March 28, 2017 5:38 PM ET

Transportation Infrastructure

Company Overview of Gangavaram Port Limited

Company Overview

Gangavaram Port Limited operates as a marine port. It provides cargo handling services for various bulk and break bulk cargo groups, including coal, iron ore, fertilizer, limestone, bauxite, raw sugar, project cargo, alumina, steel products, etc. The company was incorporated in 2001 and is based in Hyderabad, India.

Hansa Plaza

Plot No.798

Road No.36

Jubilee Hills

Hyderabad,  500 033

India

Founded in 2001

Phone:

91 40 4434 9999

Fax:

91 40 4434 9990

Key Executives for Gangavaram Port Limited

Chairman and Managing Director
Compensation as of Fiscal Year 2016.

Gangavaram Port Limited Key Developments

GPL Does Not Plans For IPO

As part of its strategy to emerge as a generation next port, Gangavaram Port Limited (GPL) has commissioned four new berths to increase its handling capacity to 64 million tonne. The port developed in PPP mode by D.V.S. Raju-led consortium has invested around INR 13 billion on the expansion project. When contacted, a spokesperson for GPL told The Hindu that the port had no plans to go for IPO. “These are only rumours,” she said. Gangavaram Port handled 19.5 MT of cargo during 2015-16. This was almost equivalent to the previous year’s traffic. The port handled 15.18 million tonne during 2013-14 and 20.74 million tonne during 2014-15.

Gangavaram Port Seeks IPO

Gangavaram Port Limited plans to raise INR 20 billion via IPO

Investors Finding Difficult To Exit From Ports

Investors that invested in ports like Karaikal Port Private Limited, Krishnapatnam Port Company Limited and Gangavaram Port Limited are finding it tough to exit their investments. 3i Group plc (LSE:III) intends to exit from Krishnapatnam Port Company Limited. and Warburg Pincus LLC also wants to exit from Gangavaram Port Limited.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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