Vision
To provide Multi Modal Logistics to the trade and support Indian economy in reducing logistics cost.
Mission
To provide efficient rail based total logistic solutions, leveraging economy of scale to the advantage of all stakeholders.
Brief Profile
Central Railside Warehouse Company Limited (CRWC) a Mini-Ratna, Category-II, Public Sector Enterprise was incorporated on 10.07.2007 under the Companies Act, 1956. CRWC is also registered as medium scale enterprise under MSME Act 2006 in 2019.The Company constructs and managesrailside warehouse complexes across India under the MOU with Ministry of Railways, Government of India.
CRWC aims to develop dedicated rail handling facilities (adjoining rail sidings) giving a boost to rail freight and in facilitating logistics requirement of its customers. Its objective is to promote the business of multimodal transport operations and aggregation/disaggregation of cargo for both domestic and impex movement.
CRWC has been providing integrated warehouse management and related logistic services, thereby, increasing overall efficiency, cost optimization, prevention of damages/pilferage, reduction in detention time of rakes and improved quality of service all under one roof.
The authorized and paid-up share capital of CRWC is Rs.150 Cr. and Rs 40.56 Cr respectively. The entire paid-up share capital is presently being held by Central Warehousing Corporation.
Warehouses and capacity
CRWC has 20 Railside warehouse complexes with a total operational storage capacity of 3.55 LMT and rated capacity of 2.59 LMT. Three more Railside warehouse complexes are under construction. CRWC is also providing efficient rail based total logistics solution, leveraging economy of scale to the advantage of all stakeholders.
Revised Tripartite MoU with Ministry of Railways
The Tripartite MoU with Ministry of Railways dated 22.04.2013 has been revised on 14.5.2021, which provides wider scope for expansion and growth to CRWC.
Ministry of Railways vide its letter dated 2012/TC(FM)/23/09 dated 08.04.2022 hasapproved following ten locations for development of Railside Warehouse Complexes:-
(i) Nandganj, Varanasi, UP
(ii) Chariali, Assam
(iii) Dohna, UP
(iv) Asarwa, Ahmedabad
(v) Jagannathpur, Orissa
(vi) Cuttack, Orissa
(vii) Changra Bandha, West Bengal
(viii) Hasimara, West Bengal
(ix) Jirania, Tripurs and
(x) Vatva, Gujrat
MoU with Konkan Railways Corporation Limited (KRCL)
Another tripartite MoU signed amongst CRWC, CWC and KRCLwas signed on 04.03.2022 for development and maintenance of goodsheds and Railside WarehouseComplexes (RWCs) on the lands owned and controlled by KRCL at various railway stations/ goodsshedas well as at other locations (within goods-shed/ nearby area) for meeting the logisticsrequirement of its customers and to provide better services.
List of 12 locations under KRCL are asfollows:
(i) Chiplun, Maharashtra
(ii) Ratnagiri, Maharashtra,
(iii) Zarap, Maharashtra
(iv) Khed, Maharashtra
(v) Karanjadi, Maharashtra
(vi) Verna, Goa
(vii) Karwar, Karnatka
(viii) Ankola, Karnatka
(ix) Udupi, Karnatka
(x) Thokur, Karnatka
(xi) Surathkal, Karnatka
(xii) Indapur, Maharashtra
MoU with Arunachal Pradesh Agriculture Marketing Board (APAMB)
CRWC had also signed MOU with APAMB, Govt. of Arunachal Pradesh for setting up of FARM GATELogistics in Arunachal Pradesh in three Districts of Arunachal Pradesh viz.Lower Subansiri, Changlang and Lohit.CRWC has received ₹ 1.50 Crore from APAMB towards capital investment for the implementation of the project.The project is under implementation.
Financial Performance
The financial performance of the Company for the FinancialFY 2021-22 is as under:
Rs. In Cr.
|
Particulars |
FY 2022-23 (Up to Sep 2022) |
FY 2021-22
|
FY 2020-21
|
|
Total turnover |
66.49 |
128.55 |
98.13 |
|
Profit Before Tax |
20.78 |
42.54 |
25.91 |
|
Profit After Tax |
15.56 |
31.65 |
19.37 |
|
Dividend Declared |
- |
9.50 |
7.50 |
Merger of CRWC with CWC
In June 2021, Cabinet has approved merger of CRWC with CWC and the same is under implementation by way of transfer all assets & liabilities through slump sale.