Ispat to Invest in Indian Port Project

14 July 2010 (Last Updated July 14th, 2010 18:30)

Ispat Industries will invest $427m in the Indian port of Geetapuram, Maharashtra, to expand its capacity over the next two years. The project includes adding eight extra cranes, increasing the port's annual cargo handling capacity from six million tons to 40 million and lengthening the 40

Ispat Industries will invest $427m in the Indian port of Geetapuram, Maharashtra, to expand its capacity over the next two years.

The project includes adding eight extra cranes, increasing the port’s annual cargo handling capacity from six million tons to 40 million and lengthening the 400m quay to 1,700m.

Ispat is also planning to develop the bulk cargo port to a container port, according to businesses-standard.com.