Arshiya plans to invest in rail business

Mumbai: Global logistics and supply chain services company, Arshiya International, said it plans to invest Rs 1,600-crore into its rail business Arshiya Rail Infrastructure.

This capex would be deployed towards acquiring 3,375 wagons (75 rakes plus break vans) and also would be deployed for the building of rail sidings and other necessary infrastructure across the country.

The 75 rakes would be delivered over 18-months, making Arshiya Rail Infrastructure the largest private rail operator in the country by end-2009, the release said.

The first rake is expected to be deployed on November 15 this year.