TCI Seaways acquisition of fifth vessel
TCI Seaways, the shipping arm of Transport Corporation
of India, announced on 21st March 2007, its acquisition of
a fifth vessel, TCI Surya. The 312-TEU capacity (4,508
dwt) vessels, also capable of handling project cargoes
with the help of a 40-tonne crane on board as well as 60
reefer containers, will be deployed on the coast and also
to serve ports in the SAARC countries.
TCI-HR Meet
The TCI-HR Meet for all OEM's were held from 10th-12th November 2006 at Hotel Queens Residency, Gurgaon. Mr. D. P. Agarwal, Mr. Vineet Agarwal, Mr. O. P. Jain, Mr. K. Prabhakar, Mr. Jasjit Sethi and Mr. M. P. Sarawagi addressed the participants giving their valuable inputs, direction and areas of focus.
XPS Partcipated In Annual Conference of CSCMP 2006
XPS participated in the Annual Conference of CSCMP 2006 (Council of Supply Chain Management Professionals 2006), which was held between 15th-18th October 2006 in San Antonio, Texas, US. The Conference was attended by Mr. Chander Agarwal, Executive Director, Mr. Ajit Singh, Vice President - XPS (Mumbai) and Mr. Rakesh Singh, Regional Manager - XPS (Courier-Mumbai).
TCI Seaways Merger With TCI
TCI has merged its shipping subsidiary, TCI Seaways Ltd, with itself.
“The merger is part of the exercise to raise overall credit worthiness of the company and get access to loans at better rates required for its Rs 450-crore expansion plan,” Vineet Agarwal, executive director, TCIL told ET.TCI Seaways has a fleet of four cargo ships and reported a profit of Rs 10.70 crore during the last fiscal. “As a result of the merger, earning per share of TCIL will increase from Rs 15.27 to Rs 19.78. The exchange ratio for shareholders will be three shares of TCI Seaways in exchange for two TCIL shares,” Mr Agarwal said
TCIF Brokers Strategy
The TCIF Brokers Strategy Census has been completed at all the existing intervention locations. Extension clinics have been set up, involving 6 Brokers (from the census) at SGTN & Ghaziabad. Broker Strategy would be rolled out at Kanpur, Nagpur, Indore, Nelamangala & Pune by the end of July 06. Other locations (Hyderabad, Jaipur, Kalamboli, Agra, Varanasi, Jamshedpur, Hubli) will follow suit.