Blue Dart plans Rs 150 cr capex, stock down

Mumbai: Blue Dart Express Ltd, South Asia's premier courier company, has earmarked around Rs 150 crore capital expenditure plan for 2012 to expand its air and ground services, a top executive said on Tuesday.

"We have decided to spend Rs 150 crore towards capital expenditure to expand air and ground services," Blue Dart Director (Finance) Yogesh Dhingra told reporters here.

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The company's share, however, opened lower and is trading down 0.03 percent at Rs 1,481 on the Bombay Stock Exchange.

The company, part of DHL Group, has spent around Rs 300 crore over the past two years under its capex programme, he said.

Meanwhile, Blue Dart and its parent company DHL announced India's first end-to-end 'Gogreen Carbon Neutral Service' across international and domestic markets. The service will be available across all of Blue Dart- DHL's Express service offerings.

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"The Gogreen Carbon Neutral Service will not only enable our customers to contribute to a greener future but also help fund the climate protection projects and build healthier and productive communities," Blue Dart Express Managing Director Anil Khanna told reporters.

PTI