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Danish group to invest Rs 1,000 crore in Pipavav

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Partha GhoshVishaka Zadoo New Delhi
Last Updated : Jan 28 2013 | 2:19 AM IST

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Maersk Sealand, a part of Danish shipping major A P Moller group, along with some other investors, has decided to invest close to Rs 1,000 crore in Gujarat Pipavav Port Ltd.

The money would be used to develop the port into a full-fledged container terminal, Gujarat Chief Secretary P K Laheri told Business Standard here today.

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So far, the port has been handling only multi-purpose bulk cargo. Bulk-handling will continue, but through a separate berth.

Sources in Gujarat Pipavav said the company

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First Published: Sep 20 2003 | 12:00 AM IST

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