Step-down subsidiary gets ESP approval for Gati Shakti Cargo Terminal at Ajhai
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Repono Mathura Terminals Pvt Ltd, a step-down subsidiary of Repono Ltd, received approval from North Central Railway, Agra Division for its revised Engineering Scale Plan (ESP) to set up a Gati Shakti Cargo Terminal (GCT) at Ajhai Station on the MTJ-PWL section in Uttar Pradesh. The subsidiary now needs to deposit Rs 10 lakh as security money to get permission to begin construction. The project is still in the pre-construction phase.
Positive regulatory milestone moving the GCT project forward, but construction has not yet started and revenue impact is pending further clearances.