NAVI MUMBAI: J M Baxi Ports & Logistics (a unit of Mumbai-based J M Baxi Group) who partnered with CMA Terminals Holding, a subsidiary of CMA CGM SA, the World’s Third Largest Container Shipping firm became the highest bidders for the Jawaharlal Nehru Port Container Terminal (JNPCT) at Jawaharlal Nehru Port, Nhava Sheva. The bids were open on June 28, 2022, according to sources.

Some of the others bidders in fray for the JNPCT were DP World, APM Terminals, TI, JSW Infra, International Container Terminal Services & QTerminals however a consortium of J M Baxi Ports & Logistics and CMA Terminals Holding managed to emerge as the highest bidder.  

The outcome of the bidding process for the JNPCT) will help J M Baxi Group, India’s biggest shipping services company, to enter Jawaharlal Nehru port, India’s biggest state-owned Container Gateway.

Besides, it will make J M Baxi the first local terminal operator to have a significant equity stake in a Container Terminal at J N Port.

J N Port has four Private Container Terminals, two of them run by Dubai Government-owned DP World Ltd, one each by PSA International Pte Ltd and a consortium of APM Terminals Management B V and Container Corporation of India Ltd (CONCOR). In FY22, these terminals handled a combined 5.685 million TEUs.

J M Baxi Ports & Logistics runs Container Terminals at Visakhapatnam Port, Deendayal Port (Kandla), Haldia Dock Complex, a multiple purpose terminal at Paradip Port, container freight stations, inland container depots, bulk logistics, rail logistics (container trains), cold chain logistics and heavy project logistics.

JNPCT can handle around 1.35 million TEUs a year.