India, Oct. 14 -- Navkar Corporation Ltd has received a Letter of Acceptance from the Office of the Senior Divisional Commercial Manager (Sr. DCM), Commercial Department, Salem Division, Southern Railway, for the construction and operation of a Gati Shakti Multi-Modal Cargo Terminal at Kulipalaiyam railway station in Tamil Nadu.
The proposed terminal will be developed entirely on railway land along the Uttukuli–Tiruppur section. The contract is valued at approximately Rs 48 crore, although the final amount may vary depending on the terms of the agreement to be executed with Southern Railway.
Under the terms outlined in the acceptance, Navkar Corporation will be required to complete construction of the cargo terminal within 18 months...