Nagpur Sical Gupta road terminal project launched

February 24, 2008

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Country’s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshorfe logistics, Sical logistics on Sunday launched Nagpur Sical Gupta road terminal at Multi Modal International Hub Airport at Nagpur (MIHAN).

Union Minister for New and Renewable Energy, Vilas Muttemwar and State BJP President Nitin Gadkari laid the foundation stone of Rs 119.3 crore project. Chairman of Chennai-based Sical, Ashwin Muthiah and Chairman of Gupta Group of Industries, Padmesh Gupta were present on the occasion.

Speaking to reporters Muthiah and Gupta said a special purpose vehicle, Nagpur Sical Gupta Road Terminal (NSGRT), comprising Sical with 51 per cent stake, Maharashtra Airport Development Company 26 per cent and Gupta Coal with 23 per cent stake, will build, operate and manage the road terminal.

Sical MD and Group CEO, Sudhir Rangnekar said road terminal will stretch across 60 hectares of area and have parking facilities for 1150 vehicles including multi axle vehicles and cold storage. It would be completed by January 2009, he added.

NSGRT was formed in April 2007 and agreements were signed in August 2007. Rangekar said Sical was handling 22 mn tonnes of BUL and 5,00,000 teu (twenty euqal units) of containerized cargo.

Sical’s delivery network includes walk-in-berth at Chennai for ships carrying bulk cargo, a container terminal at Tuticorin.

Source: economictimes.indiatimes.com