VLMS Update - Nagpur Terminal Operational

RNS Number : 7869M

Infrastructure India plc

21 July 2014

 



21 July 2014

Infrastructure India plc

("IIP" or the "Company")

VLMS Update - Nagpur Terminal Operational

Infrastructure India plc, the infrastructure fund investing directly into assets in India, is pleased to announce that on 18 July 2014, Vikram Logistic and Maritime Services Private Limited's ("VLMS") Nagpur terminal facility commenced domestic operations. The terminal has received and handled its first factory-stuffed containers and is expected to run a fully loaded container train to Mumbai during the week commencing 21 July 2014. Going forward, VLMS expects to run a regular container rail service to and from its Nagpur terminal.

Nagpur is located in the central Indian state of Maharashtra and is situated at close proximity to the intersection of major roads and railway lines. Initial operations of the Nagpur terminal facility are for domestic containerised cargo, with export-import cargo scheduled later this calendar year. The terminal expects to commission an automobile logistics park, liquid tank farm and private freight terminal as the operations of the facility ramp up.

The Company looks forward to providing shareholders with further operational updates in this regard in due course.

Enquiries:

Infrastructure India plc        Sonny Lulla	www.iiplc.com Via Instinctif Partners
Smith & Williamson Corporate Finance Limited Nominated Adviser & Joint Broker Azhic Basirov / Ben Jeynes	[phone]
Nplus1 Singer Advisory LLP Joint Broker Gillian Martin - Corporate Finance James Waterlow - Investment Fund Sales	[phone]
Instinctif Partners Financial Public Relations Toby Bates	[phone]

 

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