Century Plyboards wins Khidderpore Dock Contract

Century Plyboards (India) Ltd has bagged a contract to modernise and mechanise a cluster of six berths in Kolkata's Khidderpore Docks on a build-operate-own-transfer basis. Once fully operational, these berths under KPD -1 (West), will create additional port capacity in eastern India by installing mechanised systems to handle containers as well as clean bulk cargo.

The project will be the first instance of a public-private-partnership in Kolkata Dock System. Once formalised, the Company is going to have a 30-year contract to run the operation on a build-operate-own-transfer basis.

The contract envisages equipping the berths to handle 330,000 containers and 650,000 tonne of cargo per annum in two phases. The project cost is pegged at around Rs 200 crore.

Shares of Century Plyboards (India) Limited was last trading in BSE at Rs. 598.95 as compared to the previous close of Rs. 606.45. The total number of shares traded during the day was 33866 in over 3527 trades.

The stock hit an intraday high of Rs. 623.15 and intraday low of 593.35. The net turnover during the day was Rs. 20673062.00.

Source : Equity Bulls

Keywords

CenturyPlyboardsIndia INE348B01021 OrderWin KhidderporeDocks BOOT