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Jassper Shipping plans $50 mln investment in project logistics
Jassper Shipping will invest $50M over three years, with $10M in the first phase targeting project logistics for power, steel and heavy engineering clients across India and the Gulf.
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Hyderabad-based project logistics provider Jassper Shipping plans to invest $50 million over three years to expand its cargo handling and freight operations, the company said Wednesday.
The capital will come from promoters in phases. The first $10 million targets the B2B project logistics business, which serves power, steel, petrochemicals and heavy engineering clients. The investment will also go toward port-to-plant logistics, vessel chartering and multimodal freight solutions for oversized cargo.
"Our planned $50 million investment reflects our long-term commitment to building stronger capabilities across project cargo, breakbulk logistics, vessel chartering and integrated industrial supply chains," CEO Pushpank Kaushik said in a statement.