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21 Jul 2014 07:00
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
| +44 (0)20 7131 4000 |
Nplus1 Singer Advisory LLP Joint Broker Gillian Martin - Corporate Finance James Waterlow - Investment Fund Sales
| +44 (0) 20 7496 3000 |
Instinctif Partners Financial Public Relations Toby Bates | +44 (0) 20 7457 2020 |
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