7TH AGM OF CENTRAL RAILSIDE WAREHOUSE COMPANY LTD. HELD

New Delhi: The 7th Annual General Meeting of Central Railside Warehouse Company Limited was held on 22.08.2014 at PHD house New Delhi. It was chaired by Dr.C.V.Ananda Bose, chairman, CRWC, who highlighted the performance and the achievements of the Company.CRWC handled a record number of 1,25,700 wagons at its 18 RWCs in the year 2013-14 ,The turnover of the company increased to Rs.91.32 Crores in the financial year2013-14 as compared  to Rs.83.92 Crores  in  the financial year 2012-13. The profit before tax increased from Rs.24.47 Crores to Rs.27.94crores in financial year 2013-14. The company has paid of Rs.6.08 Crores to CWC for the year 2013-14.

Sh. K.U.Thankachen, Managing Director, CRWC informed the shareholders about the new initiatives, diversification and expansion plans of the Company. The Company has initiated various plans to set up/operate warehouses and logistics parks in association with other agencies such as IWAI,IFFCO, DFC through joint ventures and strategic alliances. Construction of a liquid cargo terminal at Kolkata and warehousing facility at  Dahej are on the cards.10 additional terminals are also proposed to be handed over to CRWC for construction of  warehouse facilities with temperature controlled storage by Railways.   He assured the shareholders that the company is set to achieve greater heights in the field of Logistics and warehousing.He expressed his gratitude to the Dept. of Food & Public Distribution, Indian Railways, Central Warehousing Corporation and other stakeholders. who continued to repose their faith and trust in the management.