Shri Kailash Logistics To Make Rs 750-Cr Investment in Chennai
Shri Kailash Logistics Limited (SKLL) is well on its way to execute its broad expansion plans. They’re in talks with a couple of PE players to raise the necessary resources for expansion. SKLL’s motivation for this is simple – they want to quickly establish themselves among the very best in logistics in India.
SKLL’s immediate plan is to expand its logistics park at Oragadam, near Chennai. They’re planning to raise Rs 200 crore through the private equity (PE) route. They’ve gotten in touch with PE players, but the deal hasn’t reached its conclusion. In its bid for expansion, SKLL plans to build logistics parks at Bangalore and Coimbatore next. They’ve identified land for this purpose already.
Part of the Chennai-based Kailash Group, Shri Kailash Logistics Limited has interests in real estate and the paper industry, besides logistics. Their 60-acre logistics park in Oragadam is the first of its kind. A 1.5 million sq ft warehousing service space, complete with inbuilt infrastructure and modern facilities, would also be developed on the land, which will be completely utilised by 2016. All pending development will occur in the second and third phases.
Source: Business Standard
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