DP World, NIIF to buy Kribhco

DP world, NIIF to buy Kribhco

Global port operator DP World Ltd in partnership with India’s National Investment and Infrastructure Fund Ltd (NIIF) will buy controlling stake for close to Rs 1,000 crore in Kribhco Infrastructure Ltd (KRIL), which has a license from Indian Railways to run container trains pan India. Kribhco Infrastructure is a fully-owned rail logistics unit of fertiliser making cooperative society Krishak Bharti Cooperative Ltd (Kribhco). The deal intensifies consolidation in container train logistics segment. KRIL offers multi-modal logistics services from its terminals/inland container depots at Hazira (near Surat in Gujarat), Hindaun City (Karauli) in Rajasthan, Pali (Rewari) in Haryana, Mohiuddinpur (Modinagar) in Uttar Pradesh and Timmapur near Hyderabad (joint venture with CMTL). It runs eight railway rakes and 1,350 containers.

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