Adani Logistics to form JV with NYK Auto Logistics

Image
Capital Market
Last Updated : Jul 16 2018 | 7:16 PM IST

To provide Automobile Freight Trains for transportation of finished vehicles

Adani Logistics, subsidiary of Adani Ports & Special Economic Zone has signed an agreement with NYK Auto Logistics to form a joint venture which specialises in transportation of finished vehicles using Automobile Freight Trains, and concluded an agreement for the establishment of this joint venture.

This JV Company will participate in AFTO Policy of Ministry of Railways and offer its Automobile Freight Trains for transporting vehicles across India in more efficient manner and will contribute towards 'green' India.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jul 16 2018 | 6:57 PM IST

Next Story