Adani PortsExpands with New Berth at Deendayal Port

On 11 September 2024, Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port operator, signed a concession agreement with Deendayal Port Authority (DPA) to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. APSEZ has formed a new subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), to manage operations at the berth.

In July 2024, APSEZ received a Letter of Intent (LOI) for the development, operation, and maintenance of the berth, which comes with a 30-year concession period. The berth will be developed under the DBFOT (Design, Build, Finance, Operate, Transfer) model and will handle clean cargo, including containers.

Berth No. 13 is 300 meters long, with an annual capacity of 5.7 million metric tons (MMT). It is expected to be operational by the fiscal year 2027.

“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 berth will further consolidate our position on the western coast and enhance our ability to service customers in Gujarat and north India,” said Mr Ashwani Gupta, Whole-time Director and CEO of APSEZ. 

Financial Highlights

In its Q4 results, APSEZ reported revenue for the quarter rose by 18.97% compared to the same period last year, and profit increased by 76% year-over-year. However, revenue fell slightly by 0.34% compared to the previous quarter, and profit dropped by 7.64% from the previous quarter.

About Adani Ports and Special Economic Zone Ltd

Adani Ports and Special Economic Zone Ltd (APSEZ), part of the Adani Group, has grown from being a port company to an Integrated Transport Utility, offering complete solutions from its ports to customers’ doors. It is India’s largest port developer and operator, with 7 key ports and terminals on the west coast, including Mundra, Tuna, Dahej, Hazira (Gujarat), Mormugao (Goa), Dighi (Maharashtra), and Vizhinjam (Kerala), and 8 on the east coast, including Haldia (West Bengal), Dhamra, Gopalpur (Odisha), Gangavaram, Krishnapatnam (Andhra Pradesh), Kattupalli, Ennore (Tamil Nadu), and Karaikal (Puducherry). These locations represent 27% of India’s total port volumes, handling large amounts of cargo from both coastal and inland regions.

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