BackGujarat Pipavav Ports MD Prakash Tulsiani resigns
During Tulsiani tenure, the company successfully raised $100 million through an IPO and got listed on the stock exchanges
Premium(Pipavav port is part of an international network of 71 ports and terminals across 67 countries operated by APM Terminals BV, an independent business unit within the Maersk Group that has interests in shipping, oil and drilling. )
Mumbai: Gujarat Pipavav Port Ltd on Friday said Prakash Tulsiani had resigned as managing director and director. The resignation will take effect from 31 May.
In January 2009, Tulsiani was transferred to Pipavav Port in Gujarat as the managing director. During his tenure, the company successfully raised $100 million through an initial public offer and got listed on the stock exchanges.
Under his leadership, the port company turned around and became profitable in 2010 for the first time since its inception in 1998.
Pipavav port is part of an international network of 71 ports and terminals across 67 countries operated by APM Terminals BV, an independent business unit within the Maersk Group that has interests in shipping, oil and drilling.
Tulsiani did not return Mint’s calls seeking comment.
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