Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), has acquired a 76% stake in KRIBHCO Infrastructure Limited (KRIL).
KRIL is an Indian integrated multi-modal logistics operator in India, founded in 2009, which operates three major inland container depots/private freight terminals at at Pali, Haryana, Modinagar, Uttar Pradesh and Hazira, Griharat.
Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “In India, we have made strong progress in building an integrated logistics platform which can deliver a competitive solution to cargo owners and we aim to continue adding scale to our offering to deliver greater efficiencies and value to the trade.”
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