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DP World extends partnership with India’s National Investment and Infrastructure Fund

July 1, 2022
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DP World joins Maersk and IBM’s blockchain platform

HPPL runs terminals in Mumbai, Mundra, Chennai and Cochin

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DP World and India’s National Investment and Infrastructure Fund (NIIF) have broadened their existing partnership with NIIF Master Fund investing primary capital of INR22.5bn (US$300m) for a shareholding of approximately 22.5% in Hindustan Ports Private Limited (HPPL).

HPPL, which is a wholly owned subsidiary of DP World, operates five container terminals across India, managing more than 5m teu of capacity and representing a market share of over 20%.

Its facilities are located in “strategic growth’ locations with two in Mumbai and one each in Mundra, Chennai and Cochin.

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