The new 2 lakh sq. ft. sorting centre at Gurugram will be located at Farukhnagar and 1.5 lakh sq. ft. sorting centre at Pune will be located at Chakan. The construction is expected to be completed by end of the current fiscal year and operations are anticipated to begin from Q1 FY2021. The owned sorting centres will create ample opportunities for investment in complete automation and implementation of business intelligent tools which will result in direct cost reduction benefits, shorter turnaround time and enhanced operational efficiencies in the long run.
Chander Agarwal, Managing Director, TCI Express, says, “The target capital expenditure outlay for the year has been revised to Rs 80 crore which will essentially be utilised towards construction and IT infrastructure. The investment in two new sorting centres will generate new growth opportunities for business and create value for all our stakeholders in the long run.”