Transafe invests Rs 100 Cr to enhance its capacity building

Kolkata, Oct 16 (UNI) Transafe Services Ltd, India's premier multi-modal logistic equipment provider, is all set to produce 1500 containers per month with three new manufacturing units with an investment of Rs 100 crores.

Announcing TSL's expansion plan, managing director Gopal Mukherjee today said since India specific demand was growing rapidly, particularly from Indian Railways, the company was setting up three factories at--Daruhera in Haryana, Kharagpur in West Bengal and Coimbatore in Tamil Nadu--for enahancing capacity building to 1000 containers per month from this fiscal.

TSL, a joint venture between Balmer Lawrie&Co ltd and ICICI Ventures, is a pioneer in door-to-door container service of refrigerator and dry container.

It has posted 100 per cent increase in its turnover during 2006-07 and was expected to reach Rs 100 crore turnover by end of this fiscal.

"TSL has already purchased land and obtained approvals for setting up three new Creative Container manufacturing units to increase its capacity four-fold to touch the 1000-1500 containers per month figure", said Mr Mukherjee.

The custom built containers will be manufactured for oil exploration, EPC, defence, space research companies as well as for companies requiring refrigerated containers for movement of perishables.

Currently, the TSL produces some 300 containers at its Howrah, New Delhi and Coimbatore facilities but the demand for India specific containers, both dry and refrigerated, was growing by leaps and bounds, he added. He predicted a 40 to 50 per cent growth in demand in near future, especially from private railway operators in the country.

TSL has four strategic business units, primarily built around the main containers, the oldest being Indian container leasing which has 90 per cent of the market share.

UNI