NTC Group launches two new entities

Logistics firm NTC Group Friday said it has launched two new verticals -- SCINNTC and Everenew Energy Pvt Ltd -- and has set a target revenue of Rs 900 crore over the next 7-8 years. The Tamil Nadu-based firm launched SCINNTC and said it has invested heavily in excess of five million square feet in the warehousing segment.

SCINNTC provides cost-effective returnable packaging solutions. It would also offer services across various industry segments including automobile, life science, healthcare, energy, consumer and Fast Moving Consumer Goods. SCINNTC has set a target revenue of Rs 500 crore in five years, a company statement said.

EVERENEW Energy Pvt Ltd offers project management solutions to the renewable industry. Besides, it would also offer build projects from scratch to completion. Service offerings of EVERENEW Energy include identification of land, data analysis to ascertain project viability, permits and approvals, movement of equipment, installation and commissioning. The NTC Group through EVERRENEW Energy has aimed at achieving a turnover of Rs 400 crore in three years, it said.