Acquisitions3 Jan 2025, 11:09 pm
JSW Infrastructure Acquires Container Train Operator License from Sical Multimodal
AI Summary
On January 3, 2025, JSW Infrastructure Ltd entered into a Concession Agreement with the Railway Administration (Northern Railway), Government of India, for the purchase of a Container Train Operator Licence/Concession (CTO License) from M/s. Sical Multimodal and Rail Transport Limited. This development is a continuation of the Board of Directors' approval dated November 3, 2023, for the acquisition of the CTO License from Sical Multimodal.
Key Highlights
- JSW Infrastructure Ltd has acquired a Container Train Operator Licence/Concession (CTO License) from M/s. Sical Multimodal and Rail Transport Limited.
- The acquisition was made through a Concession Agreement with the Railway Administration (Northern Railway), Government of India, on January 3, 2025.
- This development is in line with the Board of Directors' approval dated November 3, 2023, for the acquisition of the CTO License from Sical Multimodal.