Apollo LogiSolutions, India Glycols to build container depot.

Apollo LogiSolutions (ALS), an Apollo International-promoted company, has entered into a joint venture with India Glycols, a listed company, to set up an inland container depot (ICD) at Kashipur in Uttarakhand at an estimated project cost of Rs. 90 crore.

ALS will have 51 per cent stake in the project, while India Glycols will have 49 per cent stake, including the cost of land, which it owns, Raaja Kanwar, Vice-Chairman and Managing Director, Apollo International, told BusinessLine.

HBL