MOU
BHEL Signs an MoU with CONCOR to jointly set up Rail-based Logistics Facility
New Delhi: Bharat Heavy Electricals Limited (BHEL) and Container Corporation of India Limited (CONCOR) have signed an agreement on 15th July 2019 at New Delhi, to form a Joint Working Group (JWG) named BHELCON, for jointly setting up a Rail-based Logistics Terminal at Haridwar. With this, BHEL is making a strategic entry into a new growth area. This terminal will further be developed into a multi-modal-logistics-facility.
In addition to meeting BHEL’s own requirements, the terminal will also cater to the large number of industries located in the neighbouring SIIDCUL as well as other industrial clusters in the vicinity of the terminal. These industries stand to benefit immensely as the cost of rail transportation is significantly cheaper than transportation by road. Moreover, BHEL’s Haridwar plant is in close proximity to both the upcoming Eastern and Western Dedicated Freight Corridors and advantageously placed to take benefit of these corridors in future.
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