Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Infrastructure status to Logistics Industry - TCI's position

Posted On: 2017-11-22 01:06:00


Transport Corporation of India Ltd., India's leading integrated supply chain and logistics solutions provider, commented on TCI's position on government announcing infrastructure status to the Logistics Industry.

Logistics infrastructure has been a most important aspect for economic development and urbanization. To enable this, huge investment is required. The government recognizing its pivotal role has recently granted infrastructure status to the logistics sector.

Commenting on the move, Mr. Vineet Agarwal, M D, Transport Corporation of India Ltd. (TCI Ltd.) mentioned, "It is commendable that this Government has acted on granting infrastructure status to our industry, a recommendation our company has been making for several years. Not only will FDI increase in this sector but infrastructure finance will be easily accessible to build state of the art infrastructure for managing complex supply chains. We also expect upcoming Industrial parks to dedicate space for logistics services and more impetus to sectoral skill development".

TCI as a company has been in the forefront of creating required infrastructurc for its customers across India. These investments are not restricted only to the main metros and cities but in tier 1 & 2 cities and even in remote locations. A testimony to this is that TCI through its 800 offices and 11 million sq. ft. warehousing space manages 2.5% of India's GDP by value.

In the last 5 years, TCI has invested more than Rs. 500 Crs in creating world class cold storages, warehouses Hubs and multi modal network. These facilities are equipped with investments in latest MHE (material handling equipment) and M H S (material handling storage systems) for industry segments like e-commerce, retail, FMCG, automotive and others.

TCI, has also done investments in rail and coastal multimodal logistics. In continuation to these investments TCI was part of the signatories in June 2017 with NHAI for development and furthering of Multi-modal logistics parks.

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.287.5 as compared to the previous close of Rs. 291.8. The total number of shares traded during the day was 34314 in over 823 trades.

The stock hit an intraday high of Rs. 304.5 and intraday low of 286. The net turnover during the day was Rs. 10200978.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Rubfila International Ltd posts lower consolidated PAT of Rs. 1.25 crore in Q1

Dhanlaxmi Bank Ltd Q1FY2 net profit at Rs. 6.09 crore

VST Industries Ltd Q1FY21 PAT higher at Rs. 75.71 crore

Exide Industries Ltd reports net profit of Rs. 43.95 crores in Q1FY21

KEC International wins New Orders of Rs. 1,192 crore

Cochin Shipyard Ltd board to consider Q1 results on Aug 10, 2020

J K Cement Ltd board to approve first quarter results on Aug 18, 2020

Bajaj Electricals Ltd board to announce Q1FY21 results on Aug 11, 2020

NCL Industries Ltd board to consider 1st quarter results on Aug 14, 2020

MRF Ltd board to announce 1st quarter results on Aug 14, 2020

NATCO Pharma Ltd board to approve quarterly results, interim dividend on Aug 12, 2020

S H Kelkar And Company Ltd board to consider 1st quarter results on Aug 12, 2020

Galaxy Surfactants Ltd board to announce Q1 results on Aug 11, 2020

Caplin Point Laboratories Ltd board to announce Q1FY21 results on Aug 10, 2020

Ushar Martin Ltd board to consider quarterly results on Aug 11, 2020

KPIT Technologies Ltd posts consolidated PAT of Rs. 24.01 crore in Q1FY21

MRO-TEK Realty Ltd Q1FY21 loss at Rs. 2.36 crore

Wheels India Ltd Q1 Consolidated loss widens to Rs. 43.71 crore

DISA India Limited board to announce quarterly results on Aug 12, 2020

Bandhan Bank holding company complies with RBI license conditions

Kansai Nerolac Paints Ltd Q1FY21 consolidated PAT at Rs. 33.47 crore

The Ramco Cements Ltd - Golden Peacock National Training Award - 2020

CenturyPly announces application of Virokill Technology in its manufacturing process killing 99.99% virus, with the launch of New TVC

Wockhardt announces COVID-19 vaccine partnership with UK Government

Indian Oil Corporation Ltd raises Rs. 1625 crore

Solara Active Pharma Sciences Ltd appoints Mr. Bharath R Sesha as MD and CEO

Welspun Corp Limited receives multiple orders

Central Bank of India board to consider first quarter results on Aug 11, 2020

INVIDI Technologies extends successful relationship with Tata Elxsi

Steel Strips Wheels Ltd acheives total wheel rim sales of 9.25 lacs in July 2020

RITES Ltd board to announces quarterly results on Aug 11, 2020

Power Grid Corporation of India Ltd board to approve Q1 results on Aug 10, 2020

TCS a Leader in Life, Annuities & Pensions BPS: NelsonHall

NMDC Ltd announces price revision of iron ore from July 31, 2020

Sundram Fasteners Ltd board to consider first quarter results on Aug 12, 2020

Cummins India Ltd board to announce quarterly results on Aug 12, 2020

Sasken appoints Edwin Moses as President and COO

ADC India Communications Limited board to consider Q1 results on Aug 14, 2020

KOPRAN Ltd board to announce 1st quarter results on Aug 11, 2020

Sundaram Finance Ltd board to approve quarterly results on Aug 10, 2020

Bank of India posts consolidated PAT of Rs. 845.78 crore in Q1FY21

Solara Active Pharma Sciences Ltd posts Rs. 42.28 crore consolidated PAT in Q1FY21

Aditya Birla Fashion and Retail Ltd - Partly Paid up Equity Shares to list on Aug 3, 2020

Shilpa Medicare Ltd board to consider Q1FY21 results on Aug 8, 2020

ZEN Technologies Ltd board to announce Q1 results on Aug 8, 2020

K.P.R. Mill Limited board to approve quarterly results on Aug 12, 2020

Oriental Aromatics Ltd board to consider Q1 results on Aug 10, 2020

Shree Renuka Sugars Limited board to consider preferential issue on Aug 7, 2020

IRB Infrastructure Developers Ltd receives LoA from NHAI for hybrid annuity project

ICRA upgrades long-term rating of Syngene International Ltd







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019