Mumbai: Chowgule Ports & Infrastructure Pvt Ltd (CPIPL) has signed an agreement with Maharashtra Maritime Board (MMB) to develop a minor port at Jaigad in the Ratnagiri district.
The company, which is co-promoted by Chowgule Steamships, is a special purpose vehicle (SPV) floated to undertake the port infrastructure development and ship repair projects at Jaigad, writes the Business Standard. The port development projects would be undertaken under BOOST basis, the company informed the BSE. [28/03/08]
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