Sunday, March 08, 2015
DO YOU KNOW?
On the face of it, the corporatisation of government-run ports might seem an attempt to professionalize the entities to be better equipped to handle the rising cargo. However, the Budget fine print shows a complete makeover for some of these ports, which have so far been looked at as mere trading centres for India.
Once under the Companies Act, Mumbai Port for instance, will have its assets valued, making it a company holding one of the costliest real estate assets in the country.
With around 1,800 acres of land stretching from Chhatrapati Shivaji Terminus to Wadala, Mumbai Port will have the potential to be valued in line with some of India's top real estate companies such as DLF Ltd (Rs.153.60), Jaypee Infratech Ltd (Rs.20.10), and Oberoi Realty Ltd (Rs.308.90), among others.
Source: Business Standard (Edited).