Flyjac Logistics acquires 22.3 acre land parcel from Lodha Group

29 Jul 2021 CW Team

Japan-based logistics firm Flyjac Logistics has acquired more than 22.3-acre land parcel from Lodha Group at its Palava Industrial and Logistics Park (PILP) near Mumbai.

Flyjac Logistics already has such an operational warehousing capacity across India. This transaction represents their first outright purchase of land parcels in western India to arrange a warehousing facility. Most of the third-party logistics warehousing amenities in the western area are leased property.

This is the fourth such transaction by Lodha Group at Palava Industrial and Logistics Park in the final two quarters. Batilogistic, a subsidiary of FM Logistic Group, entered an agreement to develop a 30-acre land parcel at this logistics park in April.

Flyjac is the fourth mega multi-national logistics firm to set foot into the Palava Industrial and Logistics Park within the final six months, besides from Swegon, FM Logistics and Katerra. With this, the primary park has been occupied and the developer could launch the second park over 130 acres.

The first park with concentrate on logistics and industrial improvement was launched in 2019 and since then, it has closed 170 acres with occupiers like FM Logistics, Flyjack, ESR-Lodha alliance, among others.

Flyjac Logistics is expected to begin work on growing the warehousing facility within the subsequent two months with an goal of commencing the operations right here within the subsequent 12-15 months.

Also read:

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..