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Adan News: Adani Logistics to accumulate ICD Tumb from Navkar Company for Rs 835 crore | India Enterprise News – Occasions of India- Newslength

NEW DELHI: Adani Logistics, a wholly-owned subsidiary of Adani Ports and Particular Financial Zone Ltd, on Tuesday stated it has signed a definitive settlement to accumulate ICD Tumb (Vapi) from Navkar Company for Rs 835 crore.
Adani Logistics Ltd (ALL) in an announcement stated the deal contains the acquisition of the operational ICD with a capability to deal with 0.5 million TEUs (twenty-foot equal unit).
Related 129 acres of land offers a further enlargement path to extend capability and cargo in close to future, as extra industrial corridors and logistic parks get added alongside these DFC (Devoted Freight Hall) routes, it famous.
The corporate stated the acquisition is according to its technique to construct built-in transport utility and pan India logistics infrastructure, and Tumb provides to the prevailing seven multi-modal logistics parks within the Adani Logistics portfolio.
In line with the assertion, ICD Tumb has a personal freight terminal with 4 rail dealing with traces linked with Western DFC, customized notified land and bonded warehouse services.
Strategically positioned, Tumb serves each Hazira port and Nhava Sheva port alongside the Western DFC surrounded by industrial items of Gujarat Industrial Growth Company (GIDC) and Maharashtra Industrial Growth Company (MIDC).
APSEZ CEO and Complete-Time Director Karan Adani stated, “This acquisition fits well with our transformation strategy towards becoming a transport utility as well as move us closer to our objective of providing economical door-to-door services to our customers”.
ALL has developed and operates Multi-Modal Logistics Parks (MMLP) at Patli, Kishangarh, Kilaraipur, Malur, Mundra, Nagpur and Taloja.
APSEZ is a part of the globally diversified Adani Group.



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