New Delhi September 26, 2006: Transport Corporation of India Ltd., India’s
largest integrated supply chain and logistics solutions provider, announced
the completion of the merger process of TCI Seaways Ltd (TCISL), an unlisted
group company engaged in Coastal and International cargo movement. Post
merger the performance of the erstwhile TCISL will be reported under the
newly formed “Shipping Division” of the company.
Commenting on the merger, Mr Vineet Agarwal, Executive Director, said, “With
the merger of TCI Seaways, we have become an all-encompassing Group offering
multi modal logistics solutions to our customers, via- road, air, sea, rail.
It has also strengthened our position as an integrated supply chain and
logistics solutions provider in the country. Our shipping business has been
consistently showing impressive growth and we plan to make it one of the key
focus areas of our business”. |
