NIIF and DP World strengthen their collaboration with HPPL

Hindustan Ports Private Ltd. (HPPL), a wholly owned subsidiary of DP World, is India’s leading container terminal platform managing 5 container terminals at key locations including Mumbai, Mundra, and Chennai. The National Investment and Infrastructure Fund (NIIF) will be investing an additional USD 300 million in HPPL by Q1 2023, taking its shareholding to 22.5% and strengthening its collaboration with DP World. The investment is said to be NIIF’s largest.

The container terminals under HPPL manage more than 5m TEU of capacity and represents a national market share of over 20%. The capital raised through the aforesaid transaction will be used to create new infrastructure development, supply chain efficiencies and future HPPL growth initiatives.

NIIC and DP World also set up the Hindustan Infralog Private Limited (HIPL) in 2018, which has invested in rail logistics, multi-modal logistics parks, container freight stations, economic zones, cold-chain infrastructure and contract logistics since its inception.

Since the beginning of this partnership with NIIF, we have made significant progress in building an inland logistics infrastructure network of great scale that complements our container ports platform. Notably, the opportunity landscape in India remains significant and this transaction will allow us to accelerate investment across ports and logistics to drive returns for our respective stakeholders.”

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World

With the joint forces NIIC and DP World, HPPL and HIPL will benefit from growth opportunities across Indian ports and logistics, in the light of the strategic vision and current reforms under the Gati Shakti National Master Plan.

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