Five companies vying for stake in Dahej Port

Reportedly, five companies have submitted expression of interest bids for acquiring a stake in the Dahej greenfield port project. The companies are JSW Infrastructure Limited, IMC Limited, Essar Ports Limited, Shapoorji Pallonji & Company Limited and Netherlands-based Royal Vopak NV. Bids for the acquisition of a 74 per cent stake in the project owned by Sterling Port Limited were issued in November 2017. However, the company will continue to hold a minority stake of 26 per cent in the port through its group company, Sterling Biotech Limited. The project involves the development of an all-weather direct berthing port at Dahej for handling dry bulk, liquid bulk and container cargo.