TSL to invest Rs 100 crore to ramp up capacity
Transafe Services (TSL), a multi-modal logistics equipment provider, in which ICICI Ventures holds a 71% stake, has decided to ramp up its container manufacturing capacity at an investment of Rs 100 crore.
By TNN |
KOLKATA: Transafe Services (TSL), a multi-modal logistics equipment provider, in which ICICI Ventures holds a 71% stake, has decided to ramp up its container manufacturing capacity at an investment of Rs 100 crore. It plans to set up three greenfield facilities at Daruhera in Haryana, Kharagpur in West Bengal and at Coimbatore.
“At present, we have a capacity of producing 300 containers per month. The new facilities will help us to add another 700 containers. This will enable us to handle the domestic market,” The company’s managing director G.K. Mukherjea says.
The size of the domestic logistics market is estimated at $100 billion. Incidentally, Balmer Lawrie holds the rest 29% stake in TSL. At present, Transafe has two small units at Howrah and Delhi. It also manages the speciality container facility of Balmer Lawrie, located at Coimbatore.
These custom built containers will be manufactured for oil exploration, EPC, defence, space research etc and also for movement of perishables. According to Mr Mukherjea, the company plans to achieve a Rs 700 crore turnover by 2010.
“At present, we have a capacity of producing 300 containers per month. The new facilities will help us to add another 700 containers. This will enable us to handle the domestic market,” The company’s managing director G.K. Mukherjea says.
The size of the domestic logistics market is estimated at $100 billion. Incidentally, Balmer Lawrie holds the rest 29% stake in TSL. At present, Transafe has two small units at Howrah and Delhi. It also manages the speciality container facility of Balmer Lawrie, located at Coimbatore.
These custom built containers will be manufactured for oil exploration, EPC, defence, space research etc and also for movement of perishables. According to Mr Mukherjea, the company plans to achieve a Rs 700 crore turnover by 2010.
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