Corporate Development     

Published: December 15, 2024
Updated: December 15, 2024

NECC Ltd

Developing new warehouse facility: Affirms commitment to green logistics

North Eastern Carrying Corporation Ltd. (NECC) (BSE: 534615, NSE: NECCLTD), a leading player in domestic, international, commercial, and industrial goods transportation has announced a recent business update.

NECC is in the process of developing a state-of-theart, 183,000 sq. ft. warehouse facility at its site in Tauru, near Gurugram. This integrated facility will be built on a 5- acre land parcel and will feature Housing facilities for staff, Multi-level racking systems for efficient storage, Modern electric material handling equipment along with 2 MW of solar power installed on the roof.

This new facility will have a substantial impact on NECC’s profitability, as we already have secured business for the upcoming warehouse. The project is being fully funded from the company’s reserves.

This facility also exemplifies the company’s futuristic approach to building sustainable, integrated logistics hubs across India. With in-house solar capacity, NECC will benefit from reduced input costs and improved efficiency. Additionally, the facility will significantly lower the cost of firstmile and last-mile deliveries, particularly when using electric (EV) trucks.

The company further added, “We are also excited to share NECC’s recent strategic investment in SG Green Logistics, a company dedicated to sustainable trucking solutions, particularly in heavy-duty electric vehicles (EVs). SG Green has already secured 50 electric trucks, cranes, material handling equipment, and installed charging stations at multiple locations across India.”

This investment is aligned with the company’s vision to electrify short-route trucking across major cities, significantly contributing to the decarbonization of the logistics sector. By adopting electric trucks, NECC will be better positioned to tackle the challenges of the future while also gaining a competitive advantage in the crowded logistics market. NECC’S early adoption of EV technology places it at the forefront of innovation and provides it with a cost advantage, enabling it to take on larger contracts and work with even more leading names in various industries.

For the past 56 years, NECC has been has one been of a renowned leader in the logistics industry. The company’s journey has been one of constant introducing new growth, with each decade business verticals and expanding its reach. The company is proud to partner with some of the most trusted names across various industries. These partnerships have allowed it to build a diverse and loyal client base, ensuring a consistent, long-term stream of business. Some of the industry giants that rely on NECC as a vital part of their supply chain ecosystem include ITC Ltd., Hindalco Industries, Gas Authority of India, Mankind Pharma, Cipla Ltd., APL Apollo Tubes, and so on.

The company utilizes its deep operating knowledge to offer extraordinary solutions tailored to the unique needs of its clients. Specializing in domestic, international, commercial, and industrial goods transportation, along with warehousing services, North Eastern Carrying Corporation has established itself as a leading freight forwarding company in India.

The company’s key divisions include Express PTL / Parcel Load, Full Truck Business / Door-to-Door Services, Bulk Transportation, ODC Movements / Specialized HeavyDuty Cargo Lifting, Warehousing and Distribution. As one of the top freight forwarding companies in India and among the best Goods Transport Agencies in the region, North Eastern Carrying Corporation continues to set the standard for excellence in the industry.