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Transport Corporation of India signs LoI with NHAI for development and furthering of Multi-Modal Logistics Parks

Posted On: 2017-05-07 21:06:20

A three days event from 3rd -5th May, 2017 at Vigyan Bhawan, New Delhi, namely, Integrated Transport and Logistics Summit was organized by the Ministry of Road Transport, Highways (MORTH ) & Shipping and National Highways Authority of India (NHAI) in collaboration with Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI), wherein, the sessions focused on six major themes that included Multi Modal Logistics Parks, New developments in Urban Transportation, Freight Corridors for Economic Development, Supply Chain Transformation - Storage Innovations, GST and Role of Digitization for Decongestion and Standards and Skills for Logistics.

Recognizing the importance of development of logistics infrastructure in India, TCI has been providing multi-modal logistics solutions via its divisions - TCI Freight, TCI Supply Chain Solutions, TCI Seaways & Joint Venture - TCI CONCOR Multimodal Solutions Pvt. Ltd. and further supports government's initiative of development and furthering of multi modal logistics parks.

On 5th May, 2017, Transport Corporation of India Limited (TCI) signed the Letter of Intent (LoI) with National Highways Authority of India (NHAI) for the development and furthering of MultiModal Logistics Parks.

The LoI on behalf of TCI was signed by Mr. Rajkiran Kanagala, Group Head - Business Development and on behalf of NHAI, it was signed by Mr. Ravinder, General Manager (Tech).

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.249.4 as compared to the previous close of Rs. 261. The total number of shares traded during the day was 11889 in over 355 trades.

The stock hit an intraday high of Rs. 258.5 and intraday low of 247.3. The net turnover during the day was Rs. 2982572.

Source: Equity Bulls

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