Apollo LogiSolutions, India Glycols to construct depot

Apollo LogiSolutions (ALS), has entered into a JV with India Glycols, to construct an inland container depot (ICD) at Kashipur in Uttarakhand at an estimated cost of Rs 90 crore. ALS will have 51 per cent stake in the project, while India Glycols will have 49 per cent stake, including the land cost. The project is expected to be operational by April 2015 and the terminal will handle cargo, such as containerised liquid, electronics, auto parts, paper products and chemicals. Contact: Apollo LogiSolutions. Tel: 02143-262 001. Website: apollologisolutions.com