New Delhi: The world’s fourth richest businessman Gautam Adani’s streak of success continues. They are pioneers in new fields one after another. According to the information, now he has added a new information to his list of successes. According to reports, Adani’s company Adani Logistics has made an important deal at a cost of Rs 835 crore. The deal is to acquire Inland Container Depot (ICD) with Tumb.
- Adani Logistics has said that it has partnered with Navkar Corporation for Rs. 835 crore for the acquisition of ICD Tumb
- This deal will prove helpful in increasing the company’s capacity and cargo in future
Adani Logistics, a subsidiary of Adani Ports and Special Economic Zone Limited, has said that it has entered into an agreement with Navkar Corporation for Rs. 835 crore for the acquisition of ICD Tumb. According to available information, ICD Tumb is the largest in-land container depot. Its capacity is 0.5 million or five million TEUs. The ICD is located between the strategically important Hazira Port and Nhawa Shewa Port. Adani Logistics has said that this deal will help in increasing the company’s capacity and cargo in the future. The company also informed that the deal includes four rail handling lines connected to Western DFC near Tumb ICD and a private freight terminal.
Karan Adani, CEO of Adani Ports and Special Economic Zone Limited (APSEZ), said that the acquisition of Tumb, one of the largest ICDs in the country, will strengthen the company’s future plans. “This acquisition will complement our transformation strategy to become a transport utility and move us closer to our objective of providing door-to-door services to our customers economically.