Cargo Breaking News
Transport Corporation of India (TCI) will reportedly incur a capital expenditure of around ₹1,000 crore over the next four years as the logistics giant plans to expand its scale focusing on warehouses, shipping, and land as well as on acquiring new vehicles (trucks) and expanding its vehicle fleet. “In the next four years, we look at about ₹1,000 crore in capex. So, in that about ₹400 crore will be on ships, approximately ₹300 crore would be in warehouse & land business, approximately ₹150 crore in trucks and containers and approximately ₹150 crore on other assets such as warehousing equipment, other capex that you require on a regular basis,” Vineet Agarwal, Managing Director, TCI said in a statement.
