BHEL, CONCOR tie up for rail-based logistics terminal at Haridwar

Bharat Heavy Electricals Limited (BHEL), state-owned notifies that it has entered an agreement with Container Corporation of India (CONCOR) to set up a rail-based logistics terminal at Haridwar.

Utilising BHEL's strategic location and CONCOR’s expertise in logistics, the two companies have signed an agreement to form a joint working group named BHELCON. The main purpose of this joint venture will be jointly setting up a rail-based logistics terminal at Haridwar.

This terminal will be further than be developed into a multi-modal logistics facility.

The terminal will fulfil the requirement of the large number of industries located in the neighbouring SIIDCUL (State Infrastructure and Industrial Development Corporation of Uttarakhand Ltd) as well as other industrial clusters in the vicinity along with BHEL’s own requirement.

These industries will benefit enormously as the cost of rail transportation is significantly less than the cost of transportation by road. Furthermore, BHEL’s Haridwar plant is in close vicinity to the upcoming Eastern and Western Dedicated Freight Corridors which will be of further benefit to the PSU.

BHEL has one of its biggest manufacturing units at Haridwar, Uttarakhand, since 1967 and now has three manufacturing units and one research centre in the state.

CONCOR which is under Ministry of Railways, owns a network of 83 terminals situated across the country. It also holds ownership of more than 300 rakes for container transportation.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.