Adani, JSW, DP World likely to bid for SICAL Logistics of CCD Group

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Adani, JSW, DP World likely to bid for SICAL Logistics of CCD Group

Adani, JSW, DP World likely to bid for SICAL Logistics of CCD Group

SC L S   ¦    Sep 10, 2019 10:19:35 PM (IST)

Adani, JSW, DP World likely to bid for SICAL Logistics of CCD Group-1

Bengaluru: SICAL Logistics Limited owned by the Café Coffee Day Group, which was chaired by CCD founder Late V G Siddhartha will likely see bidding by the Adani Group and JSW Group, as reported by Businessline.

According to the report, DP World, owned by the Dubai government has also shown interest.

It can be noted that SICAL has 74 percent of revenue from the Kamarajar Port of Tamil Nadu. Similarly it has 49 percent revenue from VOC Port, Thootukudi, and 37 percent revenue from New Mangalore Port Trust. It has also got the Category 1 license from the Central Railway, which grants permission to function container rails throughout India.