About The Port

Gangavaram Port concession was awarded to Mr. DVS Raju led consortium through an international bidding process. The Concession Agreement was signed in August, 2003.

Gangavaram Port has the unique distinction of being one of the few Greenfield port projects in India which has been implemented on schedule. Construction at the site commenced in December 2005 and the Port commenced trial operations in August 2008.

Gangavaram Port has been developed as an all weather, multipurpose port with water depth upto 21 meters, making it the deepest and capable of handling fully laden Super Cape size vessels of upto 200,000 DWT. Gangavaram Port, with its deep draft berths and efficient operations has become the gateway port for a hinterland spread over 8 states across Eastern, Western, Southern and Central India. Its ability to handle larger vessels efficiently has resulted in substantial savings to trade and port users. Gangavaram Port provides efficient cargo handling services for a variety of bulk and break bulk cargo groups including Coal, Iron Ore, Fertilizer, Limestone, Bauxite, Raw Sugar, Project Cargo, Alumina, Steel products etc.

The Port, its related facilities and material handling system are among the most advanced in Asia and meet the highest standards in terms of pollution prevention and safety.

Concession Period

  • 30 years - extendable by 10 + 10 years

Share Holders

  • DVS Raju and family - (58.11%)
  • Lakeside Investment Ltd (an affiliate of Warburg Pincus) - (31.50%).
  • GoAP - (10.39%)

GANGAVARAM PORT is the only port offering both Concession fee and Equity to GoAP.

Warburg Pincus (www.warburgpincus.com)

  • A leading global private equity firm head quartered in New York, USA with Global Offices in 10 Countries
  • Founded in 1966, raised 19 private equity funds
  • Manages assets more than USD 56 billions
  • Invested more than USD 86 billions in 910 companies, 40 countries
  • Invested more than USD 3 billions in India
  • Invested in Bharti Airtel, HDFC, ICICI, Kotak Mahindra, Gangavaram Port, SBI General Insurance, IDFC First Bank etc.
  • Lakeside Investment Ltd has nominated Mr. Vishal Mahadevia, as itís Nominee Director on the Board of Gangavaram Port Ltd and is continuing since June 30, 2007 to till date. He currently serves as a Managing Director of Warburg Pincus India Private Limited and is also a Director of IDFC First Bank Limited.