Century Plyboards wins Khidderpore Dock Contract; Stock dips 1.5%

31 Jan 2022 , 02:15 PM

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 company said in a filing on Saturday.

The project will be the first instance of a public-private partnership in the 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 Rs200cr.

At around 2.17 pm, Century Plyboards (India) Ltd was trading at Rs589.15 per share down by Rs9.8 or 1.64% from its previous closing of Rs598.95 per share on the BSE.