Sical Logistics Ltd has initiated work on the Nagpur Sical Gupta Road Terminal with the groundbreaking ceremony at the road terminal site at the Multimodal International Hub Airport at Nagpur (MIHAN).
A special purpose vehicle, Nagpur Sical Gupta Road Terminal Ltd (NSGRTL), comprising of Sical with 51% stake, MADC with 26% stake and Gupta Coal with 23% stake, will build, operate and manage the road terminal.
The total project cost is estimated to be Rs 119.3 crore, with a debt equity ratio of about 1:1. The road terminal will stretch across a 60 hectare plot and have parking facilities for 1,150 vehicles including multi-axle vehicles, warehousing space of 0. 5 million sq ft, 15 hectares of open plots and 45000 sqft of cold storage area.
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