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Our Bureau

Mumbai, Feb 26

Allcargo Global Logistics informed the Bombay Stock Exchange on Tuesday that it has entered into a joint venture with Container Corporation of India or Concor for setting up of container freight station and inland container depot at Dadri, Greater Noida in Uttar Pradesh for catering to the container traffic of North India.

Concor is the public sector undertaking engaged in the business of container rail transportation, inland container depot operations, warehousing, road transportation, coastal shipping and cold chain logistics.

Both the companies would jointly form a separate company for the same which is expected to commence operations by January 2009, the company said in a statement to BSE.

In a statement issued to the press, the companies also said that facility would be developed on an area of 40,000 square metres and would have the capacity to handle 84,000 TEUs per annum.

Allcargo is a multimodal transport operator in India, offering end-to-end logistics solutions across the world.

Its activities also include owning and operating container freight station at JNPT, Chennai and Mundra, and handling of project cargo.

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