After buying a 50 per cent stake in a container-loading facility at Mundra port in Gujarat in last July, Terminal Investment Ltd SA (TIL) , majority owned by Mediterranean Shipping Co SA (MSC), is looking to expand in India further. Terminal Investment Limited SA (TIL) invests in, develops and manages container terminals around the world. The company was founded in 2000 to secure berths and terminal capacity in the major ports used by Mediterranean Shipping Company (MSC).
The company is the world’s sixth biggest container terminal operator. It will submit initial bids for building a Rs 8,200 crore container-loading facility at Jawaharlal Nehru Port. When fully developed, the terminal will be able to load as much as 4.8 million standard containers a year.
That will make it India’s biggest single container terminal by capacity and cost. Terminal Investment will bid for the project in partnership with Adani Ports and Special Economic Zone (APSEZ). APSEZ will hold a 51 per cent stake in the consortium that will bid for the project while Terminal Investment will hold the rest.
Terminal Investment is 65 per cent owned by Geneva-based MSC, the world’s second biggest container shipping line. The balance stake is held by private equity fund Global Infrastructure Partners.