Dighe, a minor port in the western Indian state of Maharashtra, is to be jointly developed by Balaji Infra Projects Ltd and financial services company IL&FS.
Balaji bagged the project from Maharashtra Maritime Board (MMB) and will hold at least 51 per cent of the equity. It has signed a memorandum of understanding with IL&FS, which will become a co-developer of the project and also take a 15 per cent stake in Dighe Port Ltd. MMB will take 11 per cent of the equity....
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This complete item is approximately 250 words in length, and appeared in the October 2005 issue of WorldCargo News, on page 8.
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