As per the regulatory filing, Delhivery is collaborating with Welspun on a 7 Lakh sq ft mega-gateway in Greater Mumbai and with GMR for a 1 Million+ sq ft facility in Bangalore. The Bangalore facility also includes a warehouse for multi-channel order fulfillment for Delhivery's customers.

These fully-automated large integrated trucking terminals will be operational by 2023 and will increase Delhivery's processing capacity to meet the customer demand from the South and West, the company said.

Commenting on the announcement, Ajith Pai, chief operating officer of Delhivery, said: "Since our inception, we have created a robust pan-India network supported by high-quality infrastructure, automation, proprietary technology, and data capabilities. Aligned to our objective, we will continue to drive speed, reliability, and cost-efficiency for all our customers through these on-going investments."

Anshul Singhal, managing director of Welspun One Logistics Parks said: "We worked closely with Delhivery to create a customized solution to suit their needs. The Delihvery premises are completely bespoke to help them achieve greater operational efficiencies. With the logistics and warehousing sector going through a transformational phase in India, this partnership will take us one step closer to positively value add to our client's business requirements by ensuring they get the highest quality Grade A assets."

GMR is the largest private airport operator in Asia and the 2nd largest in the world with a passenger handling capacity of over 189 million annually. It operates the Delhi Airport, which is the largest and fastest-growing airport in India. It also runs Hyderabad Airport, a greenfield airport known for several technological innovations.

Welspun One Logistics Parks (WOLP) is an integrated fund, development, and asset management organization; designed to deliver large format, institutional, Grade-A logistics parks across India.

Delhivery is a fully integrated logistics player in India providing a full range of logistics services, including express parcel and heavy goods delivery, part truckload freight, truckload freight, warehousing, supply chain solutions, cross border express and freight services.

On a consolidated basis, Delhivery reported net loss of Rs 119.86 crore in Q4 FY22 as compared to a net loss of Rs 118.25 crore in Q4 FY21. Net sales soared 106.6% to Rs 2,071.76 crore in Q4 FY22 over Q4 FY21.

Shares of Delhivery were listed on bourses on 24 May 2022. The scrip was listed at Rs 493, representing a premium of 1.23% to the initial public offer (IPO) price of Rs 487. The IPO of Delhivery was subscribed 1.63 times. The issue opened for bidding on Wednesday (11 May 2022) and it closed on Friday (13 May 2022).

Shares of Delhivery shed 2.32% to Rs 502.10 on the BSE.