Adani Ports & SEZ to develop multipurpose berth at Gujarat's Kandla Port

Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest port developer-cum-operator, has signed a concession agreement with DPA to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth.

In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo.

Berth No. 13 is 300m long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27.

"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, APSEZ.

Shares of Adani Ports and Special Economic Zone Limited was last trading in BSE at Rs. 1430.20 as compared to the previous close of Rs. 1453.10. The total number of shares traded during the day was 781360 in over 4396 trades.

The stock hit an intraday high of Rs. 1457.55 and intraday low of 1425.55. The net turnover during the day was Rs. 1135627554.00.

Source : Equity Bulls

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AdaniPortsandSpecialEconomicZone INE742F01042 APSEZ ConcessionAgreement Berth13 DeendayalPort Kandla