Patel Roadways may merge with Patel Onboard Couriers

Patel Roadways may merge with Patel Onboard Couriers

AUG 26: Patel Roadways has an equity of Rs 8 crore with a book-value of Rs 32 while POC has an equity of Rs 4.71 crore with a book value of Rs 41. Patel Roadways has launched a new inventory management system by upgrading and converting its existing facilities into warehouses. The company is currently in talks with a few corporates for third party logistics (3PL). If these materialise, it will add about Rs 10 crore to the turnover, Patel said.

The new inventory management system will also enable the company to improve its margins which are currently languishing, Patel added. Patel Roadways posted a turnover of Rs 125 crore for the year ended March, 2000 and will probably reach to Rs 150-160 crore next year, Patel said.