Allcargo Terminals Limited announced The Company has entered into a Memorandum of Understanding (MOU) with Kences Container Terminal Limited (KCTL) for operating a KCTL container freight station at Chennai, for business/capacity expansion. This capacity addition is in line with the Company's asset light philosophy (no capex is involved) and will increase its presence and market share in the South Indian market. Existing Capacity: Yard throughput capacity of 0.96 million TEUs per Annum.

Existing Capacity Utilization: 87% utilization as of May 2024. Proposed Capacity Addition: Approximately 0.06 million per annum TEUs throughput Capacity which can be increased to 0.12 million per annum TEUs.