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Adani Logistics to form JV with NYK Auto Logistics

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Capital Market

To provide Automobile Freight Trains for transportation of finished vehicles

Adani Logistics, subsidiary of Adani Ports & Special Economic Zone has signed an agreement with NYK Auto Logistics to form a joint venture which specialises in transportation of finished vehicles using Automobile Freight Trains, and concluded an agreement for the establishment of this joint venture.

This JV Company will participate in AFTO Policy of Ministry of Railways and offer its Automobile Freight Trains for transporting vehicles across India in more efficient manner and will contribute towards 'green' India.

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First Published: Jul 16 2018 | 6:57 PM IST

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