Aditya Birla plans central unit to ship cargo

Aditya Birla plans central unit to ship cargo

Bangalore: The Aditya Birla Group is working on a plan to set up a centralized wing tasked with hiring ships to import and export cargo as it looks to synergize this operation and save costs. Currently, each group company has its own ship chartering department. “ The plan is at a conceptual stage," said a person familiar with the development, on condition of anonymity. The group’s cargo requirement is about 20 million tonnes a year and arrangements for shipping these are carried out by individual firms within the group.

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