News > Allcargo Terminals invests in Haryana Orbital Rail Corp to expand business

Allcargo Terminals invests in Haryana Orbital Rail Corp to expand business

NDTV Profit | 23/10/2024 04:08 PM | Click to read full article

Allcargo Terminals Ltd. will develop multi-modal logistics parks and inland container depots, as per the exchange filing. This initiative is poised to enhance ATL's logistics capabilities in North India, which is rapidly becoming a critical hub for trade and transport. The investment involves ATL acquiring a 7.6% stake in HORCL for Rs 115 crore, with an additional commitment to invest Rs 22.8 crore, by subscribing to equity shares in the future. 

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