PSA International, a global port operator based in Singapore, is reportedly exploring the sale of a minority stake in its Indian port operations. This move primarily focuses on its flagship terminal, Bharat Mumbai Container Terminal (BMCT), located at Jawaharlal Nehru Port Authority (JNPA).
The potential transaction aims to attract both financial and strategic investors, with discussions reportedly in the early stages. While specific financial details have not been disclosed, such a divestment could help PSA unlock value from its significant investments in India. PSA Mumbai has already invested $1.3 billion in its two phases, doubling its capacity to 4.8 million twenty-foot equivalent units (TEUs) annually.
PSA Mumbai is currently India's largest container terminal, handling 2.27 million TEUs in fiscal year 2025, representing 31.09% of JNPA's total traffic. The company anticipates increasing its share of JNPA's container traffic to 45%-50% by the end of 2027, driven by its recent phase-two expansion and the anticipated full operation of the Dedicated Freight Corridor (DFC). PSA is also actively exploring opportunities at the upcoming Vadhavan port in Maharashtra and aims to expand into warehousing and inland container management.
