Construction begins for 5,900-pallet cold-storage facility in Pune

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Price reactionminutes from the announcement price · days from the prior close

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₹52.92

prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.1% vs market

Logistics Solution Provider peers, median of 40sector-0.4%+0.3% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.3 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 40Pending

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AI summary

Snowman Logistics has started building a new 5,900-pallet temperature-controlled warehouse in Pune under a built-to-suit arrangement with developer Whitecastle Infra. The facility is planned to begin operations by June 2026 and will add to Snowman's existing 16,000 pallets in Pune. It will serve food, pharmaceutical and other cold-chain customers. The company currently has 154,330 pallets across 21 cities.

Likely market impact

The project would expand Pune capacity by about 37% and support growth; shareholder benefits depend on timely completion and customer uptake.