his resignation as Nominee
 Director on behalf of IDFC.
 --Registered Office of the Company has been shifted to Sector 6,
 Dronagiri, Tal: Uran, Dt: Raigad, Navi Mumbai - 400 707.
 -The Company has issued Bonus Shares in the Ratio of 1:4.
 - Gateway Rail receives & deploys 8 container trains in the EXIM and
 domestic routes.
 - Company's 60% subsidiary, Gateway Distriparks (Kerala) Ltd (GDKL),
 has been successful in winning a tender floated by Cochin Port Trust
 for a 2.58 hectare plot in Vallarpadam on a 30 year lease.
 - Board of Directors of the Company have approved the payment of
 Third Interim dividend of Rs. 2.00/- per equity share of Rs. 10/-
 - Board of Directors of the Company has approved the payment of
 Interim Dividend of Rs. 4.00/- per equity share of Rs. 10/- each.
 - Gateway Group acquires Chandra CFS And Terminal Operators for Rs
 26.50 cr
 - Gateway Distriparks Ltd (GDL) has executed Share Sale Agreement
 with Nichirei Logistics Corporation (Nichirei) to acquire Nichireis
 stake of about 6% (7.4 Million shares) in Snowman Logistics Limited
 (SLL) for about Rs. 25.90 Crores.
 - The Company has approved the payment of Interim Dividend of Rs.
 4.00/- per equity share of Rs. 10/- each.
 - Gateway Distriparks Ltd, the Companys subsidiary Company, Snowman
 Logistics Limited (SLL) has approved the initial public offering
 (IPO) of its equity shares for raising capital.
 -  Mrs. Chitra Gouri Lal has been appointed as Additional Director
 (Independent Director) on the Board of Directors of the Company.
 -  Mr. Bhaskar Reddy has been appointed as Additional Director
 (Independent Director) on the Board of Directors of the Company
 - The Company approved the payment of Second Interim Dividend of Rs.
 3.00/- per equity share of Rs. 10/- each.
 -Gateway Distriparks arm to set up 4th ICD in Gujarat
 -Gateway Distriparks acquires land to set up CFS
Source : Dion Global Solutions Limited
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