Ripley & Co to Modernize Haldia Berth with Rs 600cr Investment
By Rediff Money Desk, Kolkata Jul 16, 2024 22:59
Ripley & Co and Bothra Shipping Services will invest Rs 600 crore to automate and modernize Berth No. 5 at Haldia Dock Complex, boosting cargo handling capacity to 5 million tonnes.
Kolkata, Jul 16 (PTI) A consortium of Kolkata-based Ripley & Co and Bothra Shipping Services of Andhra Pradesh announced it will invest Rs 600 crore in the automation and modernization of a port berth at Haldia in West Bengal.
The stevedoring and handling company said it quoted the highest revenue share for the mechanisation of Berth No. 5 of Haldia Dock Complex, Syamaprasad Mookerjee Port, Kolkata, on a PPP basis.
"It is a 50:50 consortium and will invest Rs 600 crore for the modernisation of the berth. We already operate two more berths at Haldia," Ripley & Co Director Shoumik Bose told PTI.
He said the letter of award is expected this month.
The project will be executed on a DBFOT (design, build, finance, operate, and transfer) model with a concession period of 15 years.
"Berth No. 5, upon mechanisation, will provide state-of-the-art mechanised facilities for handling dry bulk cargo comprising coal, limestone, and manganese ore," Ripley & Co Director Prabal Mukherjee said.
The berth will have an annual cargo handling capacity of 5 million tonnes.
The project is likely to be completed by the end of 2026, the official said.
Ripley & Co already operates berth no 2 and 8 at Haldia.
The stevedoring and handling company said it quoted the highest revenue share for the mechanisation of Berth No. 5 of Haldia Dock Complex, Syamaprasad Mookerjee Port, Kolkata, on a PPP basis.
"It is a 50:50 consortium and will invest Rs 600 crore for the modernisation of the berth. We already operate two more berths at Haldia," Ripley & Co Director Shoumik Bose told PTI.
He said the letter of award is expected this month.
The project will be executed on a DBFOT (design, build, finance, operate, and transfer) model with a concession period of 15 years.
"Berth No. 5, upon mechanisation, will provide state-of-the-art mechanised facilities for handling dry bulk cargo comprising coal, limestone, and manganese ore," Ripley & Co Director Prabal Mukherjee said.
The berth will have an annual cargo handling capacity of 5 million tonnes.
The project is likely to be completed by the end of 2026, the official said.
Ripley & Co already operates berth no 2 and 8 at Haldia.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 6.92 ( -2.67)
- 72059799
- Srestha Finvest
- 0.62 ( 0.00)
- 44282249
- Suzlon Energy Ltd.
- 65.46 (+ 4.99)
- 29304981
- Standard Capital
- 1.00 ( -2.91)
- 19038103
- AvanceTechnologies
- 0.95 ( 0.00)
- 17869009
MORE NEWS
India to Enact Data Privacy Law, Encourages...
India is set to introduce a legal framework for data privacy, aiming to facilitate free...
Haryana CM Meets South Korean Delegation,...
Haryana Chief Minister Nayab Singh Saini met with a South Korean delegation, inviting...
Harsha Vardhan Agarwal: New Ficci President...
Harsha Vardhan Agarwal, Vice-Chairman and Managing Director of Emami Ltd, has been...