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5. Apeejay Infralogistics Pvt Ltd: Haldia Logistics Park

Highlights

Amount invested in Projects 1 & 2 to 30 September 2014 £2.9m
Ownership stake 50%
Investment partner Apeejay Surrendra
www.apeejaygroup.com
Apeejay Infra-Logistics Project One Haldia Logistics Park
Sector Logistics Park
Location Haldia, West Bengal, East India
Progress to date Operational & revenue generating
Fair Value of Projects 1 & 2 at 30 September 2014 £0.8m

Summary

A joint venture with Apeejay Surrendra Group, Apeejay Infra-Logistics owns and operates two logistics parks in East India – a 90 acre facility near Haldia Port in West Bengal and a 30 acre facility at Kalinganagar in Orissa. Eredene is currently exploring strategic options for this investment as both the logistics parks are likely to take considerable time to scale up and reach profitability.