Adani Ports wins 30-year contract for two dry bulk berths at Paradip Port
Adani Ports received a Letter of Award for the development and operation of two dry bulk berths at Paradip Port, Odisha. The 30-year concession will add 18 MMT of capacity to APSEZ's domestic portfolio, contributing to its 2030 cargo throughput target.
The award of a 30-year concession for two dry bulk berths at a major port represents a substantial expansion of the company's operations and capacity, directly contributing to its strategic growth targets.
The company has received a significant award for a long-term concession, which is expected to expand its operational capacity and market reach.
Adani Ports and Special Economic Zone Limited (APSEZ) has been awarded a Letter of Award (LOA) for the development and operation of two dry bulk berths (CQ-I & CQ-II) at Paradip Port, Odisha. The concession period is for 30 years, and the operations will be on a Build, Operate, and Transfer (BOT) basis.
The LOA was issued by Paradip Port Authority. The concession agreement is to be signed within 30 days of the issuance of the LOA. The nature of the contract involves mechanizing, operating, and maintaining the specified berths.
This development is part of APSEZ's strategy to expand its East India operations, adding 18 Million Metric Tonnes (MMT) of mechanized dry bulk capacity. This will increase APSEZ's total domestic portfolio to 671 MMT and contributes to its target of reaching 1 billion tonnes of cargo throughput by 2030. The new berths will enhance APSEZ's access to the mineral-rich hinterland of eastern and central India, supporting cargo growth for commodities like coal and limestone.
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Adani Ports and Special Economic Zone Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Ports and Special Economic Zone Limited. Read the original for the full detail.