Another monthly record for JNPA
NewsIn August 2024, India’s Jawaharlal Nehru Port Authority (JNPA) set a new record by handling 639,336 TEU.
The long-planned Gangavaram port in south India’s Andhra Pradesh state has finally achieved financial closure.
A consortium of banks, led by the State Bank of India and the Industrial Development Bank of India, has signed an agreement with D V Raju & Company and Dubai Ports International (DPI) to advance Rs12 bill (US$273 mill) towards the cost of construction. The two companies, which will jointly develop and operate the port, will put in Rs5 bill (US$113.7 mill) as their contribution towards the equity.
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