We are happy to announce the signing of a term loan agreement with YES BANK for Nhava Sheva Distribution Terminal Private Limited – a 100% owned subsidiary of J M Baxi Ports & Logistics Limited. We sincerely thank YES BANK for showing agility and commitment in facilitating a smooth conclusion of the transaction.
Nhava Sheva Distribution Terminal Private Limited will upgrade, equip, operate, maintain and transfer Shallow Water Berth (SWB) and Coastal Berth (CB) Terminals at Jawaharlal Nehru Port located near Mumbai and transform it into a distribution hub.
Nhava Sheva Distribution Terminal
Part of the Jawaharlal Nehru Port Authority (JNPA), the Nhava Sheva Distribution Terminal consists of a shallow water berth and a dedicated coastal berth with a quay length of 320 meters and 250 meters respectively. The terminal has a draft of 10 meters and a back-up area of 11 hectares. A multipurpose clean cargo terminal, it is capable of handling container, cement, general cargo, liquid vessels, break bulk, dry bulk etc. The USP of the terminal is its ability to connect coastal containers through Ro-Ros, revolutionising the water-based logistics eco-system of Nhava Sheva. This makes it the most connected terminal hub in the country through its multimodal connectivity, opening up massive last-mile solutions and broadening access to the hinterland.
Target commencement date: Shallow water berth – May 2023
Source : J M Baxi