Port Authority seeks Attorney General’s opinion on cargo-profile change that could attract major new investment.
Mumbai Port Revives Push to Unlock Long-Stalled Indira Container Terminal.
Mumbai Port Authority (MbPA) has renewed efforts to revive the Indira Container Terminal project, which has remained troubled for nearly 19 years since its award to a consortium led by AJR Infra and Tolling Ltd and Spain’s Noatum Ports. Chairman M. Angamuthu said the port has sought the Attorney General’s opinion on allowing the terminal to handle clean, non-hazardous cargo such as steel, RoRo, project cargo and non-hazardous liquid cargo. The move could significantly improve utilisation of the 1.2 million TEU facility, currently operating at about one-third of its capacity, and potentially attract around ₹2,000 crore in additional private investment. The case was earlier referred to a conciliation mechanism due to its complexity. After emerging debt-free through investments by the Bothra Group and Kakinada Seaports Ltd, the terminal’s revival is being pursued as a win-win partnership between the concessionaire and the port authority, with the broader potential to unlock substantial future investment at Mumbai Port.