Gateway Distriparks, provider of integrated logistics solutions witnessed a rise in share price on Wednesday after the company has construction of its 5th rail linked container terminal at Viramgam near Ahmedabad in Gujarat. 

The terminal at Viramgam is being built on 35 acres of land at a cost of about Rs 1 billion and will have two railway sidings for handling container trains.  It will be ready in a year and will operate as a rail hub and ICD at Viramgam.

The company has received all regulatory permissions from the state government and western railway.

Shares of Gateway Distriparks are trading at Rs 333.45, up Rs 7.9, or 2.43% at the Bombay Stock Exchange (BSE) on Wednesday at 12:31 p.m.

The scrip has touched an intra-day high of Rs 334 and low of Rs 326. The total volume of shares traded at the BSE is 2,162.