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| Exchange Disseminated Time | Kesar Terminals & Infrastructure Ltd has informed BSE that the Company alongwith its Consortium Member, Kesar Enterprises Limited (KEL) has received a Letter of Award (LOA) from Madhya Pradesh State Agricultural Marketing Board (Mandi Board) for setting up a "Composite Logistics Hub" at Pawarkheda, District Hoshangabad, Madhya Pradesh on Design, Build, Finance, Operate and Transfer (DGFOT) basis through Public Private Participation (PPP).
The setting up of "Composite Logistics Hub" would include development of infrastructure on an area of 88.3 acres provided by the Mandi Board covering an entire range of logistics infrastructure including rail sidings for cargo and container movement, rail side warehouses, Inland Container Depot (ICD), Cold Storage, food grains warehouse, development of common facilities, marketing of the same to potential customers along with operation and maintenance thereof. The project cost is estimated at Rs. 147 crore.
The execution of the Project shall be through a Special Purpose Vehicle by incorporating a new Company in the name and style "KESAR MULTIMODAL LOGISTICS LIMITED" jointly by the Company and KEL. The said Company will execute a Concession Agreement with the Mandi Board. |
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