Continental Warehousing Corporation (Nhava Seva) Limited (IFC-36727)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Chennai, Tuticorin, Mumbai, Hyperabad
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 18, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
CONTINENTAL WAREHOUSING CORPORATION (NHAVA SEVA) LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2016-03-18 exchange rate.
Project Cost (USD)
$ 90.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2016-03-18 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 21, 2017

Disclosed by Bank Dec 1, 2015


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Project Description
This project provides funding to Continental Warehousing Corporation, an Indian cargo handling company. The funds will go towards the expansion of two of the company's multimodal cargo handling facilities at two different locations and adding nine express logistics centers which will total 1.5 million sq feet of rack space.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
Name: Mr. Suresh Periasamy Address: Continental Warehousing Corporation (Nhava Seva) Ltd. 404, Samarpan Complex, Chakala Andheri (East), Mumbai – 400 099, India. Phone: +91 22 61116999 Email: mailto:suresh@cwcnsl.com Address: Continental Warehousing Corporation (Nhava Seva) Ltd., 404, Samarpan Complex, Chakala, Andheri (East), Mumbai – 400099, India. Phone: +91 22 61116999 Email: mailto:ramdas@cwcnsl.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/