Ameet Desai, Executive Director at Mundra Port & SEZ said, the encouraging response received from investors was attributable to a clear affirmation that the infrastructure sector in India was on a growth curve. He added that the Port-SEZ logistics story that the company was offering was also very convincing to investors.
Commenting on future projects for the company, he said the most important project was the setting up of the 30 million tonne imported coal terminal at Mundra Port, expected to be operationalised from 2011 onwards. He added that two container train rakes were fully operational, and the target was to take them up to 20 over the next 12 to 18 months.
Excerpts from CNBC-TV18's exclusive interview with Ameet Desai:
Q: Could you tell us what exactly was it that you told your investors that they bought so convincingly into it at this point of time? What sort of a growth rate are you factoring-in for the next couple of years?
A: We have got a very encouraging response from investors all across the globe. In our roadshows starting from Singapore over to Europe, Hong Kong and finally the US, we have met many investors. I think their response can be attributed to two or three things. One is that there is a clear affirmation that the infrastructure sector in the country is on a growth curve. The Port-SEZ logistics story that Mundra Port offers is very convincing.
They are seeing us as not only a provider of port services and landlord port, but also with the SEZ, which is the industrial logistics hub that we are developing together with the port, and also adding the value added service of multimodal business in the form of running our own container trains, joining them with inland container depots through the length and breadth of the nation.
Q: What will be the projects that will be completed 12 months from now in terms of the port, the SEZ and the railroad running through your terminal?
A: Today, we already have 8 multipurpose terminal berths up and running. Three container terminal berths running, the fourth one is about to get operational very soon. We are just about to operationalise two inland container depots. We have two container train rakes running fully, and we are going to take them up to 20 over the next 12 to 18 months. But what is going to be the most important project is the setting up of coal terminal, which is the 30 million tonne imported coal terminal being set up at Mundra, which will be operational from 2011 onwards.
Q: Given what you have told us over the next three years, once your SEZ and all of these projects take shape, what sort of an average CAGR would you continue to grow at between now and over the next five years?
A: It is not feasible for me to talk of the future CAGRs going forward. But in the past, Mundra Port & SEZ business has grown at high 30s to about 40% of CAGR over the last five to six years and I think there is a very promising future that one sees for all the infrastructure projects, particularly in the port and SEZ sector.
Commenting on future projects for the company, he said the most important project was the setting up of the 30 million tonne imported coal terminal at Mundra Port, expected to be operationalised from 2011 onwards. He added that two container train rakes were fully operational, and the target was to take them up to 20 over the next 12 to 18 months.
Excerpts from CNBC-TV18's exclusive interview with Ameet Desai:
Q: Could you tell us what exactly was it that you told your investors that they bought so convincingly into it at this point of time? What sort of a growth rate are you factoring-in for the next couple of years?
A: We have got a very encouraging response from investors all across the globe. In our roadshows starting from Singapore over to Europe, Hong Kong and finally the US, we have met many investors. I think their response can be attributed to two or three things. One is that there is a clear affirmation that the infrastructure sector in the country is on a growth curve. The Port-SEZ logistics story that Mundra Port offers is very convincing.
They are seeing us as not only a provider of port services and landlord port, but also with the SEZ, which is the industrial logistics hub that we are developing together with the port, and also adding the value added service of multimodal business in the form of running our own container trains, joining them with inland container depots through the length and breadth of the nation.
Q: What will be the projects that will be completed 12 months from now in terms of the port, the SEZ and the railroad running through your terminal?
A: Today, we already have 8 multipurpose terminal berths up and running. Three container terminal berths running, the fourth one is about to get operational very soon. We are just about to operationalise two inland container depots. We have two container train rakes running fully, and we are going to take them up to 20 over the next 12 to 18 months. But what is going to be the most important project is the setting up of coal terminal, which is the 30 million tonne imported coal terminal being set up at Mundra, which will be operational from 2011 onwards.
Q: Given what you have told us over the next three years, once your SEZ and all of these projects take shape, what sort of an average CAGR would you continue to grow at between now and over the next five years?
A: It is not feasible for me to talk of the future CAGRs going forward. But in the past, Mundra Port & SEZ business has grown at high 30s to about 40% of CAGR over the last five to six years and I think there is a very promising future that one sees for all the infrastructure projects, particularly in the port and SEZ sector.