Fourcee is embarking on $132-million capital expenditure in fiscal 2013 and 2014 that would see an increase in its container and rake capacity
Fourcee Infrastructure Equipments Pvt Ltd, a liquid logistics company, is planning to raise around $25 million from the International Finance Corporation to support its capex of around $132 million.
Fourcee transports non-POL (petroleum-oil-lubricants) liquids such as chemicals, petrochemicals and molasses in internationally certified (ISO) tank containers over the railway network. The company provides transportation through special types of containers, which can be loaded and unloaded on the railway rakes, trucks and ships on a door-to-door basis.
Fourcee is embarking on $132-million capital expenditure in fiscal 2013 and 2014 that would see an increase in its container and rake capacity.
According to IFC, the project will encourage private sector participation in the rail logistics sector to augment operations of the Indian Railways, encourage shift of cargo to rail, which is environmentally-friendly and fuel-efficient over certain distances and, will increase provision of logistics infrastructure to serve clients in low income states.