Jawaharlal Nehru Port Authority (JNPA) and JM Baxi Port and Logistics Limited signed a concession agreement for the expansion of the shallow water berth (SWB) and coastal berth (CB) projects at Jawaharlal Nehru Port Trust on November 15, 2022. JM Baxi has formed a special purpose vehicle for the implementation of the project, named Nhava Sheva Distribution Terminal Private Limited. The work is likely to be completed in three years. The project involves upgradation, equipping, operation, maintenance and transfer of the SWB facility and the newly constructed CB through public private partnership at Jawaharlal Nehru Port in Maharashtra at an estimated cost of Rs 3.43 billion. It was approved in January 2022. The concession period is 30 years.