Concor ropes in Feedback Infra for feasibility study of logistics parks

Container Corporation of India Ltd (Concor), the navratna PSU under Railways ministry, has roped in Feedback Infra Pvt Ltd, a leading infrastructure services company, for carrying out the feasibility study for multi-modal logistics parks (MMLPs) proposed in Angul and Sukinda in Jajpur district.

The scope of the study involves financial appraisal and preparation of business plan of the MMLPs by assessing the business potential at the proposed locations including the adjoining area of about 200 kilometers.

Both the MMLPs will see a combined investment of Rs 300 crore excluding land cost with each park spreading over 50 acres of land. The study will include identification of industrial clusters in the area, consolidating and collecting traffic data and interaction with various key stakeholders including companies, inland container depots, container freight station and other private and government agencies.

These logistic parks are likely to give a boost to the state’s industrial competitiveness. The logistic parks will include facilities like warehouses, distribution centres, storage areas, offices, truck services, parking lots, truck terminals, container rail terminal, container handling facilities, cold storages, distribution centers, air cargo points, lorries, maintenance points, service stations, hospitals and restaurants. In addition, such parks would be equipped with weighbridges, telecommunication facilities, banks, health awareness units and recreation centres.

Concor would also set up three more MMLPs in the state. While the construction has started at the logistics park proposed at Jharsuguda, land acquisition is underway for two other parks at Paradip in Jagatsinghpur district and Muniguda in Rayagada district. Concor’s Inland Container Depot (ICD) at Balasore and Domestic Container Terminal (DCT) at Rourkela are operational in the state. Recently, Concor, the country's largest logistics services provider, has picked up 26 per cent stake in Angul-Sukinda Railway Ltd (ASRL), a special purpose vehicle (SPV) formed to implement the key rail link project.

The rail link project, estimated to cost Rs 1,100 crore, is aimed at connecting steel plants based in and around Angul with the iron ore rich Keonjhar-Banspani belt and Talcher Coalfields with the Kalinganagar steel hub. Other equity partners of the SPV include Rail Vikas Nigam Ltd (RVNL), Jindal Steel & Power Ltd (JSPL), Odisha Mining Corporation (OMC) and Odisha Industrial Infrastructure Development Corporation (Idco).