First Rake of 270 Cars Set to Arrive at Nagpur MMLP
Nagpur: A railway rake loaded with around 270 cars is set to arrive at the state-of-the-art
Nagpur Multi-Modal Logistics Park
(MMLP) at Sindi in a couple of days, marking the start of commercial operations at the facility.
Delta Corporation Holdings
, a UAE-based leading third-party logistics provider, is developing this ambitious project, which is expected to boost the growth of the Vidarbha region. The company is also eyeing a
reverse merger
with a Nasdaq-listed firm to raise funds for the Nagpur MMLP.
Popularly known as the
Sindi Dry Port
, the Nagpur MMLP is one of the pet projects championed by Union minister for road transport and highways Nitin Gadkari. Delta Corp is in the final stages of completing a reverse merger with Kaival Brands Innovation. This deal will result in both entities becoming wholly owned subsidiaries of a newly formed corporate entity—Delta Corp Holdings Limited (Pubco)—incorporated in the Cayman Islands, said the company's executive director, Tanisha Paliwal.
"The combined entity will be listed on Nasdaq. It will provide Delta Corp with direct access to global institutional and retail investors, helping raise growth capital for the Nagpur project," she explained.
The idea behind establishing a dry port at Sindi is to reduce transportation costs. Although located in Wardha district, the facility is named after Nagpur due to its proximity to the city.
The contract to develop the facility was awarded to Delta Corp as part of the PM Gati Shakti Master Plan, which envisions establishing similar hubs across the country. Delta has entered into a 45-year agreement with the National Highways Logistics Management Limited (NHLML), a subsidiary of the National Highways Authority of India (NHAI), to develop the project. Trial runs have already been conducted. The company has partnered with APL Vascor for the transport of Maruti Suzuki's cars.
Previously, rakes carrying cars used to arrive at a different terminal near Nagpur. With the new arrangement at Sindi, the logistics turnaround is expected to be faster, said the company's executive vice president, Capt Sumanta Das. Regular rake movements are expected to commence soon. A variety of other commodities will also be transported through the Nagpur MMLP, he added.
JPR Balaji Infra is the construction partner for the project. Delta Corporation operates across 16 countries in Asia, Africa, and Europe. Its logistics portfolio includes bulk shipping, marine fuel supply, and multimodal transportation across global supply chains. Operating on an asset-light model, the company plans to further strengthen its position through public-private partnerships, according to a note shared by the company.
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