BHEL and CONCOR to jointly set up Rail-based Logistics Facility at Haridwar

Sarkaritel
By Sarkaritel July 15, 2019 15:38


New Delhi, July 15: Aimed at leveraging Bharat Heavy Electricals Limited (BHEL)’s strategic location and Container Corporation of India Limited (CONCOR)’s expertise in logistics, the two companies have signed an agreement to form a Joint Working Group (JWG) named BHELCON, for jointly setting up a Rail-based Logistics Terminal at Haridwar. Significantly, with this, BHEL is making a strategic entry into a new growth area. This terminal will further be developed into a multi-modal-logistics-facility.

In addition to meeting BHEL’s own requirements, the terminal will also cater to the large number of industries located in the neighbouring SIIDCUL as well as other industrial clusters in the vicinity of the terminal. These industries stand to benefit immensely as the cost of rail transportation is significantly cheaper than transportation by road. Moreover, BHEL’s Haridwar plant is in close proximity to both the upcoming Eastern and Western Dedicated Freight Corridors and advantageously placed to take benefit of these corridors in future.

Sarkaritel
By Sarkaritel July 15, 2019 15:38