TCI, CONCOR to invest up to Rs 50 cr in JV
Transport Corporation of India and Container Corporation of India would invest about
Rs 50 crore in the next three years in their joint venture company, Infinite Logistics
Solutions.
"The joint venture (Infinite Logistics Solutions) started commercial operations on
November 29 is looking at investing Rs 30-50 crore in the next three years,"
Transport Corporation of India Executive Director Vineet Agarwal said.
The JV company would offer end-to-end logistics solutions and establish a rail-road
cargo service.
"ILSPL will use the core competencies of the JV partners TCI and CONCOR to offer
cargo transportation," Agarwal said adding that the JV company may be able to
generate revenue to the tune of Rs 100 crore in the next three years.
TCI holds 51 per cent equity in the joint venture and the remaining is held by
CONCOR.
"It is a dream come true for us, It is CONCOR's mission to provide efficient and
reliable logistics support for the country's domestic trade and commerce," Anil Gupta
Managing Director, CONCOR said.
http://economictimes.indiatimes.com/news/news-byindustry/transportation/shipping-/-transport/TCI-CONCOR-to-invest-up-to-Rs-50-crin-JV/articleshow/7094742.cms
Concor, TCI tie up to offer cargo transport
Logistics firm Transport Corp. of India Ltd (TCI) and state-run container train
operator Container Corp. of India Ltd (Concor) have started a joint venture to offer
clients both road and rail carriage of cargo.
TCI will hold a 51% stake in the joint venture, Infinite Logistics Solutions Pvt.
Ltd, with Concor taking the rest. Infinite Logistics will transport goods on Concor’s
railway containers and TCI’s truck fleet.
“By floating Infinite Logistics, we can jointly offer complete transport solutions,
including first- and last-mile connectivity,” said Vineet Agarwal, executive director,
TCI, without disclosing financial details of the tie-up.
Other logistics firms such as Gateway Distriparks Ltd, Boxtrans Logistics
(India) Services Pvt. Ltd, Hind Terminals Pvt. Ltd and Adani Logistics Ltd,
have opted for licences to run container trains, while TCI has stayed away; the
Concor tie-up will help it plug that gap.
Initially, the venture will invest in basic infrastructure, specialized business, working
capital and a customized container fleet. “We have decided to invest Rs.30-40 crore
into basic infrastructure over the next three years. It will be a combination of debt,
equity and internal accruals,” said Anil Gupta, managing director of Concor. “In
terms of revenue, we can look at at least Rs.100 crore.”
http://www.livemint.com/2010/12/14015534/Concor-TCI-tie-up-to-offerca.html?atype=tp
TCI, CONCOR to invest up to Rs 50 cr in JV
Transport Corporation of India and Container Corporation of India would invest about
Rs 50 crore in the next three years in their joint venture company, Infinite Logistics
Solutions.
"The joint venture (Infinite Logistics Solutions) started commercial operations on
November 29 is looking at investing Rs 30-50 crore in the next three years,"
Transport Corporation of India Executive Director Vineet Agarwal said.
The JV company would offer end-to-end logistics solutions and establish a rail-road
cargo service.
"ILSPL will use the core competencies of the JV partners TCI and CONCOR to offer
cargo transportation," Agarwal said adding that the JV company may be able to
generate revenue to the tune of Rs 100 crore in the next three years.
TCI holds 51 per cent equity in the joint venture and the remaining is held by
CONCOR.
"It is a dream come true for us, It is CONCOR's mission to provide efficient and
reliable logistics support for the country's domestic trade and commerce," Anil Gupta
Managing Director, CONCOR said.
http://www.business-standard.com/india/news/tci-concor-to-investto-rs-50-cr-injv/119083/on
TCI, CONCOR to invest up to Rs 50 cr in JV
Transport Corporation of India and Container Corporation of India would invest about
Rs 50 crore in the next three years in their joint venture company, Infinite Logistics
Solutions.
"The joint venture (Infinite Logistics Solutions) started commercial operations on
November 29 is looking at investing Rs 30-50 crore in the next three years,"
Transport Corporation of India Executive Director Vineet Agarwal said.
The JV company would offer end-to-end logistics solutions and establish a rail-road
cargo service.
"ILSPL will use the core competencies of the JV partners TCI and CONCOR to offer
cargo transportation," Agarwal said adding that the JV company may be able to
generate revenue to the tune of Rs 100 crore in the next three years.
TCI holds 51 per cent equity in the joint venture and the remaining is held by
CONCOR.
"It is a dream come true for us, It is CONCOR's mission to provide efficient and
reliable logistics support for the country's domestic trade and commerce," Anil Gupta
Managing Director, CONCOR said.
http://www.financialexpress.com/news/tci-concor-to-invest-up-to-rs-50-cr-injv/724160/0
TCI-Concor venture to offer pan-India rail-road solutions
Transport Corporation of India (TCI) will invest Rs 30-50 crore in its joint venture
with Concor, said Mr Vineet Agarwal, Executive Director, TCI, on Monday. The
company expects potential revenue of Rs 100 crore from the joint venture in three
years, he said.
The joint venture started commercial operations on November 29. The company
announced commencement of operations of Infinite Logistics Solutions Pvt. Ltd
(ILSPL) – where TCI holds 51 per cent, and Concor, 49 per cent.
“The investments will be towards working capital
requirements, and minor
(incremental) infrastructure requirement for specific requirement of customers,” Mr
Agarwal said.
multimodal logistics solutions
The company does not have any customers as of now. It was important to have the
product offering in place, he added.
ILSPL will offer end-to-end multimodal logistics solutions and establish an integrated
rail-road cargo service, thereby, creating synergies between the two modes of
transportation.
The joint venture aims to offer seamless services using the rail infrastructure of
Concor and the road infrastructure of TCI. It will also run operations on dedicated
routes and based on specific needs of customers and can offer customised solutions.
Mr Agarwal said, “TCI will ensure the first and last mile delivery of the cargo. With
this joint venture, TCI is pleased to offer its customers a cost-effective, reliable and
time-bound rail-road solution.” Mr Anil Gupta, Managing Director, Concor, said,
“Containerised multi-modal door-to-door transport, which ILSPL will offer, would
prove to be better and more cost-effective solution for heavy cargo over medium and
long distances.”
http://www.thehindubusinessline.com/2010/12/14/stories/2010121453111600.htm
TCI, Concor float new company for logistics services
Transport Corporation of India (TCI) and Container Corporation of India have joined
hands to float a new joint venture company, Infinite Logistics Solutions, to offer endto-end logistics solutions and establish a rail-road cargo service.
The joint venture plans to invest about Rs.50 crore during the next three years.
“The joint venture (Infinite Logistics Solutions) which started commercial operations
on November 29 is looking at investing Rs.30-50 crore in the next three years,'' TCI
Executive Director Vineet Agarwal told reporters here.
Infinite Logistics would offer end-to-end logistics solutions and establish a rail-road
cargo service.
“ILSPL will use the core competencies of the joint venture partners, TCI and Concor,
to offer cargo transportation. The new company may be able to generate revenue to
the tune of Rs.100 crore in the next three years,'' he said.
TCI holds 51 per cent equity in the joint venture and the remaining is held by
Concor. ``It is a dream come true for us, It is Concor's mission to provide efficient
and reliable logistics support for the country's domestic trade and commerce,'' Anil
Gupta, Managing Director, Concor, said.
The mission of the ILSPL will be to become the preferred logistics partner for
corporate houses seeking responsive and sustainable multi-modal logistics solutions.
The USP of the company will be the pan-India presence, huge asset and strong
infrastructure base and the ability to offer solutions to all product segments. This is
possible because of the reach, strong infrastructure and product offerings of TCI and
Concor.
http://www.thehindu.com/business/article950497.ece
TCI, CONCOR to invest up to Rs 50 cr in JV
Transport Corporation of India and Container Corporation of India would invest about
Rs 50 crore in the next three years in their joint venture company, Infinite Logistics
Solutions.
"The joint venture (Infinite Logistics Solutions) started commercial operations on
November 29 is looking at investing Rs 30-50 crore in the next three years,"
Transport Corporation of India Executive Director Vineet Agarwal said.
The JV company would offer end-to-end logistics solutions and establish a rail-road
cargo service.
"ILSPL will use the core competencies of the JV partners TCI and CONCOR to offer
cargo transportation," Agarwal said adding that the JV company may be able to
generate revenue to the tune of Rs 100 crore in the next three years.
TCI holds 51 per cent equity in the joint venture and the remaining is held by
CONCOR.
"It is a dream come true for us, It is CONCOR's mission to provide efficient and
reliable logistics support for the country's domestic trade and commerce," Anil Gupta
Managing Director, CONCOR said.
http://smartinvestor.in/market/story-52343-storydetTCI_CONCOR_to_invest_up_to_Rs_50_cr_in_JV.htm
TCI commences operations of ILSPL JV with CONCOR
ILSPL will offer end-to-end multimodal logistics solutions and establish an integrated
rail-road cargo service thereby creating synergies between the two most widely used
modes of transportation
Transport Corporation of India (TCI), India’s leading integrated supply chain and
logistics solutions provider and Container Corporation of India Limited (CONCOR), a
leading Container Logistics Company of India has announced commencement of
operations of Infinite Logistics Solutions Pvt. Ltd (ILSPL) a Joint Venture Company of
CONCOR and TCI. In Infinite Logistics Solutions Pvt. Ltd. (ILSPL), TCI will hold 51%
of the equity shares, which it had recently acquired and the remaining 49% is held
by CONCOR.
ILSPL will offer end-to-end multimodal logistics solutions and establish an integrated
rail-road cargo service thereby creating synergies between the two most widely used
modes of transportation. The JV will offer comprehensive solutions for its customers
by offering seamless services using the rail infrastructure of CONCOR and the road
infrastructure of TCI. It will also run operations on dedicated routes and based on
specific needs of customers, can offer customised solutions.
Speaking at the occasion, Vineet Agarwal, Executive Director, TCI said, “The JV
Company, ILSPL will use the core competencies of the JV partners - TCI and
CONCOR to offer multi modal cargo transportation. TCI will ensure the first and last
mile delivery of the cargo. With this JV, TCI Is pleased to offer its customers a cost
effective, reliable and time bound Rail Road solution.
Anil Gupta, Managing Director, CONCOR, said, “It is CONCOR's mission to provide
efficient and reliable multi-modal logistics support for the country's EXIM and
domestic trade and commerce and with this JV with TCI, we are getting a step closer
to it. Containerized multi-modal door-to-door transport which ILSPL will offer would
prove to be better and more cost effective solution for heavy cargo over medium and
long distances.”
The mission of the ILSPL will be to become the Preferred Logistics partner for
corporates seeking responsive and sustainable multi-modal logistics solutions. The
USP of the company will be the pan India presence, huge asset and strong
infrastructure base and the ability to offer solutions to all product segments. This is
possible because of the reach, strong infrastructure and product offerings of TCI and
CONCOR
http://www.indiainfoline.com/Markets/News/TCI-commences-operations-of-ILSPLJV-with-CONCOR/5019384678
TCI, CONCOR to invest up to Rs 50 cr in JV
Transport Corporation of India and Container Corporation of India would invest about
Rs 50 crore in the next three years in their joint venture company, Infinite Logistics
Solutions.
"The joint venture (Infinite Logistics Solutions) started commercial operations on
November
29
is
looking
at
investing
Rs
30-50
crore
in
the
next
three
years,"Transport Corporation of India Executive Director Vineet Agarwal said.
The JV company would offer end-to-end logistics solutions and establish a rail-road
cargo service.
"ILSPL will use the core competencies of the JV partners TCI and CONCOR to offer
cargo transportation,"Agarwal said adding that the JV company may be able to
generate revenue to the tune of Rs 100 crore in the next three years.
TCI holds 51 per cent equity in the joint venture and the remaining is held by
CONCOR.
"It is a dream come true for us, It is CONCOR&aposs mission to provide efficient and
reliable logistics support for the country&aposs domestic trade and commerce,"Anil
Gupta Managing Director, CONCOR said.
http://nongsain.indiareport.com/India-usa-uk-news/latestnews/958850/Business/4/20/E
TCI, CONCOR to operate ILSPL
Transport Corporation of India (TCI), an integrated supply chain and logistics
solutions provider, and Container Corporation of India Limited (CONCOR), a
container logistics company, on Monday announced commencement of operations of
Infinite Logistics Solutions Pvt. Ltd (ILSPL)-their Joint Venture company.
In ILSPL, TCI will hold 51pc of the equity shares, which it had recently acquired and
the remaining 49pc is held by CONCOR.
Vineet Agarwal, Executive Director, TCI, said, "ILSPL will use the core competencies
of the JV partners - TCI and CONCOR to offer multi modal cargo transportation. TCI
will ensure the first and last mile delivery of the cargo. With this JV, TCI Is pleased to
offer its customers a cost effective, reliable and time bound Rail Road solution."
ILSPL will offer end-to-end multimodal logistics solutions and establish an integrated
rail-road cargo service thereby creating synergies between the two most widely used
modes of transportation.
http://www.newkerala.com/news/world/fullnews-104167.html