Mumbai-based, ABG Infralogistics has informed that its board of directors at its meeting held on May 22, 2008, has entered into a shareholder`s agreement with Louis Dreyfrus Armateurs SAS, France to form a joint venture company.

ABG Infralogistics Limited engages in the leasing and rental of cranes, cargo handling, and other equipment to Indian ports. It also develops port infrastructure.

Further, a meeting of the board of directors of ABG Infralogistics will be held on May 29, 2008, to consider interim dividend for the financial year 2007-2008.

The company reported 193% increase in net profit at Rs 6.47 crore for the quarter to December 2007. Its sales increased by 57% to Rs 27.30 crore.