Adani, APMT scotch Pipavav Port sale rumors

Pipavav port has struggled in its competition with Mundra, which will soon finish doubling its capacity. APM Terminals declined to comment on recent reports that it is mulling the sale of its controlling stake in the Gujarat Pipavav Port, a multipurpose minor facility on India’s west coast.
“As a matter of policy,… Source: http://www.joc.com

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