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ABG Infralogistics wins bulk cargo-handling deal

ABG Infralogistics wins bulk cargo-handling deal
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First Published: Thu, Apr 30 2009. 10 53 PM IST
Updated: Thu, Apr 30 2009. 10 53 PM IST
Bangalore: A year after it emerged the successful bidder, Mumbai-listed ABG Infralogistics Ltd has been awarded a 10-year contract to operate and maintain two bulk cargo handling berths at the Haldia dock of the Union government-owned Kolkata port in West Bengal.
“We received the letter of intent for he contract from Kolkata port on Wednesday,” Saket Agarwal, managing director, ABG Infralogistics, said.
The price proposal submitted by ABG Infralogistics was approved by the port’s board last week.
In the public auction in April 2008, ABG had quoted an average rate of Rs75 per tonne for handling coal and iron ore. According to the deal, Kolkata port will collect user charges fixed with the approval of the Tariff Authority for Major Ports , the tariff regulator for 11 of the 12 Union government-owned ports, and share Rs75 per tonne out of this with ABG, which had quoted the lowest price in the auction.
Kolkata port is not required to make any further investment at these berths.
This is the responsibility of ABG, which will have to invest some Rs200 crore to buy and instal cargo-handling equipment such as mobile harbour cranes at the berths to double the cargo handling capacity.
ABG beat two others—Sical Logistics Ltd and a consortium comprising Ripley and Co. Ltd and TM International Logistics Ltd—to win the deal. ABG operates similar bulk cargo handling facilities at Union government-owned Paradip and Visakhapatnam ports.
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First Published: Thu, Apr 30 2009. 10 53 PM IST