India expands foreign port presence with new consortium
NewsIndia is forming a consortium to acquire and develop foreign ports, with IPGL managing operations, IPRCL handling infrastructure, and SDCL overseeing financing.
P&O Ports has completed the acquisition of Mundra International Container Terminal Ltd (MICTL) and related assets from the Adani Group for a total cash consideration of US$195 mill (see WorldCargo News January 2003, p13).
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