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Apollo LogiSolutions and Singamas Container Holdings have formed a Joint Venture for liquid logistics operations in India.
This will entail the movement of liquids, primarily chemicals, either by rail or road, operation and management of movement of liquid tanks, their maintenance and cleaning. Apollo LogiSolutions Limited will hold 70% stake in this joint venture while the rest will be held by its partner.
The joint venture ‘ALS Singamas Logistics Ltd’, will invest over Rs300 crores over the next three years to develop an ecosystem and deliver value to its customers, Apollo chairman Raaja Kanwar informed.
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