JM Baxi ports to bid for port associated projects worth Rs 7,000 crore
PORTS & SHIPPING

JM Baxi ports to bid for port associated projects worth Rs 7,000 crore

In the next five years, JM Baxi Ports & Logistics Limited (JMBPLL), an integrated marine logistics services provider, plans to bid for several forthcoming ports and associated projects totalling 7,000 crore, including rail linkages, warehouses, highways, and cold chain facilities.

Dhruv Kotak, managing director of JMBPLL, told the media that the Government of India's (GOI) National Monetisation Pipeline is lining up 30-to-40 projects in the next 3-to-5 years.

The bidding opportunity for emerging projects for the privatisation of major ports (including on a BOT basis) will be worth around 20,000 crore, he said, citing GOI initiatives such as the National Infrastructure Pipeline and National Monetisation Pipeline, PM Gati Shakti, and the PLI scheme.

Kotak said that they want to bid for big port projects for anywhere between 3,000 and 5,000 crores out of this huge pie, adding that the bids will be subject to several feasibilities and competitive bidding requirements.

He added that JMBPLL plans to bid an additional 1,500 to 2,000 crore in largely brownfield projects in the port-linked land infrastructure sector over the next five years.

He said that the projected investment in these projects would be funded by a combination of loans, internal accruals, and even the capital market.

The company is planning a 2,500 crore Initial Public Offering (IPO) in which private equity firm Bain Capital would leave partially. During the pandemic, Bain Capital spent Rs 1,500 crore on the firm.

The IPO will include a new issue for organic development efforts, such as building a solid balance sheet that anticipates future growth opportunities.

With five ports and four logistical assets, the firm provides specialised logistics solutions to a variety of stakeholders. It plans to have one complete port terminal staffed entirely by women.

Paradip port, India's second-biggest multifunctional major port and Odisha's first container handling facility with great development potential, is being expanded by JMBPLL. It has increased capacity utilisation to 70% and currently only handles clean goods and containers at Paradip.

Image Source

Also read: India’s total merchandise exports to be at $117.2 bn in Q1 FY23

In the next five years, JM Baxi Ports & Logistics Limited (JMBPLL), an integrated marine logistics services provider, plans to bid for several forthcoming ports and associated projects totalling 7,000 crore, including rail linkages, warehouses, highways, and cold chain facilities. Dhruv Kotak, managing director of JMBPLL, told the media that the Government of India's (GOI) National Monetisation Pipeline is lining up 30-to-40 projects in the next 3-to-5 years. The bidding opportunity for emerging projects for the privatisation of major ports (including on a BOT basis) will be worth around 20,000 crore, he said, citing GOI initiatives such as the National Infrastructure Pipeline and National Monetisation Pipeline, PM Gati Shakti, and the PLI scheme. Kotak said that they want to bid for big port projects for anywhere between 3,000 and 5,000 crores out of this huge pie, adding that the bids will be subject to several feasibilities and competitive bidding requirements. He added that JMBPLL plans to bid an additional 1,500 to 2,000 crore in largely brownfield projects in the port-linked land infrastructure sector over the next five years. He said that the projected investment in these projects would be funded by a combination of loans, internal accruals, and even the capital market. The company is planning a 2,500 crore Initial Public Offering (IPO) in which private equity firm Bain Capital would leave partially. During the pandemic, Bain Capital spent Rs 1,500 crore on the firm. The IPO will include a new issue for organic development efforts, such as building a solid balance sheet that anticipates future growth opportunities. With five ports and four logistical assets, the firm provides specialised logistics solutions to a variety of stakeholders. It plans to have one complete port terminal staffed entirely by women. Paradip port, India's second-biggest multifunctional major port and Odisha's first container handling facility with great development potential, is being expanded by JMBPLL. It has increased capacity utilisation to 70% and currently only handles clean goods and containers at Paradip. Image Source Also read: India’s total merchandise exports to be at $117.2 bn in Q1 FY23

Next Story
Resources

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city’s architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals—away from the typical conference setup. The eveni..

Next Story
Resources

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director – HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele’s wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele’s full portfolio—includi..

Next Story
Resources

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India’s fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?