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Allcargo to invest on rail terminal project in Hyderabad
Media reports suggest that Allcargo Global would set up a rail terminal in Hyderabad and has already purchased land for this project.
Rail terminals are used to load and unload containerized cargo from a rail liked Inland Container Depots (ICD).
However, details on investment in the project is unknown. This is the first time that the company has embarked on the rail business. It currently operates Container freight stations, Inland container depots and coastal shipping as part of its integrated logistics business.
Besides the terminal, the firm has not planned any capital expenditure until 2014 because of uncertainty in the market, reports indicate.
Media reports suggest that Allcargo Global would set up a rail terminal in Hyderabad and has already purchased land for this project. Rail terminals are used to load and unload containerized cargo from a rail liked Inland Container Depots (ICD). However, details on investment in the project is unknown. This is the first time that the company has embarked on the rail business. It currently operates Container freight stations, Inland container depots and coastal shipping as part of its integrated logistics business. Besides the terminal, the firm has not planned any capital expenditure until 2014 because of uncertainty in the market, reports indicate.