Deals28 Jun 2024, 01:04 am
JSW Infrastructure Secures Contract for Gati Shakti Multi-Modal Cargo Terminal in Chennai
AI Summary
JSW Infrastructure Ltd. has received a Letter of Acceptance from Southern Railway, Chennai Division for the 'Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal (GCT)' at Arakkonam, Chennai, Tamil Nadu. This development aligns with the company's vision of building an efficient pan-India logistics network for last-mile connectivity. The GCT will be constructed entirely on railway land and is expected to be completed within 18 months of the grant of approval of construction. The railway land will be licensed for a period of 35 years.
Key Highlights
- JSW Infrastructure has secured a contract for the construction and operation of a Gati Shakti Multi-Modal Cargo Terminal at Arakkonam, Chennai, Tamil Nadu.
- The contract is with Southern Railway, Chennai Division.
- The GCT will be constructed entirely on railway land.
- The company is expected to complete the construction within 18 months of the grant of approval.
- The railway land will be licensed for a period of 35 years.