CRWC holds its 7th AGM
In its 7th Annual General Meeting, Central Railside Warehousing Cooperation (CRWC) revealed its new initiatives, diversification and expansion plan. The company is set to achieve greater heights in the field of logistics and warehousing sector.
Central Railside Warehouse Company (CRWC) has organised its annual general meeting on August 22, 2014 at PHD House, New Delhi. The meeting was chaired by C.V. Ananda Bose, Chairman, CRWC who highlighted the performance and the achievements of the company.
The company handled a record number of 1,25,700 wagons at its 18 RWCs in the year 2013-14 and turnover has increased to 91.32 crore in the financial year 2013-14 as compared to 83.92 crore in the financial year 2012-13.
K.U. Thankachen, Managing Director, CRWC informed the shareholders about the new initiatives, diversification and expansion plans of the company. “We had initiated various plans to set up warehouses and logistics parks in association with other agencies such as Inland Waterways Authority of India (IWAI), Indian Farmer Fertiliser Cooperative (IFFCO), Dedicated Freight Corridors (DFC) to name a few, through joint ventures and strategic alliances”, he said. He assured the shareholders that the company is set to achieve greater heights in the field of logistics and warehousing.
Construction of a liquid cargo terminal at Kolkata and warehousing facility at Dahej are on the cards and 10 additional terminals are also proposed to be handed over to CRWC for construction of warehouse facilities with temperature controlled storage by Railways.
The CRWC Board at the Annual General Meeting at the PHD Chambers in New Delhi