Business Update11 Sept 2024, 10:19 pm
Adani Ports to Develop Multipurpose Berth at Gujarat's Kandla Port
AI Summary
Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a concession agreement with Deendayal Port Authority (DPA) to develop Berth No. 13 at Kandla Port, Gujarat. The 300m long berth will handle multipurpose clean cargo, including container cargo, and is expected to be commissioned in FY27. APSEZ was awarded the Letter of Intent (LOI) in July 2024 to develop the berth under a 30-year concession. The berth will diversify APSEZ's presence at Deendayal Port and further consolidate its position on the western coast.
Key Highlights
- APSEZ has signed a concession agreement with DPA to develop Berth No. 13 at Kandla Port.
- The berth will handle multipurpose clean cargo, including container cargo.
- APSEZ was awarded the LOI in July 2024 to develop the berth under a 30-year concession.
- The berth is expected to be commissioned in FY27.
- The berth will diversify APSEZ's presence at Deendayal Port and enhance its ability to service customers in Gujarat and north India.