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

17 Jun 2022 CW Team

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

Infrastructure Energy

22 Oct 2025

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Infrastructure Urban

22 Oct 2025

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Infrastructure Energy

22 Oct 2025

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..