In a significant recent development, two major PSUs – Container Corporation of India (CONCOR) and Bharat Heavy Electricals Limited (BHEL) – signed MoU to jointly set up a rail based logistics terminal at Haridwar. As part of the agreement, a joint working group BHELCON will be formed with equal financial participation by CONCOR and BHEL. The deal marks BHEL’s entry into a new strategic area.
“Besides meeting BHEL’s own requirements, this terminal would cater to the large number of industries located at neighbouring SIIDCUL as well as other nearby industrial clusters. These industries would benefit as the cost of rail transportation is significantly cheaper than transportation by road. Moreover, the Haridwar plant is in close proximity to both the upcoming Eastern and Western Dedicated Freight Corridors and advantageously placed to take benefit of these in future,” CONCOR said in a press release.
BHEL has one of its largest manufacturing units at Haridwar, Uttarakhand since 1967. It has now three manufacturing units and one research centre in the state.