Allcargo Terminals Limited (ATL) has announced plans to invest ₹115 crore for a 7.6% stake in Haryana Orbital Rail Corporation Limited (HORCL). This investment is aimed at securing optimal rail connectivity for its Multi-Modal Logistics Park (MMLP) in Farukhnagar, which is expected to be completed by March 2026. The investment will be funded through long-term debt and is a strategic move to enhance ATL’s service offerings and expand its footprint in the logistics sector.
HORCL’s project involves constructing an electrified double broad-gauge rail line connecting key hubs, including the Dedicated Freight Corridor (DFC), which will play a pivotal role in improving the efficiency of export-import (EXIM) trade. The Farukhnagar MMLP will benefit significantly from direct DFC connectivity, accelerating goods movement and improving ATL’s competitive position in the market.
This strategic partnership underscores ATL’s commitment to expanding its infrastructure and ensuring seamless rail connectivity for its growing operations
