With a proven track record of high service deliverables, Sravan Logistics services standards are benchmarked against international facilities. Our streamlines procedures, systems and standardized procedures in handling project cargo, freight forwarding and warehousing and efficient use and maintenance of equipment, ensure smooth operations and flow of containers. IT enabled processes with complete documentation and billing counters, which aid in creating value added services.
The turbulent shaping businesses in today's always-on global marketplace promise to accelerate that ongoing evolution. In that context, I've put together a list of what I believe will be the top priorities for strategic initiatives and endeavours for business excellence in the next 5 to 10 years.
Our Company's focal objective is to maintain its temp of steady and positive growth in terms of volume of work, turnover and profit, irrespective of the changing environment. Keeping in mind these words of wisdom, we at Sravan Shipping Services Private Limited has kept themselves focused on positive growth with invaluable support of our existing customers.
For expansion, of course, financial requirements is part and parcel of ever growing organization in the contemporary era with having professional ambiance to sustain growth and expand our reach to serve and retain our beloved customers in every nook and corner of the universe not only for service but excellence too. At the same time, we intend to make sure that our organization is constantly adapting to meet the needs of modern society by using our comprehensive strengths and progressive business models.
As part of this, we have decided to launch a new infrastructure projects in future like another Container Freight Station and Free Trade Warehousing Zone, for which the approvals are under process from the Ministry of Commerce, Government of India. Our core competitive strength is our ability to respond flexibly as a group to changes in the business environment, and we will continue to closely monitor our position and direction.
For that, we are also intends to invest Rs. 135 crore over the next two years Container Freight Station at the Port cities of Kakinada and Krishnapatnam in the state of Andhra Pradesh. The company will initially start the work on the terminal at Krishnapatnam port and the project will be ready by 2014 end. The handling capacity at the Kakinada CFS would be 1, 00,000 TEUs (twenty foot equivalent units) per year and 1, 20,000 TEUs at Krishnapatnam. While the Krishnapatnam project will involve an investment of Rs. 75 crore, the Kakinada CFS will require Rs. 60 crore. Sravan Shipping Services Private Limited handled 70,000 TEUs at Visakhapatnam Container Freight Station in the financial year 2012-13 as against 56,259 TEUs in the preceding year. In the current financial year, it is targeting to handle more than 75,000 TEUs at the Vizag CFS.