GMR Infrastructure wins bid for greenfield commercial port in Kakinada

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Capital Market
Last Updated : Jun 28 2018 | 9:50 AM IST
GMR Infrastructure through its subsidiary has made a successful bid to develop a greenfield commercial port through Swiss Challenge mode. The greenfield port would be at 30 km North from the city of Kakinada and proposed to be developed as an all-weather, deep draft, multi cargo port.

The port is located at one of the strategic nodes of Vizag Chennai Industrial Corridor and is expected to benefit from the associated corridor developments. Given the strategic location, the port is expected to become the Gateway to the East Coast of India. Once operational, the port will have initial capacity of 16 MnT.

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First Published: Jun 28 2018 | 9:35 AM IST

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