Allcargo Logistics' CSR arm, today signed a Memorandum of Understanding (MoU) with Maharashtra State Skill Development Society (MSSDS) to train over 7400 youth in Maharashtra. This initiative will help Allcargo to enhance its scope of work under its skilling initiative 'Nipun' and would substantially contribute to the Government of Maharashtra's Skilling Maharashtra Mission.
 
Trainees will be primarily skilled in the fields of heavy and light commercial vehicle, warehousing and unarmed security guards. The initiative aims to provide placements to at least 70% of the candidates. The initial training batch will start in Uran and will be replicated in other areas.

Shares of the company gained Rs 1.95, or 1.13%, to trade at Rs 174.60. The total volume of shares traded was 46,279 at the BSE (2.44 p.m., Friday).