Gujarat Pipavav Port to invest $100 million to ramp up container handling capacity: Report

04 Aug 2014 Evaluate

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.

Gujarat Pipavav Port Share Price

194.75 -2.60 (-1.32%)
28-May-2024 15:48 View Price Chart
Peers
Company Name CMP
Adani Ports &Special 1400.70
JSW Infrastructure 287.60
Gujarat Pipavav Port 194.75
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