Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will build a multi-purpose berth at Kandla Port in Gujarat.
The largest port developer-cum-operator in India stated in a statement that Berth No. 13 at Deendayal Port in Kandla, which will handle multipurpose cargo, is expected to be commissioned in FY27.
“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,” said Ashwani Gupta, Whole-time Director and CEO, APSEZ.
With a 300-metre length, Berth No. 13 has an annual capacity of 5.7 million metric tonnes.
“The berth will further consolidate our position on the western coast and enhance our ability to service customers in Gujarat and north India,” he added.
Adani Ports has incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Ltd (DPACCCTL), that will be managing operations at the berth.
The letter of intent (LOI) for the development, management and maintenance of the berth for a 30-year concession period was obtained by Adani Ports in July. The berth will be developed for multipurpose clean cargo, including container cargo, in accordance with the DBFOT (design, build, finance, operate and transfer) model.
Adani Ports recently declared that it will pay $185 million in an all-cash deal to purchase an 80 per cent stake in Astro Offshore, a global operator of offshore support vessels. Astro will contribute to the expansion of Adani Ports’ Tier-1 clientele and improve its worldwide marine portfolio. The Adani Group flagship firm stated that the deal, which has an implied enterprise value of $235 million, is expected to provide value from the first year itself.
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