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5. Apeejay Infralogistics Pvt Ltd: Haldia Logistics Park

Highlights

Amount invested in Apeejay Infra-Logistics in total to 31 March 2013 £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 at 31 March 2013 £4.1m

Summary

Apeejay Infra-Logistics Private Limited, a 50/50 joint venture with Kolkata-based tea and shipping conglomerate Apeejay Surrendra Group and Eredene, operates two new and purpose-built logistics parks in Eastern India: Haldia Logistics Park in Haldia, West Bengal, and Kalinganagar Logistics Park in Orissa.

The Apeejay Infra logistics park in Haldia operates on a 90-acre site close to the port of Haldia, a petrochemical hub at the mouth of the Hooghly River and the major gateway to Kolkata. It has a bonded warehouse of 54,000 square feet, three domestic warehouses totalling 86,000 square feet and a container yard of 300,000 square feet, and customers include shipping lines MSC, CMA-CGM, Tata NYK, Hanjin and Maersk, and industry leaders such as Hindustan Unilever and Tata Steel.