The National Investment and Infrastructure Fund (NIIF), an organization supported by the Government of India, has announced that it has invested USD 300 million or Rs 2,250 crore for a 22.5% stake in Hindustan Ports, a local branch of DP. World in the UAE.

This is NIIF's largest investment, bringing the company's total investment in DP World's India operations to $500 million.

Hindustan Ports has a market share of more than 20% and manages more than 5 million TEUs, or standard 20-foot container units, in its five container ports.

There are two terminals in Mumbai as well as in Mundra, Chennai and Cochin.

HIPL has made significant investments to build a leading integrated logistics platform, in rail logistics, multimodal logistics parks, container freight terminals, economic zones, cold chain infrastructure and contract logistics.