Moneycontrol PRO
HomeNewsBusinessCompaniesAhmedabad facility to help save Rs 9-10 cr of haulage costs: Gateway Rail Freight

Ahmedabad facility to help save Rs 9-10 cr of haulage costs: Gateway Rail Freight

March 31, 2017 / 15:43 IST

Gateway Distriparks' Ahmedabad arm has been commissioned to handle container traffic for Western Railway.

Sachin Bhanushali, President, Gateway Rail Freight said the facility would help them to reduce cost and get more business in Gujarat.

Currently, the company pays a rail haulage of Rs 450 crore annually to Indian Railways, the above facility will be able to save about 2  percent that is it will reduce our cost by Rs 9-10 crore annually.

For the development of this facility, the company has already done an investment of Rs 100 crore and will do an incremental investment of Rs 15-20 crore.

Watch video, for the full interview

first published: Mar 31, 2017 02:34 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347