Adani Ports to Develop Multipurpose Berth at Kandla Port
By Rediff Money Desk, New Delhi Sep 11, 2024 15:27
Adani Ports & SEZ signs concession agreement to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat, offering 5.7 MMT capacity annually and expected to be commissioned in FY27.
New Delhi, Sep 11 (PTI) Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has signed a concession agreement with DPA to develop Berth No 13 at Deendayal Port, Kandla, Gujarat.
APSEZ has incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth, it said in a statement.
Berth will handle multipurpose cargo and is expected to be commissioned in FY27.
In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period.
According to the statement, APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo.
Berth No. 13 is 300 metres long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27.
APSEZ CEO and whole-time director Ashwani Gupta said, "Berth No. 13 will diversify our presence at Deendayal Port. We will now handle multipurpose clean cargo at the port, in addition to dry bulk cargo that we already handle."
The statement said the berth will further consolidate the company's position on the western coast and enhance its ability to service customers in Gujarat and north India.
APSEZ, a part of the globally diversified Adani Group, is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast and 8 ports and terminals on the east coast.
APSEZ has incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth, it said in a statement.
Berth will handle multipurpose cargo and is expected to be commissioned in FY27.
In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period.
According to the statement, APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo.
Berth No. 13 is 300 metres long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27.
APSEZ CEO and whole-time director Ashwani Gupta said, "Berth No. 13 will diversify our presence at Deendayal Port. We will now handle multipurpose clean cargo at the port, in addition to dry bulk cargo that we already handle."
The statement said the berth will further consolidate the company's position on the western coast and enhance its ability to service customers in Gujarat and north India.
APSEZ, a part of the globally diversified Adani Group, is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast and 8 ports and terminals on the east coast.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Standard Capital
- 1.52 (+ 0.66)
- 32078330
- Srestha Finvest
- 0.81 ( -4.71)
- 23130724
- Vodafone Idea L
- 9.23 (+ 1.43)
- 22745894
- Spicejet Ltd.
- 66.56 (+ 1.29)
- 11296960
- Rajnish Wellness
- 3.02 (+ 3.78)
- 10095109
MORE NEWS
Avaada Energy Refinances Rs 597 cr Solar Projects
Avaada Energy secures Rs 597 crore refinancing from NIIF IFL for its solar projects in...
Hyundai Motor India IPO Subscribed 9% on Day 1...
Hyundai Motor India's IPO, India's largest, received 9% subscription on Day 1. The Rs...
Soybean Production Surges 6% to 126 Lakh Tonnes...
Soybean production in India has risen to 126 lakh tonnes due to favorable weather and...