Warehousing firm National Bulk Handling Corporation (NBHC) is aiming to double third-party procurement business to Rs 1,100 crore by the end of current financial year. In FY15, NBHC procured 170,000 tonnes of agri-commodities valued at Rs 550 crore. The company is mostly procuring agri-commodities like sugar, castor, pulses and Maize, for the established players in the food processing sector.
NBHC's core business is of providing end-to-end collateral and commodity management solutions. The company maintains more than 1,450 storage facilities across the country with a combined capacity of 3.3 million tonnes. Of which it owns 5 storage facilities with a combined capacity of more than 90,000 tonnes. The company managed agri-commodities worth Rs 70,000 crore till 2014-15. Cumulative value of commodities managed by the end of current financial year will reach Rs 90,000 crore.