+
Deltabulk Shipping secures Nagpur MMLP contract with bid of Rs 3.6 bn
PORTS & SHIPPING

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

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.

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.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?