Year: 2021

Pristine Logistics acquires Reliance Infra’s CTO licence

Pristine Logistics & Infraprojects Pvt Ltd, a Delhi-based infra-logistics player, has announced that it has bought the Rs 50 crore, all-India container train operator (CTO) licence of R-Infra, the Anil Ambani-led company, last week.

Founded by Mr Amit Kumar and Mr Rajnish Kumar, along with Mr Sanjay Mawar and Mr Durgesh Govil, Pristine operates three rail terminals, in Kanpur, Ludhiana and Patna.

India Ratings Assigns Pristine Mega Logistics Park ‘IND A-‘; Outlook Stable

Analytical Approach: Ind-Ra has excluded short-term loans extended by Pristine Logistics & Infraprojects Private Limited (PLIPL; holds 100% stake in PMLPPL), as such loans are interest-free and do not have a repayment schedule. Ind-Ra derives strong comfort from the healthy financial flexibility of PLIPL, in which Global Infrastructure Partners India is a major shareholder. This financial flexibility has enabled PLIPL to raise funds at regular intervals and support PMLPPL’s operations.

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