| Chennai, 28 March 2007: Sical
Logistics Limited, the leading provider of integrated multi-modal
logistics for bulk and containerized cargo has initiated
activities to create a new dimension to its business enabling
it to become a one billion dollar company by 2012.
Investment in infrastructure and people
The Company’s strengths in skilled people and market
reach will be further boosted with the induction of more
senior level personnel in the HO at Chennai and across the
pan India network. 60 0fficials have joined since February
07 and more are expected to come on board by April’07.
The Company’s people network includes regional office
heads in Delhi, Mumbai, Kolkata and Bangalore and business
centre heads in Chennai, Tuticorin, Bangalore, Kolkata,
Mumbai, Delhi, Ahemadabad, Pune and Hyderabad. The focus
of the larger team will be on maximizing the value from
the logistics-rupee for the customers in India.
Investment in all aspects of logistics
Sical and L&T have entered into a joint venture to
set up an iron ore terminal at Ennore at a cost of over
Rs. 330 crores. This is a scale down from the initial capacity
of 12 million tones to about 6-d million tones with the
option to scale up. Also a new venture has been formed with
PSA India, to set up a second container terminal under the
BOT model at a cost of Rs.300 crores with a capacity of
400,000 TEUs to start with.
As part of the regional expansion plans, Sical will increase
presence across India from 11 locations to 38 locations
with a related increase of its own trucking fleet to about
850 by the next year in addition to a contracted fleet of
4000 trucks.
Sical has obtained a category one license of Rs.50 crores
to operate container rails across India and is setting up
ICDs at Tuticorin, Coimbatore, Bangalore, Chennai, Secunderabad
Nagpur and Mumbai. Being the first company from South India
to obtain this license at a national level, Sical is expecting
to initiate its first phase of operations by 2008. The license
allows Sical to operate container trains for a period of
twenty years in which the first four rakes are to be bought
or leased by Sical over the next 6 months. These are expected
to increase up to 17 container trains a day by 2011.
Facilitating to consolidate the daily cargo movement across
all locations in the country using Nagpur as the hub and
spoke, Sical is developing a customized TMS (Truck Management
System) that will have a GSM / CMDA based tracking system.
Sical will also build a state of the art sorting centre
facility at Nagpur. This will provide the transporters access
to the top quality services without any huge investment
but only on a pay by use basis with a delivery window of
anywhere between 24hrs to 96hours in any part of the country.
Sical is the first and only service provider the transport
sector to offer this. The investment outlay for the above
project is estimated at Rs.112 crores.
With these expansion plans Sical assures to provide quality
service to the logistics industry and decreasing the time
and cost over run to an immense margin.
About Sical Logistics Limited (Sical):
Mr. Ashwin C. Muthiah is the Vice Chairman of Sical Logistics
Limited. Sical is a leading integrated multi-modal logistics
provider with services spanning inland logistics, container
logistics and offshore logistics. The Company has operations
in all the major ports in India, including Chennai, JNPT/Mumbai,
Tuticorin, Visakhapatnam, Kandla, Haldia, Paradip, Goa etc.
Sical also owns and manages the dedicated coal terminal
at Ennore port as well as the Container Terminal [in a joint
venture with the Port of Singapore Authority (PSA)] at Tuticorin
port. Additionally, Sical has recently won concessions for
the Ennore Iron Ore Terminal, Chennai Container Terminal
(in joint venture with PSA), MIHAN rail and road terminals
in Nagpur in partnership with MADC and Gupta Logistics.
Sical was awarded a Container Train Licence across all routes
in India.
For further information please contact:
Samantha Unnikrishnan
Ogilvy Public Relations Worldwide
Office: +91-44-44344326
Fax: +91-44-44344710
Email: samantha.unnikrishnan@ogilvy.com
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