Handing over the vehicles to DARCL earlier in the day, Mr.
Darshan Kumar Agarwal, Director, DARCL Logistics Ltd, said, "We are very excited and feel honored to be a part of the new chapter in the trucking industry that we are about to unveil together with Mahindra Navistar for the customers of DARCL.
17 February 2011 - ICRA assigned today an A2+ rating to a commercial paper (CP) programme of DARCL Logistics Ltd.
25 crore,1 Commercial Paper Programme of Darcl Logistics Limited (DARCL) +.
The rating factors in DARCL's long track record of operations, widespread network/ infrastructure and leadership in the organized full truck load segment of road transportation business; its esteemed clientele and low client concentration risk on account of diversified customer base; high share of contracted business for the company which reduces company's vulnerability to demand slowdowns due to asset light approach.
Darcl Logistics Limited (formerly known as Delhi Assam Roadways Corporation Limited) is one of the top leading transport & Logistics companies in India.
14 February 2011 - Indian rating agency CRISIL today reaffirmed the rating assigned to the cash credit limits of DARCL Logistics Ltd at BBB+ with a "stable" outlook.
CRISIL's ratings on the bank facilities of DARCL Logistics Ltd (DARCL) continue to reflect DARCL's leadership position in the full-truck-load (FTL) segment, and moderate operating efficiency.
For arriving at its ratings, CRISIL has combined the business and financial risk profiles of DARCL and DARCL's wholly owned subsidiary, Transrail Logistics Ltd (Transrail).
CRISIL believes that DARCL will sustain its business risk profile over the medium term on the back of increasing utilisation levels in its road transport business.