Gujarat Pipavav Port (GPPL) is reportedly planning to raise around Rs 500
crore through an initial public offering (IPO) to part fund its Pipavav port
expansion plans.
GPPL also plans to set up a dedicated coal terminal, a coal conveyor belt and
a new coal handling system, designed to handle 20 million tonne of coal by 2016.
The port currently handles bulk, containerised and liquefied petroleum gas
cargo.
APM Terminals Management BV owns 54.8 per cent in GPPL, which has rights to
develop and operate the port for 30 years. The other stakeholders of GPPL
include New York Life International India Fund (Mauritius) LLC, IDFC
Infrastructure Fund, IL&FS Trust Company, Jacob Ballas Capital India, Axis Bank,
IDBI Bank and India Infrastructure Fund.