Deals3 Oct 2025, 06:02 pm
Allcargo Terminals Ltd Enters Proposed Lease Agreement with Venkatesh Coke and Power Limited for Capacity Expansion in Chennai
AI Summary
Allcargo Terminals Limited (ATL) has entered into a term sheet for a proposed lease arrangement with Venkatesh Coke and Power Limited (VCPL) for a land parcel in Chennai. The purpose of the agreement is to evaluate capacity expansion for ATL's Container Freight Station (CFS) / Inland Container Depot (ICD) business. The annual lease rental is Rs. 9 crores with a 15% escalation rate every three years. The agreement is effective from September 24, 2025, until October 31, 2025. The agreement does not involve any related party transactions and there is no shareholding or significant terms of the agreement to disclose.
Key Highlights
- Allcargo Terminals Limited enters into a term sheet for a proposed lease arrangement with Venkatesh Coke and Power Limited for a land parcel in Chennai.
- The purpose of the agreement is to evaluate capacity expansion for ATL's Container Freight Station (CFS) / Inland Container Depot (ICD) business.
- The annual lease rental is Rs. 9 crores with a 15% escalation rate every three years.
- The agreement is effective from September 24, 2025, until October 31, 2025.
- The agreement does not involve any related party transactions.