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https://www.google.co.uk/maps/search/Karanja+port/@18.8491283,72.9584737,1946m/data=!3m2!1e3!4b1
https://www.google.co.uk/maps/search/Karanja+port/@18.8453931,72.9685669,1189m/data=!3m1!1e3?hl=en
The boats/vessels on google maps , are they ro-ros? looks like there is traffic at the port now :)
https://www.londonstockexchange.com/news-article/market-news/holding-s-in-company/14912000
On further digging, this pic seems genuine, the ship was heading to karanja:
https://www.myshiptracking.com/vessels/nand-aparna-mmsi-419012400-imo-9082087
a simpler link:
https://twitter.com/search?q=karanja%20terminal&src=typed_query&f=live
GF, came across this twitter post.
https://webcache.googleusercontent.com/search?q=cache:V7Oe5dnUJIEJ:https://twitter.com/hashtag/mpl%3Flang%3Dda+&cd=5&hl=en&ct=clnk&gl=uk&client=opera
Does that mean operations have started? experts?
So happens ARS is another stock similar to MPL for me. The stock has taken a pounding, I just got into it, it is now the second biggest stock on my portfolio and Mount Teide hates the stock with even more passion than he does MPL.
Fair point Slortibort. Long way to go still. I still consider this a high risk high returns investment too.
I hope they do not get too ambitious and start on Karanja Creek only after generating revenues and convincing the market that they are profitable. They can then avail bank loans at more favourable interest rates and keep dilution of stock to a mimimum.
Just to add logistics is shyte in India at the moment, billions has been earmarked by the now efficient central government for ramping up logistics across the country(which is what 'Sagarmala' is about). Good news is MPL is part of the sagarmala ambit and should get value added by default when the govt improves infrastructure. Also, with Sagarmala, the impetus is now on moving paperwork quicker and lessen bureaucratic delays which works nicely for MPL and can be seen by the speed at which documents are being requested and filed imho.
My pleasure GF. One pf the main reasons i an in mpl heavily is this stock has probably taken the most battering because of the delays.
Like you just said, it is not in their hands and after all these years, if the first contract for the 5.5 million has come through, this was the perfect time to get in( with less then 20 pc free float).
All the docs they are filing for karanja creek show that they are planning a few years ahead now.
Also, the self professed experts on these board seem to be concentrating only on the port, the dredging etc etc. The ‘logistics’ of ports & logistics is what interests me more. Real estate and storage space are at a premium in Maha in general and Mumbai in particular, so a premium price would be charged for storage per ton imho and not the laughable fogure 60p per tonne as someone said.
Karanja creek might take a few years yet, but should catapult share value if and when it happens. Aimho dyot
And another this week GF:
forestsclearance.nic.in/DownloadPdfFile.aspx?FileName=0_0_51128122712181Archeologicalareaoutside10kmradius.pdf&FilePath=../writereaddata/Addinfo/
Another new document filed towards Karanja Creek approval
My pleasure GF. Agree with your theory that they are in the process for getting clearences for karanja creek for later.It makes sense as environmental clearences take ages in India. Hopefully, we will be in a more advanced situation where we can afford to expand by the time clearence happens.
GF:
Application for expansion was made in december 2019/jan 2020 by the looks of it:
forestsclearance.nic.in/viewreport.aspx?pid=FP/MH/Others/45435/2020
Details of the application are as follows:
details of the application are as follows:
forestsclearance.nic.in/DownloadPdfFile.aspx?FileName=5111612311215TAH76Authorizationletterfromdirector.pdf&FilePath=../writereaddata/FormA/UserAgencydoc/
section C of the application looks interesting.