Allcargo Terminals has entered into a Memorandum of Understanding (MOU) with Kences Container Terminal (KCTL) for operating a KCTL container freight station at Chennai, for business/capacity expansion.
This capacity addition is in line with the Company’s asset light philosophy (no capex is involved) and will increase its presence and market share in the South Indian market. The proposed capacity addition is to around 0.06 million per annum TEUs throughput Capacity which can be increased to 0.12 million per annum TEUs. The existing capacity utilization is 87% as of May 2024.
Allcargo Terminals is engaged in the business of operating Container Freight Stations.
