The firm plans to spend up to 400 million rupees to add between 100-150 trucks and an equivalent amount to expand its warehousing facilities across India, Chander Agarwal, executive director, said.
The firm also plans to spend up to 250 million rupees to add a seventh ship to its fleet this year, he said.
It needs to raise around 650 million rupees through equity, which will be used for funding projects of its sister firm TCI Developers Ltd but was yet to obtain board approval for the fund raising, he said. (Reuters)