Business Update11 Sept 2026, 07:40 pm
Accuracy Shipping Subsidiary Gets LoI for Container Freight Station
AI Summary
Accuracy Shipping Limited's subsidiary, A.R.S. Terminals (India) Private Limited, has received a Letter of Intent (LoI) from the Central Board of Indirect Taxes and Customs (CBIC) to establish a Container Freight Station (CFS) in Kandla, Gujarat. This facility is expected to handle import and export cargo and become operational within one year. It will have a significant storage capacity, with an estimated monthly capacity of 5,000 containers and an annual capacity of 80,000 containers. This development is a strategic move to enhance logistics infrastructure.
Key Highlights
- Subsidiary receives Letter of Intent from CBIC for CFS.
- Facility to be set up in Kandla, Gujarat.
- Expected operational within one year.
- Significant container storage capacity planned.
Price Impact
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