Nhava Sheva Distribution Terminal Receives Term Loan From YES BANK

JM Baxi Group is pleased to announce the signing of a Term Loan Agreement with YES BANK for Nhava Sheva Distribution Terminal Private Limited – a wholly owned subsidiary of JM Baxi Ports & Logistics Limited. We sincerely thank YES BANK for their agility and dedication in facilitating a smooth completion of the transaction.

Nhava Sheva Distribution Terminal Private Limited will modernize, equip, operate, maintain and transfer the Shallow Water Berth (SWB) and Coastal Berth (CB) terminals at Jawaharlal Nehru Port near Mumbai into a distribution center.

Nhava Sheva Distribution Terminal

Nhava Sheva Distribution Terminal is part of the Jawaharlal Nehru Port Authority (JNPA) and consists of a shallow water berth and a dedicated coastal berth with quay lengths of 320 and 250 meters respectively. The terminal has a draft of 10 meters and a reserve area of ​​11 hectares. As a multi-purpose clean cargo terminal, it is capable of handling containers, cement, general cargo, liquid vessels, general cargo, bulk cargo, etc. The terminal’s USP is its ability to connect shore containers via Ro-Ros, revolutionizing Nhava Sheva’s water-based logistics ecosystem. This makes it the best-connected terminal hub in the country through its multi-modal connectivity, opening up massive last-mile solutions and expanding hinterland access.

Target start date: Shallow water berth – May 2023

Coastal berth – May 2023

Source: www.maritimegateway.com