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TCI to come up with 20 integrated logistics parks and properties

11 Jun 2011 Evaluate

Transport Corporation of India (TCI), India's leading integrated supply chain and logistics solutions provider and a pioneer in the sphere of cargo transportation, plans to invest up to Rs 300 crore to develop 20 integrated logistics parks, and commercial and residential properties in the next 3 to 4 years.

Through company’s demerged real estate and warehousing division TCI Developers will come up with 20 logistics parks across the country and develop land for real estate and commercial purposes. The company expects around Rs 200-300 crore investment for the development of both streams of projects. The company has planned a capital expenditure of Rs 100-110 crore for the current fiscal year and will use Rs 20-25 crore to acquire a ship from Denmark, Rs 30-45 crore to buy trucks and Rs 30-45 crore to set up hubs.

For the residential and commercial projects TCI is eyeing National Capital Region, Kolkata, Pune, Ahmedabad, Mumbai, Hyderabad, Bangalore, Chennai, Indore and Nagpur. This Fiscal the company will increase its warehousing capacity by half a million to 1 million square feet. Presently it has a warehousing facility of 9.5 million square feet, of which 6.5 million square feet is owned by the firm.

Transport Corp. Share Price

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