09
Sep
Hyderabad-based international cargo logistics company Jassper Shipping will invest up to Rs 450 crore over the next three years to expand its cargo-handling and logistics operations across India, the Gulf region and other international markets. The investment, equivalent to US$50 million, will be deployed in phases by the company’s promoters, subject to market conditions, regulatory requirements and board approvals. In the first phase, Jassper Shipping plans to invest US$10 million, or around Rs 90 crore, to strengthen operations serving the power, steel, cement, agriculture, fertiliser, petrochemical, construction materials, heavy engineering, manufacturing and infrastructure sectors. The company’s expansion comes amid rising…
