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.

Initially, the venture will invest in basic infrastructure, specialized business, working capital and a customized container fleet. The joint venture has 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. The revenue expected from venture is at least Rs 100 crore.