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Follow on Google News | Gujarat Pipavav Port Limited files its Draft Red Herring Prospectus with SEBIGujarat Pipavav Port Limited (the “Company”), the developer and operator of Port Pipavav (the “Port”), India’s first private sector port, has filed its Draft Red Herring Prospectus with Securities and Exchange Board of India
By: Ashish Samal Port Pipavav is one of the principal gateways on the west coast of India and is located in the Saurashtra region of the state of Gujarat. The Port is a multi-user and multi-cargo port and is engaged in container and bulk handling. Railway connectivity is also provided to the Port’s customers. The Company has created extensive support infrastructure to handle the container and bulk cargo. The Company is promoted by APM Terminals, which is one of the largest container terminal operators in the world, and is part of the A.P. Møller Mærsk Group. APM Terminals operates 50 terminals across 31 countries. The equity shares offered through this Draft Red Herring Prospectus of the Company are proposed to be listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. The Book Running Lead Managers to the Issue are IDFC-SSKI Limited and Kotak Mahindra Capital Company Limited. Note Gujarat Pipavav Port Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in; For further details please contact Adfactors PR Pvt Ltd Dattu Hegde – 9820295646 Parikshit Joshi – 9820137030 Vidya Shetty - 9819457848 # # # Port Pipavav, India’s first port in the private sector is an APM Terminals run port located in the state of Gujarat at a distance of 140kms South West of Bhavnagar. Port Pipavav is a multi-purpose, all weather port which handles bulk, break-bulk and containerised cargo. The port has dedicated 735m of quay length for handling containers which are serviced by 3 post-panamax and 3 panamax quay cranes. The port has also dedicated 325m of quay length for handling bulk and break-bulk cargo. An on-dock rail facility with dedicated sidings to handle bulk, break-bulk and containerised cargo has also been developed. The port is well connected to its hinterland by road as well as the broad gauge rail network of India. The port offers weekly train services to all major North West India ICDs. End
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