With container vessel rates having surged in the last few months, Transport Corporation of India (TCI), had to partly defer its capex plans for FY22.
“Our FY22 capex plan was aggressive for marine asset buying but had to defer those plans. Out of the Rs 225 crore capex planned, only about Rs 75-100 crore will be executed this fiscal,” Vineet Agarwal, managing director at Transport Corporation of India (TCI) told Business Standard.
At present, the company has two container vessels deployed on the west coast and four on the east with a total capacity of 77,957 deadweight tonnage.
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