Caravel Logistics plans to pump in around Rs 150 crore for acquiring ships,
setting up container freight stations (CFS) and buying rail rakes. The proposed
investment is likely to be funded through internal accruals and debt.
Caravel's CFS is expected to come up between Chennai and Ennore in Tamil Nadu.
The company plans to invest Rs 25 crore to set up the CFS on 15 acre. The CFS is
to handle 3,000-3,500 twenty foot equivalent units (TEUs) in the first year,
after commencing operations in November 2010.
Other CFSs are likely to come up in Tuticorin, Mundra, Ludhiana and Delhi
between 2010 and 2013.
On plans to enter the railway business, Caravel will launch the first service
between Mundra and Ludhiana to cater to Dubai cargo. The service is likely to
commence in November 2010. The company is planning to invest around Rs 45 crore
to acquire railway rakes.
Plans are afoot to buy a ship in the next three months and add another two in
the following fiscal, with a capacity of 800-1,000 TEUs.