Gateway Distriparks' subsidiary, Gateway Distriparks (Kerala) Ltd (GDKL), has won a tender floated by Cochin Port Trust for a 2.58-hectare-plot in Vallarpadam on a 30-year lease, reported The Hindu.

Six bidders were in the race for this prime site opposite the International Container Transhipment Terminal (ICTT).

ICTT, operated by DP World, will be one of the largest container terminals in India.