Logistics firm Transport Corporation of India is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal, as per a released with daily. Of the total capital expenditure (Capex), the company is expected to spend Rs 100-125 crore on ships and containers.
The company also said that it is looking at around 12-15 per cent growth in topline and 20 per cent growth in the bottom-line. “We are looking at a Capex of around 250 crore in the next financial year. Of this, about Rs 100-125 crore will be spent on ships and containers and, of course, some amount – may be another Rs 30-50 crore – on trucks. Then, we will also spend on building warehouses…which should be about another Rs 75 crore,” TCI Managing Director Vineet Agarwal said.