Delta Corp Holdings Limited (“Delta” or the “Company”), a leading international third-party logistics provider, and certain of its subsidiaries today announced a significant milestone in its strategic growth plan with an award for the development of a state-of-the art multimodal logistics park (“MMLP”) in Nagpur, India by the National Highways Logistics Management Limited, a subsidiary of the National Highways Authority of India (“NHAI”). The project is being developed on a design, build, finance, operate, and transfer basis and Delta will be responsible for the construction and operating and maintenance of the MMLP for a term of 45 years. The project is part of the Indian government’s PM Gati Shakti - National Master Plan for Multi-Modal connectivity across India.
Located in the center of India in one of the fastest growing manufacturing and agricultural regions of the world, the MMLP in Nagpur will be a comprehensive solution to reduce logistics bottlenecks and transportation costs in the region. The approximately 150-acre facility will be developed in three phases and equipped with rail and trucking facilities for freight handling and distribution, warehousing, storage, customs clearance and bonding.
- Executing Our Strategy: The project marks a pivotal step in Delta’s strategic growth initiatives, further positioning the Company as a major participant in the international logistics landscape.
- Cost of Construction: The total investment for all three phases is estimated to be approximately $34 million at prevailing exchange rates. The first phase is expected to cost approximately $18.3 million with completion estimated by the end of Q1 2026.
- Annual Revenues and EBITDA: Delta anticipates annual revenues and EBITDA from the first phase to average approximately $67 million and $22 million, respectively, during the 45-year term of the lease.
- Capital Commitments: Delta intends to finance 70% of the project’s cost from local commercial banks with the balance coming from cash on hand and cash flow from operations.
Delta is confident that today’s announcement will further strengthen its position as a preferred logistics partner for businesses worldwide.
Mudit Paliwal, Founder & Chief Executive Officer of Delta, commented, "I am excited and proud to announce this transformational project for Delta. It has been our goal to develop Delta into a leading global logistics and Supply Chain Manager and today’s announcement is another milestone on our journey and a testament to our long-term commitment to growth and innovation. By strategically positioning ourselves in this key region, one of the fastest growing in the world, we aim to provide unparalleled logistics solutions to customers while creating sustainable value for our constituents.
"On behalf of the Board of Directors and senior management, I want to express my sincere gratitude to all our stakeholders and employees for their tireless efforts and dedication throughout the planning and initiation phases of this transformative project."