A Kolkata-based company, Ripley & Co, along with Bothra Shipping Services from Andhra Pradesh, announced their plan to invest an estimated INR 600 Crore in the automation and modernization of a port berth at Haldia in West Bengal.
Ripley & Co will execute the project on a DBFOT (design, build, finance, operate, and transfer) basis, with a 15-year concession period. Berth No. 5, upon mechanization, will offer cutting-edge facilities for handling dry bulk cargo like coal, limestone, and manganese ore. The berth will boast an impressive annual cargo handling capacity of 5 Million Tonnes.
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Moreover, the project is expected to be completed by 2026. Ripley & Co Haldia already operates berths No. 2 and 8 at Haldia. This 50:50 consortium will enhance the port’s capabilities, investing INR 600 Crore in the modernization, said Shoumik Bose, Director of Ripley & Co.
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