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NewDelhi : Heavy Electricals Limited (BHEL) and Container Corporation of India Limited (CONCOR) have signed an agreement to form a Joint Working Group (JWG) named BHELCON, for jointly setting up a Rail-based Logistics Terminal at Haridwar. With this, BHEL is making a strategic entry into a new growth area. This terminal will further be developed into a multi-modal-logistics-facility.

In addition to meeting BHEL’s own requirements, the terminal will also cater to the large number of industries located in the neighbouring SIIDCUL as well as other industrial clusters in the vicinity of the terminal. These industries stand to benefit immensely as the cost of rail transportation is significantly cheaper than transportationby road. Moreover, BHEL’s Haridwar plant is in close proximity to both the upcoming Eastern and Western Dedicated Freight Corridors and advantageously placed to take benefit of these corridors in future.

BHEL has one of its largest manufacturing units at Haridwar, Uttarakhand, since 1967 and now has three manufacturing units and one research centre in the state. CONCOR, under the Ministry of Railways, has a network of 83 terminals located across the length and breadth of the country, owns more than 300 rakes for container transportation.