SPM Port Authority's Berth Privatisation Gains Momentum
PORTS & SHIPPING

SPM Port Authority's Berth Privatisation Gains Momentum

The SPM Port Authority's plans to privatise cargo berths have gained traction with Bothra Shipping and Ripley & Co. submitting bids for the Haldia Dock Complex (HDC) facility. This move marks a significant step in enhancing operational efficiency and attracting private investment.

The HDC facility, known for its strategic importance in cargo handling, is set to benefit from improved management and infrastructure through privatisation. Bothra Shipping and Ripley & Co. are well-established players in the shipping and logistics sector, bringing expertise and innovation to the table.

Privatising cargo berths is expected to boost the port's overall capacity and streamline operations, addressing existing bottlenecks. This initiative aligns with the government's focus on enhancing port infrastructure and increasing competitiveness in the global maritime market.

Industry experts believe that involving private entities will lead to better resource utilisation and increased cargo throughput. The partnership with experienced firms like Bothra and Ripley is anticipated to improve service quality and attract more business to the port.

The bids underscore the growing interest of private companies in Indian port infrastructure, driven by the potential for growth and profitability. The move is part of a broader strategy to modernise ports and facilitate seamless trade operations.

As the process advances, stakeholders are optimistic about the positive impact on the regional economy, including job creation and increased trade volumes. The successful privatisation of the HDC facility could serve as a model for similar initiatives across the country, contributing to India's maritime growth.

The SPM Port Authority's plans to privatise cargo berths have gained traction with Bothra Shipping and Ripley & Co. submitting bids for the Haldia Dock Complex (HDC) facility. This move marks a significant step in enhancing operational efficiency and attracting private investment. The HDC facility, known for its strategic importance in cargo handling, is set to benefit from improved management and infrastructure through privatisation. Bothra Shipping and Ripley & Co. are well-established players in the shipping and logistics sector, bringing expertise and innovation to the table. Privatising cargo berths is expected to boost the port's overall capacity and streamline operations, addressing existing bottlenecks. This initiative aligns with the government's focus on enhancing port infrastructure and increasing competitiveness in the global maritime market. Industry experts believe that involving private entities will lead to better resource utilisation and increased cargo throughput. The partnership with experienced firms like Bothra and Ripley is anticipated to improve service quality and attract more business to the port. The bids underscore the growing interest of private companies in Indian port infrastructure, driven by the potential for growth and profitability. The move is part of a broader strategy to modernise ports and facilitate seamless trade operations. As the process advances, stakeholders are optimistic about the positive impact on the regional economy, including job creation and increased trade volumes. The successful privatisation of the HDC facility could serve as a model for similar initiatives across the country, contributing to India's maritime growth.

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement