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No transaction with Adani Group in near future: Snowman Logistics

videos | Oct 28, 2020 4:04 PM IST

No transaction with Adani Group in near future: Snowman Logistics

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In an interview to CNBC-TV18, Sunil Nair, chief executive officer, said, "The company has set up a large facility for Amazon in Delhi which will be operational in the next couple of days. Therefore, we see Q3 and Q4 to be much better than the first half of this year."

Integrated temperature-controlled logistics service provider Snowman Logistics on Wednesday said there was no transaction with Adani Group in near future.

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In an interview to CNBC-TV18, Sunil Nair, chief executive officer, said, "The company has set up a large facility for Amazon in Delhi which will be operational in the next couple of days. Therefore, we see Q3 and Q4 to be much better than the first half of this year."
On the business front, he said Snowman Logistics will be able to maintain margin at current levels and expect the second half of the year to be much better than H1.
Nair said the company will be taking debt of Rs 60 crore and by this year-end, debt will be around Rs 100 crore, "Snowman Logistics has seen 8 percent growth in the pharma vertical YoY."
“We are fully prepared for COVID vaccine distribution. Each facility of ours is capable of handling the temperature required for the vaccine, which is coming up," Nair added.
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