Deals7 Jun 2024, 02:38 pm
Adani Ports Receives Letter of Intent for Container Terminal Operation and Maintenance at Kolkata Port
AI Summary
Adani Ports and Special Economic Zone Ltd. has announced the receipt of a letter of intent for operation and maintenance of a container terminal at Kolkata Port from Syama Prasad Mookerjee Port Authority, Kolkata. The contract agreement is to be signed within 45 days of issuance of LOI/LOA by SMPK. The contract size is not ascertainable at this point and does not involve any related party transactions.
Key Highlights
- Adani Ports received a letter of intent for container terminal operation and maintenance at Kolkata Port.
- The contract is to be signed within 45 days of LOI/LOA issuance by Syama Prasad Mookerjee Port Authority, Kolkata.
- The contract size is not yet determined.
- The contract does not involve any related party transactions.
- A press release regarding the development was issued on June 7, 2024.