In a bid to ramp up its container handling capacity by over 50%, Gujarat Pipavav Port is reportedly planning to invest $100 million over the next two years. In this regard, the port has already tied up $70 million in external borrowings, while the rest will come from internal accruals.
The expansion work involves replacing a crane with a more powerful one and constructing a new yard, which will help in expanding the overall capacity. Moreover, all the necessary permissions for the project are in place and it has also achieved a financial closure.
Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations.
Company Name | CMP |
---|---|
Adani Ports &Special | 1331.00 |
JSW Infrastructure | 258.90 |
Gujarat Pipavav Port | 205.90 |
View more.. |