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Adani Ports Wins 30-Year Contract for Developing Berth No. 13 at Deendayal Port

16 July 20243 mins read by Angel One
Adani Ports has secured a 30-year concession to develop and operate Berth No. 13 at Deendayal Port, with a target commissioning by fiscal 2027.
Adani Ports Wins 30-Year Contract for Developing Berth No. 13 at Deendayal Port
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Adani Ports & Special Economic Zone is in the business of development, operations, and maintenance of port infrastructure (port services and related infrastructure development) and has linked multi-product Special Economic Zone (SEZ) and related infrastructure contiguous to Port at Mundra. It is the largest port developer and operator in India. The company has a total market capitalization of Rs.3.20 Lakh crores.

Adani Ports Secures 30-Year Concession for Deendayal Port Berth

Adani Ports and Special Economic Zone Ltd. has won a 30-year concession to develop, operate, and maintain Berth No. 13 at Deendayal Port. This achievement, obtained through a competitive bidding process, marks a significant enhancement to Adani Ports’ infrastructure portfolio. The 300-meter berth will have an annual capacity of 0.57 crore tonne and is designed to handle multipurpose clean cargo, including container cargo. This development is poised to considerably boost the operational capabilities of Deendayal Port.

Strategic Expansion and Future Plans

Adani Ports aims to commission Berth No. 13 by fiscal 2027. The Concession Agreement, set to be signed within 30 days of the issuance of the Letter of Intent (LOI) by the Deendayal Port Authority, will officially commence the project. This strategic move is in line with Adani Ports’ continuous efforts to expand its infrastructure and reinforce its leadership in the maritime sector. By enhancing its capabilities at Deendayal Port, Adani Ports is well-positioned to meet the growing demand for efficient and versatile cargo handling.

Conclusion: The 30-year concession for developing Berth No. 13 at Deendayal Port represents a pivotal expansion for Adani Ports, further solidifying its leadership in the maritime sector. With a substantial annual capacity and a focus on multipurpose clean cargo, this project will significantly enhance Deendayal Port’s operational efficiency and capacity. Adani Ports’ commitment to this project underscores its strategic intent to bolster its infrastructure and maintain a competitive edge in the industry. The stock of Adani Ports currently trades at Rs.1,473.50 per share down by 0.3% from its previous day’s closing price.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions

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