The new container freight station at JNPT is expected to be operational by the first quarter of 2012. We are also expanding our warehousing facilities across India to become a leading third party logistics player,” executive director Adarsh Hegde told ET. He did not elaborate on the investment involved in the project. However, he said the company has earmarked 200 crore for expansion in this fiscal. It currently operates three container freight stations in Mundra, Chennai and Mumbai. The company is targeting a turnover of 5,000 crore by 2013-14, Hegde said. It recently bought two small bulk ships to enter into coastal shipping. “We are keen on coastal shipping and have purchased two new vessels with an investment of 35 crore. With power plants likely to be set up at various locations, our intentions are to capture that market,” he said. “We are looking to acquire companies in India and abroad and our intention is to become a $1-billion company,” he said. Allcargo has been aggressively expanding its operations abroad and recently purchased controlling stake in two Hong Kong-based companies. It also increased stake in its subsidiaries in the UK and Argentina.
The company aims to expand its warehousing space to 4,00,000 sq ft by 2012 from the current levels of around 1,00,000 sq ft at an investment of 40 crore. It has warehouses in Goa and Mumbai and is planning to build new facilities in Indore, Nagpur and Hosur. The company also plans to expand its inland container deposits through various acquisitions in the coming months.
Plans to build a container freight station at Jawaharlal Nehru Port Trust
