JNPT fourth terminal up for grabs

This new facility will boost capacity at the port from 4.8m teu to 5.2m teu.

Previously, a PSA-led consortium walked away from the project after disagreements with investment partners.

Meanwhile, JNPT has sought permission to issue bonds worth $368m, although the core issue would be for $92m, with the remainder to reflect possible over-subscription.

The money is needed for dredging work to deepen and widen the access channel and for capital expenditure on other projects.