Adani Ports Share Price Gains Over 4%; Receives LOA for Developing 2 Dry Bulk Berths at Paradip Port

On September 9, 2026, Adani Ports and Special Economic Zone Limited announced the receipt of a Letter of Award (LOA) for the development and operation of 2 dry bulk berths at Paradip Port, Odisha, as per the exchange filings.  

This marks a significant expansion in its infrastructure portfolio on India's eastern seaboard. 

Details of the Paradip Port Project 

The project at Paradip Port provides Adani Ports with a 30-year concession period. The contract was awarded through a competitive public bidding process, allowing the company to manage the berths under a Build, Operate, and Transfer framework.  

The Paradip Port Authority issued the contract, which includes the mechanisation, operation, and maintenance of CQ-I and CQ-II Berths. 

The formal Concession Agreement, detailing the commercial terms, is expected to be signed within 30 days of the LOA issuance.  

The financial size of the order is not yet specified, as it will depend on future cargo volumes. The project is verified by Company Secretary Kamlesh Bhagia for public listing and archival records. 

Operational and Strategic Expansion 

The project will add 18 Million Metric Tonnes of new mechanised dry bulk capacity, increasing Adani Ports' domestic portfolio from 653 MMT to 671 MMT. This development employs advanced mechanised handling systems and deep-draft storage infrastructure. 

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Strategic Hinterland and National Impact 

Adani Ports' entry into Paradip Port strengthens its presence along the East Coast, complementing existing assets in Haldia, Dhamra, Gopalpur, and Gangavaram ports.  

The terminal enhances commercial access to mineral-rich industrial hinterlands in eastern and central India, facilitating efficient logistics for regional coal, limestone, and heavy manufacturing commodities. 

This addition increases the group's domestic network footprint to 16 ports and terminals, distributed across India's 11,000-kilometre coastline. Whole-time Director and CEO Ashwani Gupta highlighted the project's role in easing capacity bottlenecks, meeting demand from domestic steel plant expansions. 

Adani Ports and Special Economic Zone Share Price Performance 

As of September 09, 2026, at 2:22 PM, Adani Ports and Special Economic Zone share price on NSE was trading at ₹1,783.00, up by 4.27% from the previous closing price. 

Conclusion 

Adani Ports' receipt of the LOA for Paradip Port development adds 18 MMT of capacity, expanding its domestic portfolio to 671 MMT. The project strengthens its East Coast presence and enhances logistics access to mineral-rich regions. 

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