Deltabulk Shipping secures Nagpur MMLP contract with bid of Rs 3.6 bn

23 Nov 2023 CW Team

Additionally, Deltabulk Shipping has committed to sharing an extra 10% of its quarterly revenue with the National Highways Logistics Management (NHLM) if it surpasses the estimated business outlined in the bid. The company anticipates total revenue of Rs 335.97 billion over the 45-year concession period.

MMLP bids are determined based on the minimum guaranteed revenue share, calculated using the net present value discounted at a specified rate quoted by the bidders. J M Baxi Ports & Logistics Ltd, the sole other bidder, proposed a minimum guaranteed revenue of Rs 1694.4 million.

Prakash Gaur, CEO of NHLM, confirmed the awarding of the bid to Deltabulk Shipping. NHLM is a subsidiary of the National Highways Authority of India (NHAI), the country's highway development agency.

Deltabulk Shipping, a third-party logistics company led by Indian-born Mudit Paliwal, is set to invest around Rs 3.6 billion to develop the 150-acre MMLP.

This marks the fifth MMLP project awarded by NHLM, following developments in Chennai, Bengaluru, Indore, and Jogighopa (Guwahati).

Under the PM Gati Shakti National Master Plan (NMP), the Ministry of Road Transport and Highways aims to establish 35 multimodal logistics parks across India, with 15 of them planned within the next three years.

A multimodal logistics park serves as a central hub for cargo consolidation and distribution, utilising various modes of transport to optimise shipments and offer diverse logistics and value-added services.

Typically equipped with intermodal connectivity, such as dedicated railway lines, access to highways, and links to airports, seaports, or inland waterway terminals, MMLPs enhance efficiency in freight handling. These facilities include warehouses, specialised cold chain facilities, and terminals for bulk and break-bulk cargo.

Value-added services provided by MMLPs encompass customs clearance, late-stage processing activities like sorting and grading, and cold storage, offering users flexibility at a centralised location.

Deltabulk Shipping India, the Indian branch of London-based Delta Corp Holdings, secured the contract to develop a multimodal logistics park (MMLP) in Nagpur by offering the highest minimum guaranteed revenue of Rs3.6589 billion for the 45-year term, according to multiple sources. Additionally, Deltabulk Shipping has committed to sharing an extra 10% of its quarterly revenue with the National Highways Logistics Management (NHLM) if it surpasses the estimated business outlined in the bid. The company anticipates total revenue of Rs 335.97 billion over the 45-year concession period. MMLP bids are determined based on the minimum guaranteed revenue share, calculated using the net present value discounted at a specified rate quoted by the bidders. J M Baxi Ports & Logistics Ltd, the sole other bidder, proposed a minimum guaranteed revenue of Rs 1694.4 million. Prakash Gaur, CEO of NHLM, confirmed the awarding of the bid to Deltabulk Shipping. NHLM is a subsidiary of the National Highways Authority of India (NHAI), the country's highway development agency. Deltabulk Shipping, a third-party logistics company led by Indian-born Mudit Paliwal, is set to invest around Rs 3.6 billion to develop the 150-acre MMLP. This marks the fifth MMLP project awarded by NHLM, following developments in Chennai, Bengaluru, Indore, and Jogighopa (Guwahati). Under the PM Gati Shakti National Master Plan (NMP), the Ministry of Road Transport and Highways aims to establish 35 multimodal logistics parks across India, with 15 of them planned within the next three years. A multimodal logistics park serves as a central hub for cargo consolidation and distribution, utilising various modes of transport to optimise shipments and offer diverse logistics and value-added services. Typically equipped with intermodal connectivity, such as dedicated railway lines, access to highways, and links to airports, seaports, or inland waterway terminals, MMLPs enhance efficiency in freight handling. These facilities include warehouses, specialised cold chain facilities, and terminals for bulk and break-bulk cargo. Value-added services provided by MMLPs encompass customs clearance, late-stage processing activities like sorting and grading, and cold storage, offering users flexibility at a centralised location.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..