Gateway Distriparks forays into container train biz

MUMBAI: Logistics major, Gateway Distriparks Ltd, on Thursday said it is all set to make its foray into the container train business with a new company -- Gateway Rail Freight Pvt Ltd.

Gateway Distriparks, has acquired 100 per cent shareholding in a subsidiary company being renamed Gateway Rail Freight Pvt Ltd, which would spearhead its entry into the Container Train business, the company informed the Bombay Stock Exchange.

The company has appointed Prem Kishan Gupta as the Chairman and Managing Director of this subsidiary for a term of three years, it added.

The shares of the company were trading at Rs 173.10, up 0.70 per cent at the BSE.