Friday , 18 October 2019
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Sharjah-based Gulftainer Co. Ltd. has signed agreements with the LANCO Group of India to cooperate on a wide variety of port and transportation projects.

Gulftainer signs partnership deal

LANCO Infratech Ltd (LITL), one of the fastest-growing corporate entities in India, has more than two decades of experience operating in the core sectors of power generation, power trading, engineering procurement construction (EPC) and infrastructure and property development.

With a proven record in integrated infrastructure development, LANCO constructs, develops and operates projects in power, roads and other infrastructure. Its construction and EPC wing has so far executed US$500m worth of projects and has an order book worth more than nearly US$2bn. Notably, nearly all the construction and EPC works are done for LANCO’s power and infrastructure projects.

Peter Richards, director and general manager of Gulftainer commented, “We are delighted that we have reached an agreement that will allow Gulftainer’s acknowledged container terminal and transport logistics expertise to be linked with a company of stature, reputation and resources. We are already assessing specific projects in the Middle East, India and the Eastern Mediterranean worth close to US$1bn.

“The two groups working together can really make an impact on projects in the expanding and exciting port and transport field, as between us we have the ideal synergy, resources and determination. This will take Gulftainer’s development plans on to the next level.”