TCI lines up Rs 250 cr capital expenditure for FY23

Transport Corporation of India (TCI) is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal. Of the total capital expenditure (Capex), the company is expected to spend Rs 100-125 crore on ships and containers, said the statement. 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 Rs 250 crore in the next financial year. Of this, Rs 100-125 crore will be spent on ships and containers and, may be another Rs 30-50 crore on trucks. Then, we will also spend on building warehouses.