Gateway Distripaks - Concor JV

Gateway Distriparks Ltd has informed that the Company's subsidiary, Gateway Rail Freight Ltd (GRFL) had signed an agreement with Container Corporation of India Ltd (CONCOR) in March 2007 to form a joint venture Company (JVC) and operate the rail-linked inland container depot (ICD) at Garhi Harsaru, Gurgaon.

The parties to the above agreement reached closure of the terms of the agreement and the JVC, Container Gateway Ltd (CGL) has become operational with effect from December 01, 2007.

GatewayRail and CONCOR have shareholding in the ratio of 51:49 respectively in Container Gateway Ltd.