Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 October, 2019 10:27 IST
Adani Ports commissions multimodal logistics park in Punjab
Source: IRIS | 20 Apr, 2017, 01.31PM
Comments  |  Post Comment

Adani Logistics, a subsidiary of Adani Ports and Special Economic Zone (APSEZ) and part of Adani Group, a global integrated infrastructure player, today said it had commissioned and commenced commercial operations at its Multimodal Logistics Park at Kilaraipur, Ludhiana in Punjab.

The state-of-the-art terminal was dedicated to the nation by Suresh P Prabhu, Hon. Minister for Railways, Government of India.

The logistics infrastructure facility, spread across 77 acres, is strategically located on the dedicated freight corridor feeder route and will facilitate double stack train services to Mundra Port.

''With commissioning of this multimodal logistics park - our third inland container depot (ICD), we are a step closer to attaining leadership in the logistics sector. We aim to increase our footprint pan India and further expand in the logistics sector, mirroring the growth of our ports business. Ludhiana, in Punjab holds a strategic location advantage with high Industrial presence. Having an ICD in Ludhiana will help capture cargo from Punjab and nearby states and contribute towards consolidating additional volumes for Mundra Port.'' said Karan Adani, CEO, APSEZ.

The multi modal park, with newly constructed warehouse and two railway handling lines, is now open for domestic cargo and domestic container handling.

The Adani Group is one of India’s leading business houses with revenue of over USD 12 billion.

Shares of the company gained Rs 5.8, or 1.78%, to trade at Rs 331.50. The total volume of shares traded was 223,055 at the BSE (1.17 p.m., Thursday).



Adani Ports and Special Economic Zone Limited   (Q,N,C,F)*

Could not connect: Too many connections