Allcargo Terminals Invests in Haryana Orbital Rail Corporation for Strategic Expansion in North India
Allcargo Terminals Limited (ATL) is investing in Haryana Orbital Rail Corporation Limited (HORCL) to expand its operations into Multi-Modal Logistics Parks (MMLPs) and Inland Container Depots (ICDs) in North India. The investment is aimed at enhancing service offerings, optimizing supply chain efficiency, and strengthening ATL's competitive position in the logistics sector. The Haryana Orbital Rail Corridor (HORC) project, which connects Farukhnagar with the Dedicated Freight Corridor (DFC), is expected to grow at a CAGR of 7-10% in the next few years due to an increase in overall container traffic and the commissioning of the DFC. The MMLP in Farukhnagar, under development by Allcargo Inland Park Private Limited, will be operated by ATL and is expected to be ready by Mar 2026.
Key Highlights
- ATL aims to expand and diversify its operations into MMLPs and ICDs in North India.
- The investment in HORCL will enhance connectivity to key ports like Mundra and Nhava Sheva, facilitating faster movement of goods.
- The MMLP in Farukhnagar will accelerate ATL's transformation from a leading CFS player to a robust CFS-ICD service provider.
- The investment in HORCL ensures strategic advantage by providing direct connectivity to DFC through HORCL Rail Link.
- The MMLP Farukhnagar will serve as a logistics hub for Model Economic Township Limited (METL), a fully owned subsidiary of Reliance Industries Limited.