Ecu Line purchase pays off

A DECISION by Allcargo Global Logistics five years ago to buy Ecu Line, the Belgium-based logistics operator almost five times its size, appears to have paid handsome dividends. According to India’s Business Today, Allcargo’s stock price almost doubled in the first six months of its IPO. The company is listed as one of Business Today’s “20 companies to be watched in 2008”. It was the first global acquisition by an Indian logistics company. The company is planning to beef up its international operations, with regions like Abu Dhabi and Doha (Qatar) on the planning boards.