Caravel Logistics Pvt Ltd plans to invest around Rs 150 crore for acquiring ships, setting up container freight stations (CFSs) and buying rail rakes. The company proposes to buy a ship in the next three months and will add another two in the following fiscal, with a capacity of 800-1,000 twenty foot equivalent units (TEUs).

The company plans to invest around Rs 25 crore to set up its first CFS between Chennai and Ennore on 15 acres of land. The CFS, which is expected to commence operations in November, would handle 3,000-3,500 TEUs in the first year. Other CFSs would come up in Tuticorin, Mundra, Ludhiana and Delhi between 2010 and 2013.

The company would launch its first service between Mundra and Ludhiana to cater to Dubai cargo which is likely to commence in November 2010. The company plans to invest around Rs 45 crore to acquire railway rakes. It would also go public once it reaches its target. The proposed investments will be funded through internal accruals and debt.