Reliance logistics form JV with CONCOR
Reliance logistics form JV with CONCOR Reliance Logistics (RLPL), and the public sector Container Corporation of India (CONCOR) formed a 51:49 joint venture (JV) company to provide end-to-end logistics solutions to manufacturers, traders and retailers across the country, reports Business Standard. >Christened “Infinite Solutions“; the new JV company will provide customized and standard container transportation by road and rail, distribution and related ancillary services. The company is intending substantial investments i n trucking, warehousing and material handling equipment assets.
RLPL is an associate company of Reliance (Q, N,C,F)* Industries
Reliance Industries announced a good increase in net profits for the quarter ended June 2007. During the quarter, the company saw a 28.15% rise in profits to Rs 32.640.00 million from Rs 25.470.00 million in the corresponding quarter last year.
Reliance Logistics, a part of the Reliance Group of Companies, is engaged in logistics for customers looking at outsourcing their logistics needs to suit their specific requirements. The Reliance logistics network is supported by warehouses and transshipment centers at strategic locations, suitable fleet of vehicles, experienced personnel and intense information technology base (supported by reliable Reliance Group network) and other related infrastructure.
Shares of the company closed up Rs 82.3, or 3.62%, at Rs 2,356.7. The total volume of shares traded at the BSE w as 789,862. (Monday).
